Above the 20-day most of the month
Closed above the 20-day average on 17 of the last 20 sessions, ADX over 20. The forgiving version of a persistence scan.
The forgiving cousin of the ten-sessions-above scan. It tolerates up to three closes under the 20-day in a month, which is how a healthy trend actually behaves, instead of demanding an unbroken run. The ADX condition stops it returning stocks that have drifted sideways just above a flat average. Twenty is a modest bar. It is still enough to say the sessions above the line came from movement and not from noise.
More momentum:Stacked moving averagesOne-year leadersStrong but not overboughtTen sessions above the 20-dayVolume building
Price and delivery data from the eod2 dataset: National Stock Exchange of India end-of-day files, split- and bonus-adjusted, updated after each close. Not affiliated with or endorsed by NSE. PatternsRadar is a research tool. Nothing here is investment advice or a recommendation to buy or sell anything.