Screeners: Weinstein Strategy

Weinstein Strategy Screener

Fond stocks starting a Weinstein phase 2 !

Stan Weinstein was a famous trader in the 1980s who developed a medium / long term trading method: the Weinstein Strategy.

Based on 4 market phases, the strategy follows weekly charts, mainly using the 30-period moving average. Because the phase 2 is the market's uptrend phase, it is useful to detect stocks entering this phase so as to be able to take positions and follow the uptrend.

You can find out more about the Weinstein Strategy on the following website :

Tradosaure Trading Academy / Stratégie Weinstein

Description

The Weinstein Strategy screener scans the market for patterns in line with the Weinstein strategy. The aim is to detect the start of phase 2, the bullish phase of the 4-phase cycle.

Our Weinstein Indicator is included with the screener, displaying the key points detected by the screener on the graph.

The results are sorted according to the position of the current price :

• 102 = breaking out the consolidation following the mobile average break out,
• 101 = breaking out the last resistance before mobile average break out,
• 2 = configuration 2,
• 1 =  configuration 1.

A general filter, in daily timeframe, based on the share price and trading volumes, allows you to choose the desired level of liquidity for the stock.

Adjustable parameters can be used to filter Weinstein configurations. All the settings can be made without having to modify the code, using the screener's 'variables' menu.

Adjustable validation criteria :

• Mobile average period,
• Mobile average type (EMA, SMA, WMA, ...)
• Minimum percentage drop before the srtockprice breakout the mobile average (phase validation),
• Number of candles scanned to validate the phase 4,
• Minimum consolidation percentage after the mobile average break out.

Available filters :

• Maximum distance over the mobile avergae break out,
• Mobile average bullish or neutral,
• Maximum percentage from mobile average break out to resistance.

General filter :

• Minimum stock price,
• Minimum average volume,
• Average volume expressed in transaction number or in capital exchanged.

Video user guide (english subtitles available) :

Details of available settings :

Télécharger le guide

Characteristics

• Works on Weekly timeframe,
• ProRealTime V11 and later versions compatible,
• Free ProRealTime (daily closings) compatible,
• Weinstein indicator included,
• Automatic and free updates for life.

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Disclaimer

Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.