TC2000 Tight Lows Scan

Description

The TC2000 tight lows scan is a great way to find short-term breakdown opportunities in stocks that are trending lower and have repeatedly sold off into support but have not yet broke down.

How does it work

This scan looks for stocks that are forming a tight cluster of lows over recent bars. We take into account the underlying stocks volatility and average range to get a reasonable measurement of “tight”.

It’s designed to be a bearish scan that will alert traders of a tight consolidation and possible breakdown before the breakdown happens.

The scan also includes a filter to make sure the stock is already in an established downtrend for added confidence in the potential break. This is a bearish scan that is designed for the daily time-frame but it could be adapted for any interval.

Features

• Purchase includes exact PCF code and setup instructions.
• Purchase includes additional recommended scan criteria:
  • Minimum daily volume.
  • Bullish trend filter.
• Can be used on all versions of TC2000.
• Can be combined with other criteria to improve accuracy.

Bundle offer

Get a discount when you purchase this Tight Lows Scan and its bull version equivalent in the Tight Highs Lows Bundle package.

Any questions? Contact us.