DC's Percolator Scan

DC's Percolator Scan will be used to find stocks, which are closed to 6 month high and just break out on the scan day. This kind of stocks will also likely be shown in other scan, such as EP scan or STIB. The original post can be found here.

The criterion are as following:

1.Today’s percent change >= 2%
2.Today’s volume surge >= 50% (volume surge is calculated based on 100MA of volume)
3.Within 10% of 6 month high
4.C1 Percentchange <= 4
5.C2 Percentchange <= 4
6.C3 Percentchange <= 4
7.C4 Percentchange <= 4

This list is sorted by volume surge from highest to lowest. Now, we have all stocks starting to move on potentially higher volume within 10% of their 6-month high with no breakout days in the past 4 days.

In telechart or tc2000, the scan formula is

c>=1.02*c1 AND V>=1.5*AVGV100.1 AND C>=0.9*MAXH120.1 AND C1<=1.04*C2 AND C2<=1.04*C3 AND C3<=1.04*C4 AND C4<=1.04*C5

Usually you can find out many good setups using this scan.