This stock is in my watch list. System will prompt me to enter based on its price of last 30 days.
The filter of my wathc list is:
Nasdaq stocks with Market Cap > 120M
// volume MA for last 7 days greater than 500000
// price MA for last 7 days greater than $10
if (SMA(barcount()-1,#volume,7)>500000) greater than 500000
and (SMA(barcount()-1,#close,7)>10) then begin
filewrite(hFile,getsymbol);
abort;
end;
// or, volume MA for last 7 days greater than 1000000
// price MA for last 7 days greater than $5
if (SMA(barcount()-1,#volume,7)>1000000)
and (SMA(barcount()-1,#close,7)>5) then begin
filewrite(hFile,getsymbol);
abort;
end;
// or, volume MA for last 7 days greater than 2000000
// price MA for last 7 days greater than $2
if (SMA(barcount()-1,#volume,7)>2000000)
and (SMA(barcount()-1,#close,7)>2) then begin
filewrite(hFile,getsymbol);
abort;
end;
// or, volume MA for last 7 days greater than 5000000
if (SMA(barcount()-1,#volume,7)>5000000) then begin
filewrite(hFile,getsymbol);
abort;
end;
In addition, only stocks performed well in history with my system will be added into this list. It's a little complicated, but still simpler than rocket science.