Screening Filters
Price Change Percentage (24h) > 3%:
- Purpose: To identify assets that have experienced a significant upward movement in the past 24 hours, indicating a strong bullish impulse or breakout.
- Rationale: This aligns with the user's request to find assets that have recently broken resistance, as a price increase of more than 3% in 24 hours is a strong indicator of such a breakout.
Price Above SMA20 (Simple Moving Average 20):
- Purpose: To confirm that the asset is in an uptrend and trading above its short-term moving average.
- Rationale: The user wants to focus on assets that are consolidating after a breakout, and being above the SMA20 confirms the continuation of an upward trend.
Price Change (1h) Between -5% and +5%:
- Purpose: To capture assets that are currently consolidating or "resting" after a breakout, with minimal price fluctuations in the short term.
- Rationale: This filter ensures that the asset is not experiencing extreme volatility or a sharp pullback, which aligns with the user's goal of identifying assets in a calm retest phase.
Relative Volume < 100%:
- Purpose: To identify assets with lower-than-average trading volume, indicating a potential profit-taking phase rather than panic selling.
- Rationale: The user is looking for assets where the volume has decreased after the breakout, which is typical during a consolidation phase.
Price Around Support:
- Purpose: To find assets that are trading near a support level or just above their SMA20, within a flexible margin.
- Rationale: This filter ensures that the asset is "floating" near its support zone or moving average, which is the ideal entry point for the user's strategy.
Why Results Match:
- The filters are designed to capture assets that have recently broken resistance (via the 24h price change and SMA20 filters) and are now consolidating near their support or moving average (via the 1h price change, relative volume, and support relationship filters).
- These filters collectively address the user's request for identifying assets in a pullback phase after a breakout.
Why No Results Were Returned:
- The combination of strict filters (e.g., requiring a 24h price change > 3%, price above SMA20, and low relative volume) may have been too restrictive, especially in current market conditions where such setups might be rare.
- Additionally, the "Price Around Support" filter might have excluded assets that are slightly farther from their support or SMA20, even if they meet other criteria.
Next Steps:
Would you like to adjust the filters to broaden the search? For example:
- Lowering the 24h price change threshold (e.g., from 3% to 2%).
- Increasing the relative volume cap (e.g., from 100% to 150%).
- Expanding the range for "Price Around Support" to include assets slightly farther from their support or SMA20.
Let me know how you'd like to proceed!
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.