Price below VWAP with bearish EMA alignment, volume above average, and 60%+ red candles over the last 20 bars.
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40 stocks matching now, newest 20 shown.
VWAP (Volume Weighted Average Price) confirms price is below the session's average transaction cost, indicating sellers have dominated. EMA(9) below EMA(20) means the faster exponential average has crossed beneath the slower one — a bearish crossover indicating short-term momentum is down. Volume above the 20-period average confirms the selling is not passive drift. The 60%-red-candles filter counts the last 20 bars: if 13 or more closed lower than they opened, the downtrend is characterized by consistent selling pressure across time — not a single flush followed by sideways. All four conditions together create a tight, directional filter.
The candle-composition filter is what elevates this screen above a basic bearish VWAP + EMA scan. A stock can be below VWAP with bearish EMA alignment but have a mixed candle pattern — suggesting chop rather than trend. Sixty percent red candles means sellers have been winning the majority of individual bar battles, not just the session overall. The primary failure mode is a broad market reversal mid-session: if the S&P 500 snaps back sharply, even stocks with perfect bearish alignment will bounce, and the 1-hour timeframe means the signal can lag the reversal by up to an hour. A second risk is short squeezes in lightly shorted stocks where elevated volume is covering, not initiating, short positions. Compare to Strong Intraday Downtrend for the same setup without the candle-quality filter. Strong Intraday Uptrend + Momentum Quality is the bull-side equivalent.
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This screen identifies stocks in a confirmed intraday downtrend with high momentum quality: below VWAP, bearish EMA alignment (EMA(9) below EMA(20)), volume above average, and more than 60% of the last 20 candles were red. The candle-composition filter is the differentiator — it requires sustained directional pressure, not just a momentary dip. Day traders and intraday short sellers use this for high-conviction directional plays. Search phrases: intraday downtrend VWAP EMA alignment, high momentum short setup, bearish intraday quality screener.
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