TC2000 Fresh Breakout Scan

Description

The TC2000 fresh breakout scan is a versatile scan that returns stocks breaking out of short, intermediate, and even long term ranges.

How does it work

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

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

Features

• Purchase includes exact PCF code and setup instructions.
• Purchase includes additional recommended scan criteria:
  • Minimum daily volume.
  • Breaking higher on above average volume.
  • Bullish 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.
• Stack the odds in your favor by using this scan against our weekly curated TR150 watchlist.

Bundle offer

Get a discount when you purchase this Breakout Scan and its bear version equivalent in the Breakout Scans Bundle package.

Any questions? Contact us.