FinancePulse360 – Market Reports & Finance Tools

How to Find Strong Stocks Using AmiBroker (200 DMA Breakout Scanner)

By Finance Pulse (S. Karthik)

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Introduction

Most traders ask:

"Which stock should I buy?"

But professional traders don’t think like that.

They ask:

"Which stocks meet strong conditions today?"

In this post, I will show you how to scan and find strong stocks using AmiBroker.

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The Idea Behind This Scanner

We are not predicting stocks.
We are filtering stocks based on strength.

This scanner finds stocks that are:

• In strong uptrend
• Getting high volume interest
• Showing momentum
• Breaking important levels

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The Strategy Logic (Simple Explanation)

• Price above 200 DMA → Long-term strength
• High volume → Institutional activity
• RSI above 55 → Momentum
• Breakout → Fresh move starting

When all these align → High probability setup

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AmiBroker AFL Code

// 200 DMA Breakout Scanner SetOption("NoDefaultColumns", True); price = C; ma200 = MA(C, 200); avgVol = MA(V, 20); // Conditions trend = price > ma200; volume = V > 1.5 * avgVol; strength = RSI(14) > 55; breakout = C > Ref(HHV(C, 50), -1); // Final Filter Filter = trend AND volume AND strength AND breakout; // Columns AddColumn(C, "Close", 1.2); AddColumn(ma200, "200 DMA", 1.2); AddColumn(V, "Volume", 1); AddColumn(RSI(14), "RSI", 1.2); AddTextColumn(FullName(), "Stock Name"); // Sort SetSortColumns(-1);

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How to Use This Scanner

1. Open AmiBroker
2. Go to Analysis → Exploration
3. Paste the above code
4. Select your stock universe (NSE, Nifty 500, etc.)
5. Click "Explore"

You will get a list of stocks that meet all conditions.

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How to Read the Results

• Stocks above 200 DMA → Strong trend
• High volume → Big money interest
• RSI strong → Momentum present
• Breakout → Entry opportunity

These are not random stocks — these are filtered strong candidates.

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Real Market Thinking

Instead of chasing tips:

• Let the market show strength
• Follow price action
• Trade with confirmation

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Important Rules

• Always wait for proper entry
• Use stop-loss
• Do not blindly buy all scanned stocks
• Analyze charts before taking trade

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Why This Works

This scanner indirectly captures fundamentals:

• Institutions buying → Volume increases
• Good performance → Price trends up
• Market confidence → Breakouts happen

So technicals = hidden fundamentals.

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Final Thought

"Don’t ask which stock to buy. Ask which stock is strong."

Scan the market. Let data guide you.

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Disclaimer

This is for educational purposes only. This scanner does not provide buy/sell recommendations. Always do your own analysis before investing.

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- Finance Pulse

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