Strong bearish trend quality with consistently red candles across short/medium/long windows and price below SMA50.
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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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