Three Down Days Above 200 SMA
Three consecutive lower closes in a long-term uptrend.
Criteria (as backtested)
| Universe | S&P 500 + Nasdaq 100 (current members) |
| Price | > $5 |
| 20d avg $ volume | > $5M |
| + 2 signal rules | Exact thresholds in Pro |
Backtest · 2021-10-13 → 2026-10-12
How we testEqual-weight trade curve (weekly, 1.0× = start). Each signal held 5 sessions; daily return = mean of open positions. No fees, slippage or taxes. Survivorship-biased universe. Not indicative of future results.
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Get Pro, $39/moToday's matches · close of 2026-10-12
All screens todayScreen matches for study, not recommendations.
Hit rate by year
Was the edge consistent or one lucky year? First and last years are partial. Compare all screens on the leaderboard.
Most recent signals in backtest
How the Three Down Days Above 200 SMA screen works
The Three Down Days Above 200 SMA screen is a mean reversion setup: three consecutive lower closes in a long-term uptrend. A stock qualifies on a given day when all 5 rules are true at the close (the exact thresholds are part of Pro). To keep results tradable, only S&P 500 and Nasdaq-100 members above $5 with more than $5M of average daily dollar volume are included.
Across 518 tickers from 2021-10-13 to 2026-10-12, the screen fired 33,176 times on 514 different stocks. 53.5% of signals were higher five sessions later, ranking #9 of 25 screens on SetupHits by hit rate. The average 5-day move was +0.42% (median +0.31%), ahead of SPY's +0.31% over the same days, and the equal-weight trade curve's worst drawdown was -24.0%.
Pro members get copy-paste ThinkorSwim versions of this screen by email. In TradingView use the string in the Stock Screener filter or a Pine condition; in Finviz append the filter codes to the screener URL; in ThinkorSwim paste the thinkScript into a Stock Hacker custom study filter. Platforms compute indicators slightly differently, so expect small differences in the hit list.
Treat these numbers as context, not a forecast. The backtest uses daily bars, ignores commissions and slippage, overlaps signals on the same stock, and tests today's index members back in time, which adds survivorship bias. Dip-buying screens are especially flattered by that bias.
Full test rules: methodology. Compare every setup in our ranked list of stock screeners.
FAQ
What is the Three Down Days Above 200 SMA stock screener?
Three consecutive lower closes in a long-term uptrend. It is a mean reversion screen evaluated on daily closes for S&P 500 and Nasdaq-100 stocks.
What is the Three Down Days Above 200 SMA backtest hit rate?
53.5% of 33,176 signals between 2021-10-13 and 2026-10-12 closed higher 5 trading days later, with an average 5-day move of +0.42% and a max drawdown of -24.0%.
How do I set up the Three Down Days Above 200 SMA screen in TradingView, Finviz or ThinkorSwim?
SetupHits Pro ($39/mo) includes the exact ThinkorSwim settings, delivered by email. Results can differ slightly because each platform calculates indicators its own way.
Is the Three Down Days Above 200 SMA screen good for day trading?
It is an end-of-day screen measured over a 5-day hold, so it suits swing trading or building a next-day watchlist more than intraday entries. Past, simulated results do not predict future returns.