New Slingshot Anticipation Scan

A friend of mine has shown me the value of using Rate of Change to identify compression points in a stock.  We talked about combining a Slingshot in the current bar with a ROC of +/- 2 in the preceding bar.  He personally also conditions a ROC of >15 in the prior 21 bars but since my coding knowledge is more limited, I went after the concept it in a slightly different way by using  a weekly RSI > 51 for now.  I'll likely experiment some more, but I like what I see from this scan so far.

As I'm very encouraged by what It has produced, I've decided to share the scan.

Criteria:

Price = personal preference

Liquidity is true = minv3.1 >=55000   -- Personal preference

Slingshot =  c > xavgh4 and c1 < xavgh4.1 and c2 < xavgh4.2 and c3 < xavgh4.3

ROC (my work around TC2k Limitations) = ((C1/c6)-1) *100

Wilder RSI > 51 weekly -- Self explanatory, but subject to experimentation. 

Results: 11/27/15:

Fishing Season

Tis the season when low float stocks fly.   The Fishhook Setup works great for catching big moves in these types of stocks.

Here's one that triggered today:

Use the consolidation areas on an hourly for stops.

Slingshot Setup Described

Here's the main setup I've been using lately.  It is a range breakout following a pullback in power stocks.