Strong momentum persistence — five higher closes.
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The filter checks that the current close is above the prior close, the prior close is above the one before it, and so on for five consecutive bars. All five comparisons must be true simultaneously — a single lower close in the sequence disqualifies the stock. on the Daily chart, each bar is one calendar month; five consecutive higher monthly closes spans five months of data. This is a strict condition: a stock with 4 higher closes followed by one lower close followed by 4 more higher closes does not qualify.
Five consecutive higher closes on the Daily chart is a hallmark of stocks in strong primary uptrends — typically growth leaders in an early-to-mid bull market cycle. The signal is more useful as a universe filter (stocks with this property deserve attention) than as a precise entry trigger (the stock may be temporarily overextended). Adding a pullback condition — waiting for a single lower monthly close to set up a re-entry — can improve entry timing within the long-term trend. Key failure mode: five consecutive higher monthly closes often coincides with the stock being at multi-year highs, where valuation concerns or sector rotation can produce sharp corrections even if the business is still performing well. For a shorter version of the same concept, see Three Higher Closes. For the bearish equivalent, see Five Lower Closes. The daily version of this screen is more actionable for swing traders seeking shorter-duration momentum.
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This screener finds stocks that have closed higher than the previous close for five consecutive bars — uninterrupted multi-bar momentum persistence. on the Daily chart, five consecutive higher closes represents five months of continuous closing gains, a rare condition indicating strong multi-month upside momentum. Momentum investors and long-term trend-followers use this as a signal for sustained directional conviction. Who uses this: position traders and long-term investors seeking stocks with demonstrated persistence rather than a single-bar breakout. Failure mode: by the fifth consecutive higher close, the stock may be extended — entries at this point can coincide with a mean-reversion pullback even if the longer-term trend remains intact. Related screens: Three Higher Closes and Five Lower Closes.
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