Swing Trading Scanner Setup


The buyback index $SPBUYUP is exhibiting a very similar picture to that of SVXY, and while the VIX hasn’t reached a level where one should be overly concerned (+15) it’s getting close. However, VIX term structure has been over-extended for days, and has breached a level which coincides with market sell-offs. From backtesting, the buy and sell signals worked really well. You may want to take a second look and see if this is something that may fit your trading style.

swing trading strategy

Typically this leads to a large green or red candlestick pattern, a trend day. These trades are managed by holding to the close if you’re a day trader, holding for 3-5 days if you’re a swing trader. The volume spikes, a lot of people like those new 52-week high and lows, ruin oscillators I mean my gosh, right? Bollinger Bands stuff, it’s just crazy how many things they have out performing individual stocks or indexes and the list goes on and on, and that’s pretty cool. So let me also show you this so, actually we don’t go in there.

You won’t trade the same way every day for years to come. However, your screener app can move with you so that you never get lost in the weeds and forget what sorts of stocks you’re watching. Momentum or trend-following setups are based on a different concept from that of mean-reversion strategies. Unlike the mean-reversion concept that tries to benefit from price correction from an overstretched move, momentum setups indicate the price potential to continue moving in its present direction. A buy setup is formed when the price falling below a predetermined level below the moving average.

If your method does not have a high enough win rate then the risk of ruin will be greater due to the inevitability of an idiosyncratic loss or consecutive losers. With transaction costs, slippage, and the competition from the machines, it’s really a fools errand. Remember, your primary goal after creating your chart setup is to have easy access to the information you need to make profitable trades. By optimizing your charts you will make better decisions that, in turn lead to better and more profitable trades.


The goal of these arrows is to force the https://forexarticles.net/rs to scale in & out of trades which is in my opinion crucial when… The right stock screener app can greatly enhance your trading and help you identify more profitable trading opportunities. Decide which stocks you want to screen, how the news should impact your decision-making and when to ultimately buy or sell. In this video I talk about how to use Momentum and Moving Averages to create a momentum swing trading stock scanner.


TradingView is a good starting point for trading beginners with a limited budget and moderate demands. I’ve intensively tested and reviewed every free and paid tool, app and platform to identify the best stock screener and compiled this list of the best ones. Besides the features and functionality insights, you will find all details about the costs and discounts in the list below. For as long as it remains in an upward bullish trend.

Only testing multiple tools allows for the best possible conclusion. The price paid for a stock screener should also be in the right ratio to the overall investment budget. Yahoo Finance falls into the same category as Stock Rover and Finviz, where Stock Rover takes the lead with the best cost/benefit ratio. But, like similar free tools with similar functionalities, they cannot scan for things like pink sheets, OTC stocks, holy grail, dividend yield, profit margins, and candlestick patterns.

@mn88 This is something I wrote for Victor Niederhoffer’s spec-https://bigbostrade.com/ over the weekend. Notice there is no mention of indicators, nor trendlines, nor traditional chart formations. Focusing on scanner and pick what to add to my chart. When I get back to my computer, I’ll add these and share some pics of my paper trades last week. When I added the “Show Trades” check box, it was eye opening.

TradingView – Best Stock Screener App with Global Market Data

Let’s link Live News to our charts so that when we switch from one stock to another, the news and press releases change with them. An effective way of finding swing tops and bottoms on a chart. This indicator detects both, history-tested and potential swing highs and lows. The next step is to accurately track and monitor each and every trade to continue your growth as a trader or investor. To do that fast and without the recurring charge of other platforms. Take a look at this one of a kind tool designed to keep you up to date on everything happening within your trading accounts.


My basic screening filters are quite simple yet very effective. We also show you how to check which sectors are performing well. Trading stocks that are in a strong performing sector greatly increases your odds of being right. As mentioned before we need to stack the odds as much as possible in our favor. The primary issue is that TC2000 PCF language is not a full programming language. It’s just a lightweight scripting language, which is plenty powerful for lots of bar by bar price patterns, but not complex geometrical shapes.

Now that we have our universe of stocks chosen and basic filters in place, let’s get into the specific patterns we’re interested in. I only want to trade stocks that are at least moving an average of 30 cents each day. I’ve recorded a supplementary video below, covering more of the setup process in TC2000 if you are interested in duplicating these same scans in your own environment. I am not a fan of exotic moving average types, and I tend to stay with simple and exponential moving averages. It all depends on your personal preference and the type of trader that you are.

Scanz makes it easy for swing traders to spot potentially profitable setups. Whether you use one of the scans above or bring your own swing trading strategy, the Breakouts module and Pro Scanner can help ensure you never miss a signal. The Breakouts module is a great place for swing traders to start in Scanz. The Price Breakouts filter allows you to quickly spot stocks that are crossing above or below a moving average, which is a starting point for many swing trading strategies. Stock scanners are one of the most important tools that a trader needs to become successful.

Set up MovAvg Exponential on the first line and choose green, as in the first chart (see Fig. 8). They are very close to each other, so it doesn’t really matter. If you want to look at specific timeframes that are not used by default in TOS, scroll down to the bottom of the timeframe list and click on Customize list. Section Favorite Time Frames, Add Time Frame and select the option you need (see Fig. 5). Go to the chart settings again and make the same settings as in the 1st. Apply the settings to see on the chart – Apply and Ok.

Swing Trading with the Breakouts Module

Click and see different colors corresponding to the numbers. Now we link the fields so that they correspond to the same link, for this we select, for example, the red link to all 4 charts . In the upper right corner under the button “OnDemand” find a rectangle and click on it.

  • You can return to your charts at any time and link the scanner to the chart .
  • Now you can see all types of studies on the graph (see Fig. 8).
  • Now lets look at the three trades that presented themselves represented by the green highlighted circles.
  • Today I’m looking for a breakout or breakdown from yesterday’s trading range and using a stop order to enter.
  • With this service, you will get real time streaming alerts on a tick by tick basis to find intra day trading opportunities.

In a sideways market, prices are more likely to stay within the bands. It has a nice charting platform with multiple indicators, ability to draw trend lines, Fibonacci retracements, etc. Really, this service is a charting, scanning, and trading system all in one. If you are an intraday trader, it is imperative that your trading is as accurate as possible, with the best entries and exits, so set and apply the settings correctly. There is a small gear on the right side of this list.

Therefore each investment style has specific requirements. Trading signals, backtesting, automated trading and live-trading broker API connections for $228 per month or $1,999 annually. When moving averages of various periods are all within the same general area as one another , we get a great list of stocks that have been consolidating sideways. But finding quality trade ideas that fit my trade plan as an active trader is necessary, and that’s why scanning is so important and such a time saver. Other than finding trending markets, the ADX indicator is also useful for finding sideways market. This one-line scan zooms in on sideways markets where range trading setups like the Gimmee Bar have a higher success rate.

This is a popular https://forex-world.net/ analysis software program among traders. It has so many features that it would take forever to list. You can create your own scans, watch lists, get access to proprietary technical indicators, and view streaming real time charts. With swing trading setups, you can scan stocks for swing trading. Fortunately, there are a whole lot of options with swing trading where you can learn the correct procedures to be effective. The best stock scanner for day trading is Trade Ideas.

Prior successes and past performance with regards to earnings and income are not an indication of potential future success or performance. The bottom of the page contains a bar chart to see each currency’s 1-day relative chart. This list varies throughout time and can be adjusted. The Swing Trading Strategy is excellent for cutting losses.

We do not track the typical results of our past or current customers. As a provider of educational courses, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole. Ross Cameron’s experience with trading is not typical, nor is the experience of traders featured in testimonials.

Day Trading Version

Now in our window with a watchlist we see the% change in the share, volume. I will choose white for the VWAP indicator to distinguish it from the moving averages. Here go to the UpperBand section and uncheck the Show plot box.