Getting Started

Market Scan Filter Definitions

User Guide: Lesson


General Filters

Trading Stocks Only: activating this filter will ensure that only stocks that are trading will be considered by the Market Scan. Exchange: restrict a Market Scan to one exchange at a time, this filter considers all of the North American stock exchanges covered by Stockscores.com
Market Cap: limits your search based on the market capitalization of the stock, which is number of shares multiplied by price.
Scan stocks within portfolio: limits your search to stocks that you have put in to a Portfolio.
Scan stocks within sector: limits your search to stocks from a particular market sector.

Stockscores Filters

Rows to Return: the number of stocks that will be revealed in the results table when you do your market scan. The default setting is 100. If you are doing a very broad market scan, it may be necessary to increase this (to a maximum of 999) to see all stocks that meet the requirements of the Market Scan. However, if the Market Scan settings are too broad, the results table can be too large to manage, and it may not be constructive to view the charts of so many stocks.
Signal Score range: set the range of Signal Stockscores to appear in the results of a user's Market Scan. Generally, stocks that may be predicting something positive can have a Signal Stockscore of greater than 80, and something negative can have a Signal Stockscores of less than 20.
Sentiment Score range: set the range of the Sentiment Stockscores to appear in the results table. Generally, stocks with Sentiment Stockscores of greater than 60 have an optimistic mood, and may be suitable for purchase.
Score rating: Based on the Signal Stockscore, this filter simplifies the range search tools by allowing the user to select stocks that have a Signal Stockscore in the Bullish, Optimistic, Neutral, Cautious or Bearish range.
Signal moves: use this tool to identify stocks whose Signal Stockscore line is crossing above or below important score levels. It compares what the Signal Stockscore was on the previous day to what it is today, and determines whether the user's crossover has occurred.
Sentiment moves: use this tool to identify stocks whose Sentiment Stockscore line is crossing above or below important score levels. It compares what the Sentiment Stockscore was on the previous day to what it is today, and determines whether the user's crossover has occurred.

Price Filters

Price: restricts a search to stocks within a specific price range. For example, if you are seeking stocks priced above $10 a share, set the filter to >= 10. You can not include the $ sign when entering values. 
Abnormal Activity: statistical analysis makes it is possible to predict what a stock should do on the next trading day based upon the stock's historical volatility. This indicator measures what the stock actually does compared to what it should do, and highlights stocks that make statistically significant abnormal gains or losses. The hypothesis is that stocks that behave abnormally may be doing so because of new information. This indicator allows the user to scan the market for stocks making abnormal gains or abnormal losses. 
Gap: an indication of whether this security had a gap in prices between the most recent trading day and the day prior. An Up Gap means the low for the most recent trading day is higher than the high of the previous trading day. A Down Gap means the high of the most recent trading day is lower than the low of the previous trading day. Up Gaps are positive and Down Gaps negative. 
Candle: based on the Japanese charting technique, this is a measure of very short-term supply and demand for a security. A Bullish Candle is one where the close of the most recent trading day is higher than the open, and a Bearish Candle is one where the close of the most recent trading day is below the open. A Neutral Candle is one where the stock closes where it opened. 
Short Term Moving Average: an indication of the 15-day moving average slope. A bullish rating represents a positive slope, and a bearish rating represents a negative slope. 
Medium Term Moving Average: an indication of the 45 day moving average slope. A bullish rating represents a positive slope, and a bearish rating represents a negative slope. 
Long Term Moving Average: an indication of the 100-day moving average slope. A bullish rating represents a positive slope, and a bearish rating represents a negative slope. 
Gain/Loss: the percentage gain or loss between the most recent trading day and the close 1, 10, 20, 60 or 200 days prior. 
Price of 40 day high: what percentage the current day's price is compared to the 40 day high. If the stock is above the 40 day high, the value will be greater than 100%. 
Price of 80 day high: what percentage the current day's price is compared to the 80 day high. If the stock is above the 80 day high, the value will be greater than 100%. 
Price of 150 day high: what percentage the current day's price is compared to the 150 day high. If the stock is above the 150 day high, the value will be greater than 100%. 
Price of 40 day low: what percentage the current day's price is compared to the 40 day low. If the stock is below the 40 day low, the value will be less than 100%. 
Price of 80 day low: what percentage the current day's price is compared to the 80 day low. If the stock is below the 80 day low, the value will be less than 100%. 
Price of 150 day low: what percentage the current day's price is compared to the 150 day low. If the stock is below the 150 day low, the value will be less than 100%. 
MA Crossover: based on the popular technical analysis theory that moving average crossovers can indicate a change in trend, this indicator allows the user to seek stocks that have a moving average with one time duration crossing above or below a moving average with a different time duration. 
Volatility Index Today: a stock's volatility is a good measure of a market's level of uncertainty. The more volatile a stock is, the more uncertain the market is about what the company is worth. The Volatility Index Today is an interpretation of the Volatility Ratio indicator, and measures the volatility of the stock relative to the stock's normal volatility. Ratings are high, medium and low. 
Volatility Index Yesterday: the measure of the Volatility Index on the day prior to the most recent day's trading. Stocks that move from low to high volatility in one day are often trading on significant new information. See Volatility Index Today. 
Volatility 10 Day: represents the slope of the Volatility Ratio indicator line over the past 10 days, and determines whether the stock's price volatility is increasing or decreasing over that period. 
Volatility 20 Day: represents the slope of the Volatility Ratio indicator line over the past 20 days, and determines whether the stock's price volatility is increasing or decreasing over that period. 
Volatility 40 Day: represents the slope of the Volatility Ratio indicator line over the past 40 days, and determines whether the stock's price volatility is increasing or decreasing over that time period. 
Short Term Consolidations: determines whether this security is entering a consolidation phase over the short term, that is, a period of decreasing volatility. 
Medium Term Consolidations: determines whether this security is entering a consolidation phase over the medium term, that is, a period of decreasing volatility. 
Long Term Consolidations: determines whether this security is entering a consolidation phase over the longer term, that is, a period of decreasing volatility. 
5 day Support: a floor price over the last five days of trading that represents a psychological barrier for the market. 
15 day Support: a floor price over the last 15 days of trading that represents a psychological barrier for the market. 
80 day Support: a floor price over the last 80 days of trading that represents a psychological barrier for the market. 
5 day Resistance: a ceiling price over the last five days of trading that represents a psychological barrier for the market. 
15 day Resistance: a ceiling price over the last 15 days of trading that represents a psychological barrier for the market. 
80 day Resistance: a ceiling price over the 80 five days of trading that represents a psychological barrier for the market.

Volume Filters

Abnormal Volume: determination of whether the volume traded today is statistically significant or, more than expected based on the historical volume traded of this security. 
Today relative to 20 day volume average: is the stock trading more or less volume than the average volume over the past 20 days trading. 
Today relative to 150 day volume average: is the stock trading more or less volume than the average volume over the past 150 days trading. 
Williams Volume Accumulation: an indicator that uses price and volume traded to determine the degree of stock accumulation or distribution. Essentially, it is a moving average of the amount of stock traded on up days versus down days. Analysts use this indicator to measure whether the market activity is Bullish or Bearish based on supply and demand. 
Volume Price Trend: similar to the Williams Volume Accumulation indicator, the Volume Price Trend indicator measures the momentum of the price activity of a stock weighted by the volume traded. When this indicator is positive, the indication is Bullish and Bearish when this indicator is negative. Traders often look for the point where the indicator crosses over from one rating to another as an indication of a change in trend. 
Volume*: the number of shares that have traded in the stock during the most recent day. During market hours, this indicator extrapolates what the stock will trade if the present trend of volume continues through out the day. This makes it possible to apply strategies that have volume criteria during trading hours. 
$Value Volume: the dollar value of shares that have traded in the stock during the most recent day. During market hours, this indicator extrapolates what the stock will trade if the present trend of volume continues through out the day. This makes it possible to apply strategies that have volume criteria during trading hours. 
Number of Trades*: the number of trades that have occurred in the stock during the most recent day. During market hours, this indicator extrapolates what the stock will trade if the present trend of volume continues through out the day. This makes it possible to apply strategies that have volume criteria during trading hours.

Momentum Study Filters

Stochastics: based on the hypothesis that stocks tend to close at or near their daily highs just prior to the stock topping out and suffering from profit taking, or, that stocks tend to close at or near their daily lows just prior to the stock bottoming out or benefiting from bottom fishing. This indicator measures whether a stock appears Overbought or Oversold. The Overbought condition implies the stock is too high and likely to head lower, and the Oversold condition implies the stock is too low and likely to head higher. This indicator works well for stocks that are trading in ranges, but is often ineffective when a stock is making an abnormal directional move because of a significant change in the underlying company's fundamental value. 
RSI: relying on the recent price change over the past 10 days, this indicator considers this price change to determine whether a stock appears Overbought or Oversold using the idea that stocks which make strong moves in one direction or another tend to encourage profit taking or bargain hunting. The Overbought condition implies the stock is too high and likely to head lower, and the Oversold condition implies the stock too low and likely to head higher. 
MACD: this indicator utilizes two exponential moving averages of different time duration to measure the price momentum of the underlying security. An exponential moving average of the difference of these two averages provides the MACD signal line. If the difference between the MACD and the MACD signal line is positive, this indicator is deemed Bullish, if it is negative, Bearish. Technical analysts also consider the plot of this difference and seek divergences between the plot and the performance of the stock as an indication of possible trend change. 
Short Trend: using the slope of the recent 10 days trading activity, this indicator measures whether the 10-day trend is Bullish or Bearish. 
Medium Trend: using the slope of the recent 40 days trading activity, this indicator measures whether the 40-day trend is Bullish or Bearish. 
Long Trend: using the slope of the recent 100 days trading activity, this indicator measures whether the 100-day trend is Bullish or Bearish.

Tips and Tricks

  • If you find that you are getting too many results from a Market Scan, try adding more filters to the scan. Often, limiting your search to an individual exchange or price range of stocks is a good way to shorten the results list from a Market Scan.
     
  • To test a strategy, do a particular Market Scan on a regular basis and save your chart picks in a Watchlist to check in the future. Go back and view the Watchlists later to see how some of your picks performed.