MESA Sine Wave Stock Screener

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This post focuses on customizable MESA Sine Wave factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

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Display MESA Sine Wave Values

Tags: mesa sine wave indicator, mesa sine wave screener, mesa sine wave stock screener

List symbols
Add Column MESA Sine Wave(25) as SineWave
Add Column MESA Lead Sine(25) as LeadSine
Apply to NSE

This scan computes and displays the 25-period, MESA Sine Wave, and MESA Lead Sine values for all National Stock Exchange (NSE) symbols.

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MESA Sine Wave Bullish Signal

Tags: mesa sine wave bullish scanner

List symbols where Mesa Sine Wave(25) has crossed above 0 after remaining below for 3 bars
Add Column MESA Sine Wave(25) as SineWave
Apply to NSE

This scan aims to identify instances where the 25-period MESA Sine Wave, after being consistently below the 0 level for 3 consecutive bars, has recently crossed above it. The results of the scan include the calculation and display of the 25-period MESA Sine Wave in the output report.

OPTION 1

If you prefer a more straightforward approach to identify crossovers into positive territory, you can modify the scan as follows:

List symbols where Mesa Sine Wave(25) has crossed above 0
Add Column MESA Sine Wave(25) as SineWave
Apply to NSE

OPTION 2

A supplementary verification step has been included below to detect instances of above-average volume.

List symbols where Mesa Sine Wave(25) has crossed above 0 after remaining below for 3 bars
And Volume > Average Volume(10)

Add Column MESA Sine Wave(25) as SineWave

Apply to NSE

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MESA Sine Wave Bearish Signal

Tags: mesa sine wave bearish scanner

List symbols where Mesa Sine Wave(25) has crossed below 0 after remaining above for 3 bars
Add Column MESA Sine Wave(25) as SineWave
Apply to NSE

This scan aims to identify instances where the 25-period MESA Sine Wave has recently crossed below the zero level after being above it for 3 consecutive bars. The resulting scan report includes the computation and display of the 25-period MESA Sine Wave.

OPTION 1

Here is an alternative approach to focus solely on detecting crossovers into negative territory:

List symbols where Mesa Sine Wave(25) has crossed below 0
Add Column MESA Sine Wave(25) as SineWave
Apply to NSE

OPTION 2

A supplementary validation to account for volume levels that surpass the average threshold has been included in the scan below.

List symbols where Mesa Sine Wave(25) has crossed below 0 after remaining above for 3 bars
And Volume > Average Volume(10)

Add Column MESA Sine Wave(25) as SineWave

Apply to NSE

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MESA Sine Wave Bullish Crossover

Tags: mesa sine wave bullish crossover

List symbols where Mesa Sine Wave(25) has crossed above Mesa Lead Sine(25) after remaining below for 3 bars
Add Column MESA Sine Wave(25) as SineWave
Add Column MESA Lead Sine(25) as LeadSine
Apply to NSE

This scan is designed to identify instances where the 25-period MESA Sine Wave has recently crossed above the 25-period MESA Lead Sine level, following a period of being below it for 3 bars. The results of this scan include the computation and display of the 25-period MESA Sine Wave and Lead Sine in the output scan report.

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MESA Sine Wave Bearish Crossover

Tags: mesa sine wave bearish crossover

List symbols where Mesa Sine Wave(25) has crossed below Mesa Lead Sine(25) after remaining above for 3 bars
Add Column MESA Sine Wave(25) as SineWave
Add Column MESA Lead Sine(25) as LeadSine
Apply to NSE

This scan is designed to identify instances where the 25-period MESA Sine Wave has recently dropped below the 25-period MESA Lead Sine level after having been above it for 3 consecutive bars. The scan also calculates and displays the values of the 25-period MESA Sine Wave and Lead Sine in the output scan report.

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For comprehensive insights into the MESA Sine Wave, including its calculation methodology, interpreting the MESA Sine Wave indicator, how to use the MESA Sine Wave in trading, as well as an exploration of its advantages and limitations as an indicator, click here.