- #Stock charting software that remembers custom lines full
- #Stock charting software that remembers custom lines plus
That’s where we are now as of mid-April 2020, represented by the red line. It is rare for only 20% of stocks to be passing this scan as represented by the narrow part of the graph. That means that historically 55% to 85% of stocks usually pass this scan. The graph is widest between the values of 55 and 85. The horizontal lines on the graph summarize how many stocks were typically returned by this scan. The red line shows 20% of stocks are higher right now (mid-April 2020) than they were 26 weeks ago. The scale is set to show % of stocks passing instead of count of stocks passing. This summary is historically measuring how many stocks in the S&P 500 are higher than they were 26 weeks earlier.
Let’s take a look at an example using the same scan condition as above. See how your scan is performing now versus how it normally performs. Historically test your conditions on-the-fly.
It’s nice because it doesn’t use up space on your chart and it’s a quick way to:
#Stock charting software that remembers custom lines full
You can think of a scan plot summary as an abbreviated view of a full scan plot. After it’s added, you can click on it to edit. Tip: A quick way to add a new scan plot to a chart is to press the "/" key or hit the "+" button at the top of the chart to add a plot. It’s interesting to monitor how broad numbers of stocks behave in various market conditions. When you plot your own scans, you may be surprised what you see. The chart is updated through mid-April 2020 and shows 99 out of the S&P 500 are up over the last 26 weeks. Back in 2008/2009, almost no stocks were up over the previous 26 weeks. You’ll find them under the EasyScan button on the main toolbar, in EasyScan watchlists or condition editor dialogs.īelow is another example of a scan plot that simply counts how many stocks in the S&P 500 are higher than they were 26 weeks earlier. You can create a scan plot from anywhere you see this button. The scan plot appears to surge each time the SPY daily chart pulls back giving you a good feel of how many stocks are ebbing and flowing with each swing. This in theory would count how many stocks are oversold, or at least pulling back. The condition is counted against the HighCap 1000 watchlist. Even simple conditions make for interesting graphs.īelow is an example of a scan plot for RSI is less than 25. Now with Platinum, you can create custom historical counts on any watchlist, any conditions, any timeframes. The advance/decline line is simply a count of how many stocks are up versus how many are down for the day. They are typically called market breadth indicators. Counting stocks that pass conditions to create market indicators is not new. They can make for good market timing indicators and are useful for checking if your scan conditions are too strict or loose. Scan plots show how many stocks pass your scan historically. The premarket watchlist can be used for scanning & sorting. As new stocks trade in the morning, they will automatically by added to this watchlist. You’ll find it under the WatchLists button on the main toolbar. You may wish to work from the "Premarket" watchlist to make sure you are only viewing stocks with activity today. It can be confusing to see pre-market stocks mixed in with stocks that last traded yesterday (especially when you sort & scan). IMPORTANT: Not all stocks trade in the pre-market.
It’s a great way to get a jump on your trading day and find stocks with overnight news and rumors. While in this mode, the "Volume Buzz" watchlist column will change to "Pre Buzz." Sort by this column to see which stocks have unusual activity.
#Stock charting software that remembers custom lines plus
When you see the "Pre-Market" label plus the clock, this means pre-market data is streaming to your charts, watchlists, scans & sorts. Toggle this mode on and off in the top right corner of TC2000. Pre-market mode turns on streaming data before the market opens in the morning. Gold or Platinum Required - Real Time Data Feed Required
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