TC2000 Bearish Pin Bar Reversal Scan

$99.00

The TC2000 bearish pin bar reversal scan identifies stocks that are forming perfect pin bar candlesticks at key moving averages such as the 50-day and 200-day simple moving averages.

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Description

The TC2000 bearish pin bar reversal scan combines the power of the pin bar candlestick with the importance and weight of the most highly watched major moving averages.

How this screener works

This scan looks for a couple of things. First and most important are perfectly formed pin bars. Pin bars are a long-term favorite of traders looking for early signs of price reversals in previously trending stocks or ETFs.

The problem with most pin bar trades is that they occur at random meaningless locations. So instead of looking at any old pin bar, we only want to see pin bars that pierce above key declining moving averages like the 50-day moving average and 200-day moving average and then go on to finish the day back below them.

Lastly, we require that those moving averages be declining in the direction of the pin bar formation indicating an overall downtrend in the underlying stock or ETF.

Putting it all together, the scan will return stocks printing pin bars piercing above a declining moving average of your choice (by default the 200 SMA).

TC2000 Bear Pin Bar Reversal Scan UCFC Example

Scan features

  • This scan has been upgraded and enhanced to take advantage of TC2000’s latest PCF features. This means you can easily customize its settings so you can more accurately target stocks based on your personal preferences.
  • Includes easy-to-follow video setup instructions that will have you scanning in no time
  • Compatible with all versions of TC2000
  • Built to scan across any timeframe you want
  • Can be combined with additional scan criteria to improve precision

Add to cart

Please note: all sales are final. This is an instant digital download and you will receive the source code immediately upon purchase. We encourage you to contact us prior to check out if you have any questions about this scan or if you would like to see the latest stock results. Thank you for your understanding!

Bundle offer

Get a discount when you purchase this Bearish Pin Bar Reversal Scan and its bull version equivalent in the Pin Bar Scan Bundle package.

Additional information

Product Type

Bearish

Platform

Worden TC2000

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