Model 1

Sophisticated Technical Model for a Stock Scanner

To build a more sophisticated technical model, you can incorporate additional indicators such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Bollinger Bands. Here’s an advanced example using Python

This script downloads historical price data for TCS, calculates several technical indicators, and generates trading signals based on a combination of these indicators. The signals are generated when the 50-day moving average is above the 200-day moving average, the RSI is below 70 (indicating that the stock is not overbought), and the MACD is above the MACD signal line (indicating a bullish trend).

This Python program provides a basic framework for an ALGO model to scan stocks for long-term investment based on predefined criteria. Depending on your specific needs and additional criteria, you can expand and customise this program further or you can contact us to write the code for you.