I note that charts on SwingTradeBot are from TradingView. TradingView is my preferred charting site. Strongly trending stocks are marked on TV by longs strings of Blue (Buy) technical ratings or Red (Sell) technical ratings.
TradingView's own screening system is unable to screen for changes in their own tech ratings. My trading results would improve (possibly significantly) if I could find stocks whose technical ratings have shifted from red to blue within the past one to two days.
Is this a Scan/Signal SwingTradeBot could provide?
T
TraderMike
about 1 year
ago
Good question... So I don't have access to TradingView's ratings, so SwingTradeBot can't provide any scans for exactly that. (The charts are just a widget that TV provides & is essentially a marketing tool for them) Something SwingTradeBot does have which might be a tiny bit similar are the "Grade Rose To" and "Grade Fell To" scans.
I just checked out the "Grade Rose To" scan. The only populated grade change is "A", which looks really strange. On page 5 is AXON, a stock I just sold earlier this morning. The chart doesn't look like it would support a "B" to "A" raise yesterday, and in my portfolio it has been an "A" for several days (not just yesterday). Since I can't access a daily history of grades for any stock, I have to wonder if the scan is working properly.
You can see the history of a stock's grade by looking at its historical trend table page (which is linked from the stock's main page). Here's the last 3 days for AXON, showing it went from an A to a B & back to an A:
The historical trend table page is an eye-opener that I didn't know I could access. Thanks, Mike, for enlightening me. If there's a weak part of SwingTradeBot, it's ease of navigation. But that's a topic for another day.
Did you happen to check out why the "Grade Rose To" scan works only for "A"? Surely the market is not so stagnant that there are no rises to "B", "C", etc.
So I just checked your account and you do indeed have a DEFAULT scan parameter set to only look for grade A stocks. So the scan is doing exactly what you've instructed it to do by filtering out all non-A rated stocks by default. You can either change your default settings or manually adjust the filters on the scan page.
I see lots of results for all the grades. Is it possible that you have a scan parameter than is filtering out the other results? Do you have a grade filter applied as well?
