OPEN-SOURCE SCRIPT
Stage 2 Uptrend Daily Table
Stage 2 Uptrend Daily Table
Trend Template to Confirm STAGE 2 Uptrend
Stock price is above both the 150-day (30-week) and the 200-day (40-week) moving average price lines.
The 150-day moving average is above the 200-day moving average.
The 200-day moving average line is trending up for at least 1 month, preferably 4–5 months minimum.
The 50-day (10-week) moving average is above both the 150-day and the 200-day moving averages.
The current stock price is at least 25% above its 52-week low. Many of the best selections will be 100%, 300%, or even greater above their 52-week low before they emerge from a sound consolidation period and mount a large-scale advance.
The current stock price is within at least 25% of its 52-week high; the closer to a new high, the better.
The relative strength ranking, as reported in Investor’s Business Daily, is no less than 70, preferably in the 90s, which will generally be the case with the better selections.
Current price is trading above the 50-day moving average, except for “Low Cheat” setups.
Trend Template to Confirm STAGE 2 Uptrend
Stock price is above both the 150-day (30-week) and the 200-day (40-week) moving average price lines.
The 150-day moving average is above the 200-day moving average.
The 200-day moving average line is trending up for at least 1 month, preferably 4–5 months minimum.
The 50-day (10-week) moving average is above both the 150-day and the 200-day moving averages.
The current stock price is at least 25% above its 52-week low. Many of the best selections will be 100%, 300%, or even greater above their 52-week low before they emerge from a sound consolidation period and mount a large-scale advance.
The current stock price is within at least 25% of its 52-week high; the closer to a new high, the better.
The relative strength ranking, as reported in Investor’s Business Daily, is no less than 70, preferably in the 90s, which will generally be the case with the better selections.
Current price is trading above the 50-day moving average, except for “Low Cheat” setups.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.