TC2000 Fresh Breakdown Scan

Description

The TC2000 fresh breakdown scan is a versatile scan that returns stocks breaking down from short, intermediate, and even long term ranges.

How does it work

This scan uses closing prices for its breakdown comparisons and first checks to make sure the stock is trading in an established downtrend, breaking lower on above average volume, and most importantly is making a fresh move to new lows.

The scan uses a minimum lookback length of just 10 bars, which means you will get short-term breakdowns as well as stocks breaking down from longer term consolidations and even moves to new all-time lows.

Features

• Purchase includes exact PCF code and setup instructions.
• Purchase includes additional complementary scan criteria:
  • Minimum daily volume.
  • Breaking lower on above average volume.
  • Bearish trend filter.
• Can be used on all versions of TC2000.
• Can be used on any time-frame.
• Can be combined with other criteria to improve accuracy.

Bundle offer

Get a discount when you purchase this Fresh Breakdown Scan and its bull version equivalent in the Fresh Breakouts Scans Bundle package.

Any questions? Contact us.