Red Robin (RRGB)

[stocktrademan]

Let's start buying Red Robin, this chart has a nice bull flag on an uptrend...

I found this using the free scan technique provided on https://www.swing-trade-stocks.com/
The site looks good I like the rationale and completeness...two thumbs up...




https://stockcharts.com/c-sc/sc?chart=rrgb,uu[e,a]dhclyiay[uu][pb5!b10!b50!b100!b200!d20,2!h.02,.20!f][vb5!b20][iut!lv8!lk9!LE12,26,9!ll14!la6,13,5!la8,17,9!la12,26,9!uc14!ub14!ub6!lo!lp7,3!lh9,3!LI14,3!lxa!ld8!lq!lg14!lf14][j20444984,y]&r=3555b




If using https://www.stockcharts.com web based service, he has a good writeup on scanning and the code here

https://www.swing-trade-stocks.com/stockcharts.html



If using https://www.thinkorswim.com desktop software, this is the code I translated to thinkscript for a scan term daily



#Long Swing Trade
#thinkscript translation of http://www.swing-trade-stocks.com/stockcharts.html
#use as a new custom scan term daily in a new scanning window
#+add filter -> study -> edit -> copy and paste
#if experiencing scan timeouts select Scan In:Optionable or other smaller subset lists
#09/10/16 7:43PM


close >= 5
and
VolumeAvg(length = 60) >= 300000
and
high < high[1]
and
high[1] < high[2]
and
SimpleMovingAvg(length = 10) > MovAvgExponential(length = 30)
and
close > MovAvgExponential(length = 30)
and
close < SimpleMovingAvg(length = 10)
and
close > SimpleMovingAvg(length = 200)
and
SimpleMovingAvg(length = 50) > MovAvgExponential(length = 150)
and
ADX(length = 10) > 20