Overview of Day Trading Scanners
Stock scanners are one of the most important tools that I use as a trader. Over the years I have developed a suite of scanners that can identify stocks in real-time that meet my criteria for being a home run setup. I have spent a tremendous amount of time customizing my high of day momentum scanner. The HOD scanner is my strongest scanner and it’s the one that gives me some of my biggest winners. Recently I made over $11k in 1hr based on a trade I took off this scanner. Additionally I have developed reversal and RSI extreme scanners to help traders who prefer to take counter trend trades find opportunities.
Free download for Trading Course Students
My Trade-Ideas Layout and Custom Trading Scanners are the product of years of trading experience and fine tuning. This package includes OVER 20 unique scanners.
These are the tools I use to base 90% of all my trades. The only trades I execute outside these scanners are trades based on Breaking Intraday news.
Scanner Settings are immediately downloadable upon purchase. You will receive an email with the download links.
High of Day Momentum Scanner
1. Low Float $1-10
2. Low Float & Massive Volume $1-10
3. Daily Breakout
4. Massive Volume $1-10
5. Massive Volume $10+
6. Medium Vol $10+
Under $10 (with audio alerts)
1. Massive Volume
Reversal Multi-Alert Window
1. Jeff’s Custom Reversal Scanner V5
2. Ross Variation of Reversal Scanner V8
3. Small Cap Reversal Scanner (under $15)
High Low RSI scanner for Reversal Trades
Consecutive Red/Green Candle Scanner for Reversal Trades
Surging Up Scanner
Looks for stocks making quick moves up on strong volume. I always look for volume in the markets, this scanner tells me the top 10 stocks with the most volume and momentum at any given moment.
How to Install and Use Scanner Packages
All of our Scanners have CUSTOM INDICATORS and you need to add those to your Trade-Ideas account. Here are the instructions.
Go to custom formulas – formula editor
Create new formula ‘U0’
paste this: ([Price]/100)*[VWAP]
Description: VWAP $
Units leave blank
Create new formula ‘U1’
paste this: ([Price]/100)*[5SmaLa8]
Description: 8 SMA Distance
Please Note: You need an active Trade-Ideas subscription to utilize this scanner package.
Student Case Study: Quits his Job & Makes $196k Day Trading