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    Blog Posts Tagged with Filters

    How to Scan for Range-Bound Stocks

    by TraderMike •

    I got an email a little while ago asking me how to find range-bound stocks. I started my response with

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    Several New Scan Filters

    by TraderMike •

    I just added several new scan filters, so you can now get even more specific with the type of stocks you're scanning for.  The new filters are:

    • Closing Price vs. Previous Day's High or Low
    • Volume vs. Previous Day (greater than or less than)
    • Closing Price vs. 10-Day Moving Average (above or below)
    • Closing Price vs. 20-Day Moving Average (above or below)
    • Closing Price vs. 50-Day Moving Average (above or below)
    • Closing Price vs. 200-Day Moving Average (above or below)
    You'll find them on the "Advanced Filters" tab on each scan's search form.  Here's a screenshot:
    ma_and_prev_day_filters.png 282.1 KB
    Enjoy!

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    New Intraday Alerts Functionality

    by TraderMike •

    Here's a rundown of a few things I've added around Intraday Alerts:

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    Filter Scans by Stocks with Options & Weekly Options

    by TraderMike •

    For a few months now, you've been able to filter scan results by stocks with options (which are optionable).  Earlier this week, by request, I also added the ability to filter by stocks which have weekly options.  Here is where you can find those filters:

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    New Feature: Scan Within a Date Range

    by TraderMike •

    Scanning for a given pattern / signal over a range of dates is a feature I've wanted for a long time.  A nice side-effect of the recent change I made to the way things are stored in the site's database is that it's now much easier for me to build that capability.  Over the last couple of weeks I received a few requests for adding a date range to the scans.  So starting today paid subscribers will be able to run scans across a date range.  You'll see that there's now an end date as part of the search / filter criteria.

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    Market Cap Scan Filter Plus More Fundamental Data

    by TraderMike •

    I have some good news for the many people who have asked me for a market cap scan filter.  As of today you can finally filter by that piece of fundamental data,  You'll see a couple of new parameters in the form where you enter your scan criteria.  Those news parameters allow you to choose values for a minimum and a maximum market cap.

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    New Feature: Sort the All Stocks Page... Plus Volatility

    by TraderMike •

    By popular demand, you can now sort the stocks in the "All Stocks" page!  When I first created that page I never thought people would actually use it -- I really made it so that search engines could index the site easily.  But, increasingly over time, people have been asking for the ability to sort the list of stocks, mainly because they wanted to sort by the letter grades.

    Well I've enabled that plus sorting by other columns as well.  You can simply click on the column header you wish to sort by.  The first click will sort ascending and a subsequent click will reverse the sort.

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    New Feature: Define Your Tradable Universe of Stocks

    by TraderMike •

    People who are subscribed to one of the Pro plans can now specify the default search criteria for all of the scans on this site.  I think of this as defining your "tradable universe" of stocks.  Until now, by default the scan pages loaded with some settings that I chose -- minimum average volume of 250,000, minimum price of $10/share, stocks only -- no ETFs...  If you wanted something different, you had to adjust the settings every time you ran a scan.  This new feature will allow you to narrow the scan results down to exactly the type of stocks (and/or ETFs) that match what you're comfortable trading.

    Well now you can set your own default values once and have them applied whenever you load a scan with no parameters.  You can reach the 'Scan Preferences' page via the main menu.  Go to Account -> Settings -> Scan Filter Settings.  You'll be presented with the form below. 

    Just choose the values you want and click save.  From then on the scan result pages will only show stocks which are in you 'tradable universe'. (Unless you click a link which has different parameters embedded into itself.  Some of the links on the site are like that.)  You will still be able to manually adjust the parameters if you so choose, just like before.

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    What the Stock Ratings (Grades) Mean

    by TraderMike •

    When viewing a stock's page or a scan results listing you'll see a rating for each stock. That rating will be A, B C, D or F. You can think of these ratings as basically a relative strength rating. The bot ranks all of the stocks according to a proprietary algorithm and then assigns A grades to the top 20%, B grades to the next 20% and so on.

    As of this writing, the algorithm only takes technical factors into account. I hope to fold in some fundamental elements into the mix in the near future. It's important to note that these ratings are *not* predicting any future actions -- they're backward looking.

    How I use the Ratings:

    I use the ratings as a quick way to see if a stock is strong or weak. I like to buy strength and sell weakness, so when I'm looking for stocks to buy I'll filter my stock scan results to only show me A's or B's (and maybe C's).  Conversely, when I'm looking for short sale candidates, I'll filter the scan results to only show me D's and F's (and maybe C's).

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