The IBKR integration offers trading and portfolio management with low-cost trades directly from Trade Ideas. If you are approaching the market with a mathematical and logical mind, you may have a hard time succeeding in trading. Trading for a living doesn’t require a high IQ or a degree from an Ivy League school, but it requires a different set of skills. If you are interested in finding stocks with low float, check out the list of stocks with low float.


Daytraders get the most benefit from these types of stock scanners. When used correctly, scanners can help the user cut through the noise in the markets to channel the focus on the most qualified candidates. However, it important to realize that scan results are meant only as a filter.

The stock had just dropped significantly to a new swing low, and had just started to turn higher. Most stocks that make a new swing low, don’t make massive leaps right after. It will work ok, list of stocks will be just a bit bigger. The point of the scan is to find stocks that are stronger than average, or stronger than S&P 500 . Use this screening method to stay on top of hot stocks, see them set up, and have your orders placed for when they explode.

Type Bid/Ask in the search field

Your customized desktop scanner may spit out 3 candidates within seconds of qualifying whereas an online scanner may spit out 50 candidates within minutes of qualifying. With your watch list scan, you should already be familiar with the stocks and their tradability, whereas many of the stocks on the universal scan may be completely foreign to you. The pattern scanner scans for various technical indicators and stock chart patterns for finding trade setups. Traders can use our stock screener to find breakout, momentum, and trending stocks as well as stocks that are currently trading at a bargain. Following are some popular stock scans that are included with our stock scanner. Scanner in HAMMER is tied to a Portfolio window, where you can add a scanning algorithm.


And, following the AI’s trades will get you into more profitable opportunities. RSI Screener – RSI is a popular indicator to find overbought and oversold stocks. Use the RSI stock screener to find these types of stocks on your fingertip.

This scanner will pull up stocks that are hitting a new intra-day high on high relative volume. Day trading is a difficult career that we can make a little easier by using the best tools. That’s why I and my team built the Warrior Trading Stock Scanners with the same best practices and strategies which undergird our courses.

Real-time quotes, advanced visualizations, backtesting, and much more. Once you’ve found some candidates to possibly trade, it’s time to select which strategy works best for that IV rank and the directional assumption which we’ll cover in the next set of videos. Or if you have a broad range of investments you can easily go through all of them and see which ones are expected to do nothing for the time being. This can be checked on all desired time frames including custom ones of your preference. StocksToTrade in no way warrants the solvency, financial condition, or investment advisability ofany of the securities mentioned in communications or websites.

These filters will generally help you find stocks with higher volatility and liquidity, making for prime trading opportunities. Another way traders can scan for stocks is using a longer time frame. Day traders can start the night before or early in the morning to build a list of stocks that looks promising. When the opening bell rings, the day trader can start watching each stock they have scanned and execute a trade when they find their criteria being met. However, this is where discipline and patience come into play; it’s a constant routine to find stocks that meet your criteria, so you can decide to trade. Looking for a quick way to filter out all of the low quality stocks gapping up and down everyday?

They have the resources and a deep bench of analysts to help them search the vast universe of stocks and sort through mountains of data. The New York Stock Exchange alone has 10 markets and more than 2,400 company stocks, and that’s not counting an additional 3,300 on the NASDAQ. Too many indicators can often lead to indecision and antacids. If you have limited time, create your process around that. You can easily limit scanning, and the analysis, to about 20 minutes an evening.

How to use our technical stock screener?

This list shows the stocks that are moving big right now…that are making big moves AFTER the open. The smaller the list, typically the easier it is to find trades. If you try to watch too much, you may end up missing the opportunities when they occur.

There are a number of free stock scanners available online and many broker platforms contain scanners as well. The principles behind how this trade idea is turned into criteria to be scanned for are the same. The parameters may vary slightly depending on your platform, but the few we’ll be using today should be fairly common.

This one-line scan zooms in on sideways markets where range trading setups like the Gimmee Bar have a higher success rate. In this video, we’re going to go through my process for scanning for the best stocks and setups to trade. First, I’m going to assume that before scanning, you already have a good idea of your portfolio balance, or your beta weight, from previous video tutorials here at Option Alpha. By setting up your scanner to search for Inside bars you can narrow down the list of stocks on your watch list to only those that show signs of a potential breakout. Powerful trading scanners using any or all pre-programmed indicators, formulas or custom logic.

  • The more you work with a stock screener, the better you become at narrowing down your choices to the best investment opportunities for you.
  • However, that does not mean that we cannot scan for price action patterns.
  • This website is neither a solicitation nor an offer to Buy/Sell futures or options.
  • This one-line scan zooms in on sideways markets where range trading setups like the Gimmee Bar have a higher success rate.
  • We’re going to show you exactly how you can start uncovering golden trading opportunities by harnessing the power of advanced market scanners.

For on how to enter and exit day trades, see How to Day Trade Stocks with a Trend Strategy. Quickly find investment opportunities using our predefined and custom technical scans. Both kinds of scans search our entire database of tens of thousands of ticker symbols, returning only those that meet your exact technical criteria. Predefined scans are available to all users, and screen for commonly-requested criteria. Custom technical scans put Extra and Pro members in the driver’s seat, empowering them to scan based on their own custom technical criteria. The high of day momentum scanner is my go-to scanner when premarket activity is light and I don’t have much to watch.

Use this screening method to stay on top of hot stocks, see them set up, and have your orders placed for when they explode.

This will help you make your watchlist for the next trading day. We have included the pseudo-code for each scan so that you can adapt them easily for your market scanner. Again, it’s a very easy intuitive way for you to come in here and start scanning for trades.

The moving average is a lagging indicator since it is derived from price moves and prints that have already happened. The moving average is, by its nature, a trend following indicator. To use our technical stock screener, one must already be familiar with the different types of technical indicators and stock chart patterns. The Impulse System scan is a handy tool for swing traders even if you do not trade its signals. Avoid trading against the Impulse momentum to minimize bad trades.

The information provided by, Inc. is not investment advice. Join Grayson Roze, VP of Operations at StockCharts, as he takes you on a tour of our scanning tools. He covers our predefined scans, the advanced scan workbench, and demonstrates how to run scans directly from ACP, our interactive Advanced Charting Platform. Your results may differ materially from those expressed or utilized by Warrior Trading due to a number of factors. 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.

You will have to decide what type of analysis is best suited for the type of trades you plan on making trades and ythe style of trade you plan to make. For longer-term Investment and swing trading purposes, a fundamental scanner is ideal. For trading opportunities intra-day or short-term swing trading, a technical scanner is most suitable.

Impulse System Scan – Using Momentum as a Guide

So, to help you run your first maximize your marketing time in just a couple of clicks, we’ve built a simple “New 52-Week Highs” scan for you. Stocks that have just recorded a new high are leaders and in an uptrend; they’re definitely worth a closer look. Ross Cameron’s experience with trading is not typical, nor is the experience of traders featured in testimonials.

Nightly Scans

Past performance of a security or strategy is no guarantee of future results or investing success. Unless you have a way to identify news like that which would likely require having a lot of knowledge of the company itself . Looks like it got a lucky break higher on news with a big gap up.

You are now leaving the TD Ameritrade Web site and will enter an unaffiliated third-party website to access its products and its posted services. The third-party site is governed by its posted privacy policy and terms of use, and the third-party is solely responsible for the content and offerings on its website. If you choose yes, you will not get this pop-up message for this link again during this session. Volume is a default indicator, so there’s no need to add it.

All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market.

These predefined scans can be a great starting point for creating your own custom scans. Most of these stocks will have some kind of news which is exactly what I am looking for; a stock with a news catalyst that is active in the premarket. You can access our custom news service directly from the Scanners to learn more about a stock’s catalyst. This is not an effective method of day trading because typically there are only 5–10 stocks in play each day, out of the several thousand stocks available to trade. I consider a stock in play if it is surging up or down more than 4% with a strong catalyst. Check out this step-by-step guide to learn how to scan for the best momentum stocks every day with Scanz.