StockFetcher Forums · Filter Phrases · approaching<< >>Post Follow-up
963 posts
msg #24001
8/28/2002 8:38:15 AM


Usageindicator is approaching indicator [from above or below]
indicator is approaching value [from above or below]
DescriptionThe approaching phrase allows a user to identify stocks whose values or indicators are trending towards a specific value. It does not necessarily mean that the stock is at that particular value, but that over the last couple of days it is converging to that point. Additionally, a user may specify from what direction the indicator is approaching the target value.

This phrase can be very helpful when looking for stocks that are getting close to breaking through particular resistence levels or trend thresholds.

ExamplesPrice is approaching the moving average(15)
Price is approaching the EMA(35) from above
RSI(15) is approaching 30 from below

StockFetcher Forums · Filter Phrases · approaching<< >>Post Follow-up

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