Strong bearish trend quality with consistently red candles across short/medium/long windows and price below SMA50.
Stocks matching this pattern right now appear in the list. Select one to see its chart and backtested strategy performance.
45 stocks matching now, newest 20 shown.
The candle-color ratio across three window lengths creates a multi-resolution trend filter. The 5-bar window (60% red threshold) checks immediate momentum — 3 or more of the last 5 candles closed lower than they opened. The 20-bar window (55% threshold) checks recent trend — at least 11 of the last 20 bars are red, confirming the downtrend is not a brief pullback. The 60-bar window (50% threshold) checks longer-term direction — at least 30 of the last 60 bars are red, confirming the bearish bias is sustained across a wider lookback. The SMA 50 condition adds a price-level filter: being below the 50-bar average confirms structural bearish positioning, not just a noisy candle-color skew. All four conditions together produce a stock that is trending down at every measured resolution simultaneously.
The multi-resolution candle-color approach is a behavioral measure of trend quality, not a price-level signal. It does not require new lows — only that sellers are consistently winning more candles than buyers across multiple windows. This makes it less susceptible to whipsaws from volatile back-and-forth candles that temporarily create new lows before recovering. Key failure mode: at market structure lows, every stock scores high on all three windows simultaneously — that is the definition of an oversold condition, not a continuation signal. Context matters: this screen is more useful as a trend filter during an established downtrend than as an entry trigger at potential bottoms. See Consistent Uptrend for the bull-side mirror, and Strong Intraday Downtrend for a momentum-based variant that uses price structure rather than candle counts.
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This screener finds stocks where more than 60% of the last 5 candles are red, more than 55% of the last 20 candles are red, more than 50% of the last 60 candles are red, and price is below SMA 50. It measures momentum persistence across three timeframes simultaneously: recent (5 bars), medium-term (20 bars), and longer-term (60 bars). Short sellers and trend-following day traders use it to identify stocks that have been consistently declining without meaningful reversals at multiple scales. Who uses this: intraday momentum traders looking for continuation setups in stocks with persistent directional bias. Failure mode: near an oversold inflection, all three windows may show high red percentages while the stock is actually bottoming — the screen can be most populated right at the worst time to short. Related screens: Consistent Uptrend and Strong Intraday Downtrend.
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