Stage 2 Pullback Swing indicator

This scanner is built for swing traders who want high-probability pullbacks inside strong, established uptrends. It targets names in a confirmed Stage 2 bull phase (Weinstein model) that have pulled back 10–30% from a recent swing high on light selling volume, while still respecting fast EMAs.

Goal: find powerful uptrending stocks during controlled dips before the next leg higher.

What it looks for

• Strong prior uptrend: price above the 50 and 200 SMAs, momentum positive over multiple timeframes
  
• Confirmed Stage 2: price above a rising 30-week MA on the weekly chart
  
• Pullback depth: 10–30% off recent swing highs—not too shallow, not broken
  
• Pullback quality: range contained, no panic selling, trend structure intact
  
• EMA behavior: price near EMA10 or EMA20 at signal time
  
• Volume contraction: sellers fading throughout the pullback
  
• Bullish shift: green candle back in trend direction
  

Why this matters
This setup hints at institutions defending positions during a temporary dip. Strong stocks pull back cleanly with declining volume, then resume the primary trend. This script alerts you when those conditions align.

Best way to use

• Filter a strong universe before applying—quality tickers only
  
• Pair with clear trade plans: risk defined by prior swing low or ATR
  
• Trigger alerts instead of hunting charts manually
  

Intended for

• Swing traders who want momentum continuation setups
  
• Traders who prefer entering on controlled retracements
  
• Anyone tired of chasing extended breakouts