Alerts & Filters in Power E*TRADE Pro Strategy Scanner

Alerts & Filters in Power E*TRADE Pro Strategy Scanner | E*TRADE FINANCIAL | Page 1 of 67

Alerts & Filters in Power E*TRADE Pro Strategy Scanner Power E*TRADE Pro Strategy Scanner provides real-time technical screening and backtesting based on predefined and custom strategies. With custom strategies, you can not only select and customize alerts, but you can also set filters to further define the types of stocks and situations that will qualify. This degree of customization can make your strategies even more focused and precise, and give you a significant edge in the markets. This document provides descriptions for all Strategy Scanner alerts and filters. Click either of the following links to navigate directly to a particular section: Alerts – Technical alerts and chart patterns (e.g. new highs/lows, moving average crossovers, and double bottoms) Filters – Conditions that must be met for an alert to be generated (e.g. minimum/maximum price, volume, and gap size) To set alerts and filters for your strategies, simply select Strategy Setup from the My Strategies menu in the Strategy Scanner window. This will bring up the Strategy Alerts tab of the Strategy Setup dialog box, where you can select and customize the alerts in your strategy. Click the Strategy Filters tab to customize filters. For more information on setting alerts and filters, please visit the Power E*TRADE Pro Help Center.


STRATEGY SCANNER ALERTS Icon Name Description Quality Field

New High

New highs or lows for the number of days specified in the Quality field. Also shows the number of days since the price was higher or lower.

Number of days used to determine new highs or lows. The default is 0, which will return all new highs and lows for the day’s current session; a value of 365 will return results based on prices over the past year.

New Low

New High Ask

New high asks or low bids (based on prices during the current session) for a minimum number of shares. Not active in the 30 seconds before or 60 seconds after market open.

Minimum number of shares attached to new high asks or low bids for the day’s current trading session. New Low Bid

New High (Filtered)

Filtered new highs or lows for the number of days specified in the Quality field. Also shows the number of days since the price was higher or lower. Unlike unfiltered new highs (above), when the price of a stock changes many times in quick succession, only one of these alerts will be generated (typically no more than one per minute). Exception: If the price increases more than the stock’s volatility would suggest, a new alert will be shown.

Number of days used to determine new highs or lows. The default is 0, which will return new highs and lows for the day’s current session; a value of 365 will return results based on prices over the past year.

New Low (Filtered)



New High Ask (Filtered)

Filtered new high asks or low bids (based on prices during the current session) for a minimum number of shares. Not active in the 30 seconds before or 60 seconds after market open. Unlike unfiltered new high asks and low bids, when the price of a stock changes many times in quick succession, only one of these alerts will be generated (typically no more than one per minute). Exception: If the price increases more than the stock’s volatility would suggest, a new alert will be shown.

Minimum number of shares attached to new high asks or low bids for the day’s current trading session

New Low Bid (Filtered)

New High Bid (Filtered)

Filtered new high bids or low asks (based on prices during the current session) for a minimum number of shares. Not active in the 30 seconds before or 60 seconds after market open. When the price of a stock changes many times in quick succession, only one of these alerts will be generated (typically no more than one per minute). Exception: If the price increases more than the stock’s volatility would suggest, a new alert will be shown.

Minimum number of shares attached to new high bids or low asks for the day’s current trading session

New Low Ask (Filtered)



Pre-Market Highs

New pre-market highs or lows for the number of days specified in the Quality field. Also shows number of days since the price was higher or lower. Screens pre-market prints only, but uses prices from regular market sessions to determine what qualifies as a new high or low.

Number of days used to determine new highs or lows. The default is 0, which will return all new highs and lows based on the day’s current pre-market session; a value of 365 will return results based on prices over the past year.

Pre-Market Lows

Post-Market Highs

New post-market highs or lows for the number of days specified in the Quality field. Also shows the number of days the price was higher or lower. Screens post-market prints only, but uses prices from regular market sessions to determine what qualifies as a new high or low.

Number of days used to determine new highs or lows. The default is 0, which will return all new highs and lows based on prices in the current post-market session; a value of 1, on prices during the current day’s regular session; and a value of 365, on prices over the past year.

Post-Market Lows

75% pullback from lows (Close)

From the previous close, following a stock’s price down to a low, an alert will be generated when the stock regains 75% or 25% of the move from the previous close. The amount of the pullback from the low must be at least $0.01 to generate an alert.

Amount of the pullback to the high from the low before an alert is generated

25% pullback from lows (Close)



75% pullback from highs (Close)

From the previous close, following a stock’s price up to high, an alert will be generated when the stock pulls back 75% or 25% of the move from the previous close. The amount of the pullback from the high must be at least $0.01 to generate an alert.


25% pullback from highs (Close)

75% pullback from lows (Open)

From the open, following a stock’s price down to a low, an alert will be generated when the stock regains 75% or 25% of the move from the open. The amount of the pullback from the low must be at least $0.01 to generate an alert.


25% pullback from lows (Open)

75% pullback from highs (Open)

From the open, following a stock’s price up to high, an alert will be generated when the stock pulls back 75% or 25% of the move from the open. The amount of the pullback from the high must be at least $0.01 to generate an alert.


25% pullback from highs (Open)



75% Pullback From Lows

From a high, following a stock’s price down to a low, an alert will be generated when the stock regains 75% or 25% of the move from the high. The amount of the pullback from the low must be at least $0.01 to generate an alert. To start the session, the alert will use either today’s opening price as an initial high (if it is higher than the previous close) or the previous close.


25% Pullback From Lows

75% Pullback From Highs

From a low, following a stock’s price up to high, an alert will be generated when the stock pulls back 75% or 25% of the move from the low. The amount of the pullback from the high must be at least $0.01 to generate an alert. To start the session, the alert will use either today’s opening price as an initial low (if it is less than the previous close) or the previous close.

Amount of the pullback to the low from the high before an alert is generated

25% Pullback From Highs



Check Mark

Generated if a stock’s price moves: For a check mark – From a new high to a new low, then to another new high For an inverted check mark – From a new low to a new high, then to another new low Note: Alert will not be generated before the open or during the first three minutes of trading. The last part of the pattern must occur at least three minutes after open.

No Quality field available

Inverted Check Mark

% Up For The Day

Stock price moves up or down—from the previous close—by the percentage specified in the Quality field.

Percentage change from the previous close used to generate the alert. The default and minimum are 3%.

% Down For The Day



Standard Deviation Breakout

Stock price moves up or down—from the previous close—by the standard deviation specified in the Quality field. Note: Standard deviation for these alerts is based on a year's worth of volatility data—with recent data weighted more heavily, and the formula scaled so that "1" represents a standard deviation for one day.

Change in standard deviation from the previous close used to generate the alert. The default is 1. Always rounds up to the next integer.

Standard Deviation Breakdown

Crossed Daily Highs Resistance

Stock’s price crosses above or below any previous day’s high or low (for the first time since the end of that previous day). A subset of the high/low alerts, these are used to report an established new high/low—e.g. a new high from a 5-day high.

Number of days used to determine crossings. The default is 0, which will return all crossings based on the previous day’s high or low; a value of 365 will return results based on the 52-week high or low. Crossed Daily

Lows Support



Large Bid Size

Generated when a stock has an unusually high number of shares on the best bid/ask. Alert can show: Size Increasing – Number of shares is increasing for the large lot bid/ask Price Increasing – Price is increasing for the large lot bid/ask Price dropping – Price is dropping for the large lot bid/ask Note: These alerts are generated only for stocks with an average daily volume of less than 3,000,000 shares.

Number of shares in the bid/ask required to generate the alert. A value of 10,000 shares is the minimum, unless the stock typically trades under 1,000,000 shares per day, in which case the minimum value is 6,000.

Large Ask Size



Market Crossed

Bid price of a stock is higher than the ask price. These alerts are automatically filtered so that if the market is crossed several times in quick succession only one alert will be shown. Not intended for arbitrage—most crossed markets resolve in 1–2 seconds. The Crossed Market alert types are: Market Crossed – All crossings are reported Market Crossed Up – An ECN is reporting a higher bid than ask on the stock’s primary market Market Crossed Down – An ECN is reporting a lower ask than bid on the stock’s primary market

The spread required to generate the alert (default 0.0001)

Market Crossed Up

Market Crossed Down

Market Locked Bid and ask prices of a stock are the same. If the market is locked several times in quick succession, you’ll only be notified the first time.


Large Spread Alert will be generated if the specialist's spread for a NYSE stock suddenly gets large—$0.50 or more. If the spread changes multiple times in a short period, you’ll only be notified the first time.




Trading Above

Occurs when someone buys a stock for more than the best ask price or sells for less than the best bid. If multiple alerts are generated close together, only one will show (though the number of occurrences will be noted in the alert description).

The number of times trade activity occurs in a short period before an alert will be generated

Trading Below

Trading Above Specialist

Occurs when someone buys a stock for more than the best ask price on the NYSE or Amex specialist’s book or sells for less than the best bid. If multiple alerts are generated close together, only one will show (though the number of occurrences will be noted in the alert description).

The number of times trade activity occurs in a short period before an alert will be generated

Trading Below Specialist

Offer Stepping Down

The stock has a large number of shares on the offer. (The minimum size on the offer is different for different stocks.) The best offer price is exactly one penny above the last sale price. The sale price drops, and the large offer follows it. The prices must drop at least one more time in this way before the first alert is generated. Another alert is generated each successive time the price steps down in this way—with filtering added to remove noise.




NYSE Buy Imbalance

Occurs only near the end of the trading day; these are based on the specialist's market on close orders. If there are more shares desired on the buy side for a stock than the sell side it is a "buy imbalance." If more orders are on the sell side then the buy, then we call it a "sell imbalance."

Size of the imbalance as a percentage of the total number of shares traded that day for the stock

NYSE Sell Imbalance

Crossed Above Open

Generated any time a stock crosses above or below the day’s open. During the pre-market session, the previous day’s open will be used as the crossover point.

Number of seconds since the last time a stock triggered the alert (or from the open, for the first alert of the day). The default is 0, which will show every crossover; a value of 60 will return results only if the price remains above or below the open for 60 seconds before crossing again.

Crossed Below Open

Crossed Above Close

Generated any time a stock crosses above or below the previous close. During the post-market session, the close of the current day’s regular market will be used as the crossover point.

Number of seconds since the last time a stock triggered the alert (or from the current day’s close, for the first alert of the post-market). The default is 0, which will show every crossover; a value of 60 will return results only if the price remains above or below the close for 60 seconds before crossing again.

Crossed Below Close



Crossed Above Open (Confirmed)

Generated any time a stock crosses above or below the open or the previous close. For opening crossovers, during the pre-market session, the previous day’s open will be used. For closing crossovers, during the post-market, the close of the current day’s regular session will be used. To increase the likelihood that each alert is significant, statistical information—based on time volume and price—is used to confirm the move. This can cause a slight delay between event and alert delivery.


Crossed Below Open (Confirmed)

Crossed Above Close (Confirmed)

Crossed Below Close (Confirmed)



Sector Breakout (From Open)

Reports a breakout or breakdown if a stock is performing better or worse—relative to its opening price—than the rest of the sector. Not available for indexes, or during the pre-market. Note: Alerts are based on an algorithm that seeks to identify an index best suited as an indicator for the stock, based on a comparison of intraday moves and other statistical information. The index is often specific to the stock’s sector, but may represent the broader market. For some stocks, no index is appropriate, and no results are returned.

Percentage difference from the expectation for the stock based on sector performance (minimum value 1%)

Sector Breakdown (From Open)

Sector Breakout (From Close)

Sector Breakdown (From Close)



Positive Market Divergence

Reports a breakout or breakdown if a stock is performing better or worse—relative to its price from the previous close—than the overall market, as represented by the tracking stock for the Nasdaq-100 (QQQQ).

Percentage difference from the expectation for the stock based on market performance (minimum value 1%)

Negative Market Divergence

Consolidation Generated when a stock’s price range is narrowing, as determined by divergence from a pre-calculated volatility; evaluated on average every 15 minutes.

Quality of the consolidation. Range is 2–10, with 10 being the strongest. A consolidation value of 2 (the default) is considered strong.

High Relative Volume

Volume for the stock is higher than normal for the time of day, relative to the average volume at that time over several recent days. Data is reviewed every 15 minutes.

Ratio of the current volume over the historical volume at which an alert will be generated. A value of 1.5 is the default and minimum.

1 minute volume spike

Similar to the High Relative Volume Alert, this alert triggers when volume is higher than normal for a time of day for a given stock compared to a historical baseline. However, the data is reviewed every minute so it may show an excess amount of alerts for thinly traded stocks

Ratio of the current volume over the historical volume at which an alert will be generated. A value of 1.5 is the default and minimum.



Strong Volume Volume for the stock is higher than normal for the day, relative to the average total daily volume over several recent days. By default, alerts are first generated when the average daily volume is reached, and then at each multiple thereafter.

Multiple of average volume at which an alert will first be generated. For example, a value of 1 (the default) will first generate an alert when average daily volume is reached; a value of 2 will first generate an alert at two times normal volume, and so on.

Unusual Number of Prints

Alert is triggered when a stock generates unusually high bid, ask, and/or trade activity for the time of day. Activity must be at least five times higher than normal. Alerts are generated at increments of five (five times normal activity, 10 times, etc.).

Multiple of average activity—in bids, asks, and/or trades—at which an alert will be generated (minimum 5).

Running up now

Generated when a stock’s price moves up or down quicker than expected—relative to the volatility of a stock—over a one-minute period.

The amount of the move in $, please note if a stock has a normal volatility of 10 cents, a quality field of 10 cents or less will not generate an alert for that stock.

Running down now

Running Up

Generated when a stock’s price moves up or down very quickly—relative to volatility—over an approximately one-minute period. Filtered to report only clear, statistically valid moves.

The speed of the move. Range is generally from 1–10 (but can be higher). A value of 5 returns alerts for stocks that are moving briskly. The higher the value, the fewer alerts will be generated. Very few stocks will have values higher than 10.

Running Down



Running Up (Intermediate)

Generated when a stock’s price moves up or down very quickly relative to volatility. Filtered to report only clear, statistically valid moves. Requires more consistent moves than basic Running alerts, but less consistent than confirmed Running alerts.

Ratio of the stock’s move to the average move for the stock (as determined by intraday volatility over the past two weeks). Minimum value is 2. Running Down

(Intermediate)

Running Up (Confirmed)

Generated when a stock’s price moves up or down quickly—relative to volatility—over an approximately 15-minute period. To generate an alert, more volume is required than for unconfirmed Running indicators. Filtered to report only clear, statistically valid moves.

The speed of the move. Range is generally from 1–10 (but can be higher). A value of 1 shows all confirmed moves, and 5 returns moves that are considered brisk. The higher the value, the fewer alerts will be generated. Very few stocks will have values higher than 10.

Running Down (Confirmed)

Crossed Above 200-Day Moving Average

Generated when a stock’s price crosses above or below its simple moving average for the period.


Crossed Below 200-Day Moving Average




Generated when a stock’s price crosses above or below its simple moving average for the period.





Crossed Above VWAP

Generated when a stock’s price crosses above or below its Volume Weighted Average Price.


Crossed Below VWAP



Positive VWAP Divergence

Generated when the last bid, ask, or trade for a stock is a specified amount away from the current Volume Weight Average Price.

The integer percentage difference from the VWAP

Negative VWAP Divergence

Gap Down Reversal

Generated when a stock’s price opens with a gap from the previous close and then reverses to cross above or below the close. Also reports gap continuation (the amount the stock’s price moved in the direction of the gap after the open before reversing)

The minimum distance in price, from the extreme point after the gap, back to the previous close

Gap Up Reversal

False Gap Up Retracement

Generated when a stock’s price opens with a gap from the previous close, starts to fill the gap, and then continues down in the direction of the original gap. The gap must be significant and the price can only partially fill the gap—i.e. if the price crosses the previous close, the retracement will not be considered false.

Percentage of the gap that must be partially filled before the stock price moves back in the direction of the original gap

False Gap Down Retracement



Channel Breakout (Confirmed)

Shows when a stock’s price moves up or down quickly after a consolidation. To generate an alert, more volume is required than for unconfirmed Channel Breakout indicators. Filtered to report only clear, statistically valid moves. Similar to a confirmed Running Up / Down indicator after Consolidation.

The speed of the breakout. Range is generally from 1–10 (but can be higher). A value of 1 shows all confirmed breakouts, and 5 returns breakouts that are considered brisk. The higher the value, the fewer alerts will be generated. Very few stocks will have values higher than 10.

Channel Breakdown (Confirmed)

Channel Breakout

Shows when a stock’s price moves up or down quickly after a consolidation. Filtered to report only clear, statistically valid moves. Reports more quickly than confirmed versions. Similar to an unconfirmed Running Up / Down indicator after Consolidation.

The quality of the consolidation. Range is 2–10, with 10 being the strongest quality.

Channel Breakdown

5-Minute Consolidation Breakout

Generated if a bid, ask, or trade is reported outside a stock’s consolidation range. The consolidation pattern must last at least as long as the duration in the alert name. Formula pays very little attention to volume.

The minimum breakout from the consolidation range in dollars

5-Minute Consolidation Breakdown















Crossed Above Resistance (Confirmed)

Generated when a stock moves above its resistance or below its support. Sufficient volume is required.

The minimum number of hours the support or resistance pattern must be in effect for the crossing to be recognized. This quality is a measure of both time and volume—i.e. two-times normal volume during one hour is considered two “hours of trading.”

Crossed Below Support (Confirmed)

Crossed Above Resistance

Generated when a stock moves above its resistance or below its support. Because this alert does not require volume confirmation, it tends to report more quickly than its confirmed equivalent.

The minimum number of hours the support or resistance pattern must be in effect for the crossing to be recognized. This quality is a measure of both time and volume—i.e. two-times normal volume during one hour is considered two “hours of trading.”

Crossed Below Support

Block Trade Reports trades of over 20,000 shares, often with a description of the price—at the bid/ask, above the ask, below the bid, or between the ask and the bid.

Minimum number of shares



Broadening Bottom

A broadening pattern is defined by a series of at least five consecutive points—of higher highs and lower lows. An alert is generated when: For a broadening bottom – The stock’s price touches the bottom of the pattern, then turns back up on sufficient volume For a broadening top – The stock’s price touches the top of the pattern, then turns back down on sufficient volume

The minimum number of hours the broadening pattern must be in effect for the bottom or top to be recognized. This quality is a measure of both time and volume—i.e. two-times normal volume during one hour is considered two “hours of trading.”

Broadening Top

Triangle Bottom

A triangle pattern is defined by a series of at least five consecutive points—of lower highs and higher lows. Sufficient volume is required.

The minimum number of hours the triangle pattern must be in effect for the bottom or top to be recognized. This quality is a measure of both time and volume—i.e. two-times normal volume during one hour is considered two “hours of trading.”

Triangle Top



Rectangle Bottom \

A rectangle pattern is defined by a series of at least five consecutive points—of highs and lows, each at about the same price level. Sufficient volume is required.

The minimum number of hours the rectangle pattern must be in effect for the bottom or top to be recognized. This quality is a measure of both time and volume—i.e. two-times normal volume during one hour is considered two “hours of trading.”

Rectangle Top

Double Bottom

Shows when there are two or more lows (bottoms) or highs (tops). The time and volume between the bottoms or tops must be significant. Also reports triple and quadruple bottoms and tops; in these cases, the time and volume requirements are less stringent.

The minimum number of hours between the first and last bottom/top. This quality is a measure of both time and volume—i.e. two-times normal volume during one hour is considered two “hours of trading.”

Double Top

Inverted Head and Shoulders

A standard or inverted head-and-shoulders pattern is defined by five consecutive turning points—with the first and last at about the same price level, the second and fourth at similar highs or lows, and the third at the highest low or high in the sequence.

The minimum number of hours the pattern must be in effect to be recognized. This quality is a measure of both time and volume—i.e. two-times normal volume during one hour is considered two “hours of trading.”

Head and Shoulders



5-Minute High

Generated when a high or low is recorded relative to the price range of the previous same-length interval. If there was no volume during the previous interval, the most recent interval with volume will be used.


5-Minute Low

10-Minute High

10-Minute Low

15-Minute High

15-Minute Low

30-Minute High

30-Minute Low

60-Minute High

60-Minute Low



Trailing Stop, % Up

Generated when a reversal of a specified percentage occurs.

The percentage amount of the reversal (default 0.25%). A reversal from a low or high is indicated by a plus or minus sign respectively. Trailing Stop, %

Down

Trailing Stop, Volatility Up

Generated when a reversal of a specified multiple of volatility occurs.

The volatility multiple for the reversal (default 1). A reversal from a low or high is indicated by a plus or minus sign respectively Trailing Stop,

Volatility Down

1-Minute Opening Range Breakout

Resistance and support are set at the high and low for a particular interval from the open. An alert is generated when the stock price breaks through either resistance (breakout) or support (breakdown). Note: The opening interval begins at the first bid, ask, or trade (not necessarily the start of trading). Also, to reduce false signals, there is a blackout period of one minute after the high and low are determined for the period.


1-Minute Opening Range Breakdown




















60 Minute Opening Range Breakdown



Fibonacci 38% Buy Signal

Generated when there is a price reversal to a particular Fibonacci level.

The minimum number of hours the pattern must be in effect to be recognized. This quality is a measure of both time and volume—i.e. two-times normal volume during one hour is considered two “hours of trading.”

Fibonacci 38% Sell Signal







5-Minute Linear Regression Up Trend

Generated if a stock’s price moves outside a short- or long-term linear regression channel.

The minimum gain forecast per share for the move

5-Minute Linear Regression Down Trend




Generated if a stock’s price moves outside a short- or long-term linear regression channel.

The minimum gain forecast per share for the move








Upward Thrust (2 Minute)

Generated when a stock’s 8- and 20-period simple moving averages have been going up for at least five periods in a row. Period length is defined in the alert name. This alert is generated again for eight consecutive periods—then 13, 21, and all other Fibonacci numbers.

The suddenness of the move (in percentage terms) relative to the stock’s 200-period simple moving average. If a stock price takes off when the 200-period average is flat, the move will be considered sudden. Most upward thrusts have a suddenness of 90 or more.

Downward Thrust (2 Minute)





5 period SMA crossed above 8 period SMA (1 minute)

Generated when a stock’s 5-period simple moving average crosses above or below its 8-period simple moving average. Period length is defined in the alert name.


5 period SMA crossed below 8 period SMA (1 minute)























8 Period SMA Crossed Above 20-Period SMA (2 Minute)



8 Period SMA crossed below 20-Period SMA (2 Minute)


8 Period SMA Crossed Below 20-Period SMA (5 Minute)















5 minute MACD crossed above signal

Generated when a stock’s MACD (Moving Average Convergence Divergence) line crosses above or below the zero or signal line. These alerts are based on the standard 26, 12, and 9 indicated period EMAs. Note: because the MACD is based on the EMA (exponential moving average) formula, it is not deterministic. Different charting packages will give slightly different values for the formula. If you add more history to your chart, it might also change the result.


5 minute MACD crossed below signal

5 minute MACD crossed above zero

5 minute MACD crossed below zero








Generated when a stock’s MACD (Moving Average Convergence Divergence) line crosses above or below the zero or signal line. These alerts are based on the standard 26, 12, and 9 period EMAs. Note: because the MACD is based on the EMA (exponential moving average) formula, it is not deterministic. Different charting packages will give slightly different values for the formula. If you add more history to your chart, it might also change the result.












Generated when a stock’s MACD (Moving Average Convergence Divergence) line crosses above or below the zero or signal line. These alerts are based on the standard 26, 12, and 9 period EMAs. Note: because the MACD is based on the EMA (exponential moving average) formula, it is not deterministic. Different charting packages will give slightly different values for the formula. If you add more history to your chart, it might also change the result.





5 Minute Doji

Generated when a Doji pattern is identified on a candlestick chart of a particular period. These patterns show very similar opening and closing prices.


10 Minute Doji

15 Minute Doji

30 Minute Doji

60 Minute Doji



5 minute stochastic crossed above 20

Generated when the %D for the fast stochastic or the %K for the slow stochastic crosses the line. There is filtering in place to avoid multiple prints if the stochastic oscillators frequently crosses back and forth. Note: The alert can be generated intra-candlestick which allows the alert to be reported earlier.

Not applicable

5 minute stochastic crossed below 80







5 Minute Hammer

Generated when a hammer pattern is identified on a candlestick chart. This pattern is indicated in a downtrend when a stock’s price at the close of a particular interval is higher than the interval’s open and near the interval’s high.

How close the observed pattern needs to match the ideal (in percentage terms) for the alert to be generated. A value of 0 signifies no match; a value of 100 signifies a rare perfect match.

10 Minute Hammer

15 Minute Hammer

30 Minute Hammer

60 Minute Hammer

5 Minute Hanging Man

Generated when a hanging man pattern is identified on a candlestick chart. This pattern is indicated in an uptrend when a stock’s price at the open of a particular interval is higher than the interval’s close and near the interval’s high.








5 Minute Bullish Engulfing

Generated when a bullish engulfing pattern is identified on a candlestick chart of a particular interval. This pattern is indicated when there is a “down” candlestick followed by an “up” candlestick—and the body of the latter fully engulfs that of the former.

How close the observed pattern needs to match the ideal (in percentage terms) for the alert to be generated. A value of 0 signifies no match; a value of 100 signifies a rare perfect match. 10 Minute Bullish

Engulfing



5 Minute Bearish Engulfing

Generated when a bearish engulfing pattern is identified on a candlestick chart of a particular interval. This pattern is indicated when there is an “up” candlestick followed by a “down” candlestick—and the body of the latter fully engulfs that of the former.

How close the observed pattern needs to match the ideal (in percentage terms) for the alert to be generated. A value of 0 signifies no match; a value of 100 signifies a rare perfect match. 10 Minute Bearish

Engulfing





5 Minute Piercing Pattern

Generated when a piercing pattern is identified on a candlestick chart of a particular interval. This pattern shows a “down” candlestick followed by an “up” candlestick. The open of the second candlestick must be lower than the close of the first. Also, the close of the second candlestick must be above the midpoint of the body of the first.

How close the observed pattern needs to match the ideal (in percentage terms) for the alert to be generated. A value of 0 signifies no match; a value of 100 signifies a rare perfect match. 10 Minute

Piercing Pattern



5 Minute Dark Cloud Cover

Generated when a dark cloud pattern is identified on a candlestick chart of a particular interval. This pattern shows an “up” candlestick followed by a “down” candlestick. The open of the second candlestick must be higher than the close of the first. Also, the close of the second candlestick must be below the midpoint of the body of the first.

How close the observed pattern needs to match the ideal (in percentage terms) for the alert to be generated. A value of 0 signifies no match; a value of 100 signifies a rare perfect match. 10 Minute Dark

Cloud Cover





5 Minute Bottoming Tail

Generated when a bottoming tail pattern is identified on a candlestick chart of a particular interval. In this pattern, there are at least three “down” candlesticks followed by an “up” candlestick. The last candlestick must have a high/low range similar to the intervals that preceded it. Also, the open and close of the last candlestick must be near the high, creating a long “tail.”






5 Minute Topping Tail

Generated when a topping tail pattern is identified on a candlestick chart of a particular interval. In this pattern, there are three “up” candlesticks followed by a “down” candlestick. The last candlestick must have a high/low range similar to the intervals that preceded it. Also, the open and close of the last candlestick must be near the low, creating a long “shadow.”








5 Minute Narrow Range Buy Bar

Generated when a narrow range buy bar is identified on a candlestick chart of a particular interval. In this pattern, there are three “up” candlesticks followed by a “down” candlestick. The last candlestick must have a high/low range no greater than 25% of the average range over the last five intervals.

How close the observed pattern needs to match the ideal (in percentage terms) for the alert to be generated. A value of 0 signifies no match; a value of 100 signifies a rare perfect match. 10 Minute Narrow

Range Buy Bar



5 Minute Narrow Range Sell Bar

Generated when a narrow range sell bar is identified on a candlestick chart of a particular interval. In this pattern, there are three “down” candlesticks followed by an “up” candlestick. The last candlestick must have a high/low range no greater than 25% of the average range over the last five intervals.

How close the observed pattern needs to match the ideal (in percentage terms) for the alert to be generated. A value of 0 signifies no match; a value of 100 signifies a rare perfect match. 10 Minute Narrow

Range Sell Bar





2 Minute Green Bar Reversal

In this pattern there are at least three down candlesticks followed by an up candlestick. Unlike the narrow range bar patterns, this pattern is only valid if it occurs above a rising 20 period SMA, or below a falling 20 period SMA

The number of consecutive candlesticks going in one direction before the candlestick going in the other direction.




2 Minute Red Bar Reversal

In this pattern there are at least three up candlesticks followed by a down candlestick. Unlike the narrow range bar patterns, this pattern is only valid if it occurs above a rising 20 period SMA, or below a falling 20 period SMA

The number of consecutive candlesticks going in one direction before the candlestick going in the other direction.






2 minute 1-2-3 continuation buy signal

In this pattern there are two candlesticks, the first one being the wider range bar and the second a narrow range bar within the top half of the first bar. An alert is triggered if the price of a third candlestick crosses the top of the first 2 bars.





2 minute 1-2-3 continuation sell signal

In this pattern there are two candlesticks, the first one being the wider range bar and the second a narrow range bar within the bottom half of the first bar. An alert is triggered if the price crosses the bottom of the first 2 bars







2 minute 1-2-3 continuation buy setup

These alerts are similar to the 1-2-3 continuation signal alerts. However, they report when the stock price is close to the continuation signal pattern in order to anticipate the completion of the continuation signal pattern





2 minute 1-2-3 continuation sell setup






Bullish opening power bar

The alert is based on a power bar; a power bar is defined as a 5 minute candle that’s opening and close are near the high or the low. A Bullish opening power bar is defined if the close is above the open, and an alert is generated then a price is above the open or high as compared to the opening power bar. A Bearish opening power bar is defined if the close is below the open, and an alert is generated then a price is below the close or low as compared to the opening power bar.


Bearish opening power bar

NR7 Based on a traditional candlestick chart (of 15-minute intervals), this alert is generated when the high/low range of the last interval is smaller than that of the previous seven. Can signify that a price move in either direction is about to take place.

The number of intervals (default 1) that must be smaller than the seven that preceded them. A value of 2 looks at the last two intervals, each of which must have smaller high/low ranges than the preceding seven.



2 Minute Wide Range Bar

This alert is caused where the range from the open to close of the interval is at least twice the average range from open to close of the last 20 periods.

Not applicable



Heartbeat Every specified number of minutes, this alert will show all stocks that meet each of the selected filters.

How often (in minutes) you want the filter scan to run. Default and minimum is every five minutes.

Tests and Demonstration

Used for tests and demonstrations, and does not contain any real information.

Not applicable


STRATEGY SCANNER FILTERS Min Icon

Max Icon Name Description / Quality Field

Price

Minimum or maximum amount (in dollars) for the stock price, bid/ask spread, and bid/ask size. Uses Level 1 information at the time of the alert.

Spread

Bid Size

Ask Size

Bid / Ask Ratio Minimum or maximum ratio for the bid over the ask. Uses Level 1 information at the time of the alert.

Distance from Inside Market

Compares the last trade to the current bid/ask (in percentage terms). A value of 0 for Max Distance will show only stocks that trade at or between the bid and ask. A value of 0.1 for Max Distance will show stocks trading at no more than 0.1% below the bid or above the ask.

Average Daily Volume (5)

Minimum or maximum volume on an average day (does not consider volume on the current day) based on the previous 5 or 10 days. Note: Previously the alert looked only at the past 10 days Average Daily

Volume (10)




Dollar Volume Minimum or maximum dollar volume on an average day—i.e. the stock’s current price multiplied by its average daily volume.

Current Volume Defined by a ratio, this filter compares the current daily volume to the average volume for the time of day. Not available in the pre- or post-market. A value of 1 for Min Current Volume will filter for stocks trading at or above the average volume for the time of day. A value of 2 will filter for stocks trading at twice the average daily volume.

Volume Today Total share volume for the current day. Can be filtered by absolute share volume or percentage (current volume as a percentage of average total daily volume).

Volume Yesterday Compares the total share volume yesterday to the average daily volume. The Filter uses the yesterday’s volume as a percentage of average total daily volume.

Volume 5 Compares volume in the most recent interval to the average volume for an interval of the same length. Entered as a percentage (volume in the most recent interval as a percentage of the average). The interval is indicated in minutes by the number shown in the alert name.

Volume 10

Volume 15

Volume 30




Volatility Minimum or maximum volatility for a typical 15-minute period, expressed in dollars or percent. Examples: For Volatility ($) – A value of 0.10 will show stocks that typically move 10 cents or more every 15 minutes For Volatility (%) – A value of 0.10 will show stocks that typically move 0.10% or more every 15 minutes

Average True Range

Minimum or maximum Average True Range, calculated based on a 14-day period.

Min Today's Range

Minimum or maximum range for the day. Range is defined as high minus low. Can be entered in dollars or percent (current range as a percentage of the average daily range).

15-Minute Range

Minimum or maximum range for the previous 30, 60, or 120 minutes. Range is defined as high minus low for the period. Can be entered in dollars or percent (current range for the period as a percentage of the average range for a period of that length).




30-Minute Range

Minimum or maximum range for the previous 30, 60, or 120 minutes. Range is defined as high minus low for the period. Can be entered in dollars or percent (current range for the period as a percentage of the average range for a period of that length).

60-Minute Range

120-Minute Range

5-Day Range

Minimum or maximum range for the previous 5, 10 or 20 Days. Range is defined as high minus low for the period. Can be entered in dollars or percent (current range for the period as a percentage of the average range for a period of that length).

10-Day Range

20-Day Range




Put/Call Ratio The ratio of put to call contract volume (for the current day)—based on all options for the stock.

Options Volume Minimum or maximum contract volume for all puts and calls on the stock during the average day.

Options Volume Today

Minimum or maximum contract volume for the day for all puts and calls on the stock. Can be entered as absolute volume or a percentage (current daily contract volume as a percentage of the average).

Gap Up Minimum or maximum gap up at the open from the previous close. Can be entered in dollar, percentage terms, or as a ratio that looks at the gap relative to the 15-minute volatility of the stock. With a volatility value of 1, you’ll see stocks with gaps equal to or greater than the expected move for the stock over a 15-minute period. In the pre- and post-market, the last trade is used instead of the open. Also, a negative value can be set.

Position of Open Open as a percentage of yesterday’s range. For Example a stock which opens at yesterday’s high as a value of 100%, a stock which open at yesterday low has a value of 0%




Decimal Minimum or maximum decimal value in the stock price (.00–.99). For example, a value of ‘.90’ for Min Decimal will filter for stocks with prices showing decimals of .90 or higher.

Up Days Filters for stocks that closed higher than they opened for a minimum or maximum number of consecutive days.

Up Candles Filters for stocks that closed higher than they opened for a minimum or maximum number of intraday intervals on a candlestick chart. The length of the interval is indicated in minutes by the number shown in the alert name. Negative numbers can be used to filter for stocks with consecutive down intervals.

Up 5

Minimum or maximum price move of a stock—in dollars or percent—over the past specified number of minutes. Negative numbers can be used to filter for stocks with declines.

Up 10

Up 15




Up 30

Minimum or maximum price move of a stock—in dollars or percent—over the past specified number of minutes. Negative numbers can be used to filter for stocks with declines.

NASDAQ Up 5

Minimum or maximum move—expressed as a percentage—in the Nasdaq-100 index over the past specified number of minutes or for the Current Day. Negative numbers can be used to filter for declines.

NASDAQ Up 10

NASDAQ Up 15

NASDAQ Up 30

NASDAQ Up Today

S&P Up 5 Minimum or maximum move—expressed as a percentage—in the S&P 500 index over the past specified number of minutes or for the Current Day.. Negative numbers can be used to filter for declines.

S&P Up 10

S&P Up 15

S&P Up 30

S&P Up Today




Dow Up 5

Minimum or maximum move—expressed as a percentage—in the Dow Jones Industrial Average over the past specified number of minutes. Negative numbers can be used to filter for declines.

Dow Up 10

Dow Up 15

Dow Up 30

Dow Up Today

Up from the Close Minimum or maximum price change from the previous day’s close. (For the post-market, today’s close is used.) Can be entered in dollar or percentage terms, or as a ratio that looks at the price change relative to the 15-minute volatility of the stock. With a Max Up value of 1 (for volatility), you’ll see stocks with changes equal to or greater than the expected move for the stock over a 15-minute period. Negative numbers can be used to filter for declines.

Up from the Open Minimum or maximum price change from the open. Can be entered in dollar or percentage terms, or as a ratio that looks at the price change relative to the 15-minute volatility of the stock. With a Max Up value of 1 (for volatility), you’ll see stocks with changes equal to or greater than the expected move for the stock over a 15-minute period. Negative numbers can be used to filter for declines. Not available in the pre- or post-market.




Up Previous Day These filters compare the close from the previous trading day to the close from the day before that. In short, these let you pick stocks which were up or down by a certain amount yesterday. Use negative numbers to find stocks which were down for the day.

Up in 5-Days

These filters compare the current price to the previous close of the indicated trading days in the filter. For Example, Min Up in 5-days filters for a stock who’s current price is at least a $ or % above the previous close 5 trading days (the close 6 trading days) ago.

Up in 10-Days

Up in 20-Days

Standard Deviation Minimum or maximum number of standard deviations from the previous day’s close. (For the post-market, today’s close is used.) Standard deviation is calculated based on a year’s worth of data. Recent data is weighted more heavily, and all data scaled so that a value of 1 means a standard deviation for one day.

Below High

Minimum or maximum distance of the current price of a stock below the day’s High. Use negative values to find stocks currently trading above the high.




Min Above Low Minimum or maximum distance of the current price of a stock above the day’s Low. Use negative values to find stocks currently trading below the low.

Position in Range Minimum or maximum position of the current price of a stock within the day’s range, expressed as a percentage. A value of 0 signifies the day’s low, while 100 signifies the day’s high. As an example, a Min Position value of 10 filters for all stocks 10% or more above the day’s low. In the post-market, these alerts use the range reported for the regular session. Not available in the pre-market.

Position in Day's Range

Minimum or maximum position of the current price of a stock within the current day’s range, expressed as a percentage. A value of 0 signifies the day’s low, while 100 signifies the day’s high. As an example, a Min Position value of 10 filters for all stocks 10% or more above the day’s low.

Position in Previous Day's Range

Minimum or maximum position of the current price of a stock within the previous day’s range, expressed as a percentage. A value of 0 signifies the previous day’s low, while 100 signifies the previous day’s high. As an example, a Min Position value of 10 filters for all stocks 10% or more above the previous day’s low.

Position in 5 Day Range

Minimum or maximum position of the current price of a stock within the 5, 10 or 20 trading day range, expressed as a percentage. A value of 0 signifies the low for the period, while





100 signifies the high. As an example, a Min Position value of 10 filters for all stocks 10% or more above the low for the period.


Position in Year Range

Minimum or maximum position of the current price of a stock within the 52-week range, expressed as a percentage. A value of 0 signifies the 52-week low, while 100 signifies the 52-week high. As an example, a Min Position value of 10 filters for all stocks 10% or more above the 52-week low.

Position in Lifetime Range

Minimum or maximum position of the current price of a stock within its 10-year or lifetime range, expressed as a percentage. A value of 0 signifies the low of the range, while 100 signifies the high. As an example, a Min Position value of 10 filters for all stocks 10% or more above the low.

15-Minute RSI Minimum or maximum Relative Strength Index of a stock. Values are computed using the last 14 15-minute periods (excluding pre/post-market sessions). If there is insufficient data, no alerts will be reported.




Daily RSI Minimum or maximum Relative Strength Index of a stock. Values are computed using the last 14 days (excluding pre/post-market sessions). If there is insufficient data, no alerts will be reported.

Position in Bollinger Bands (5 Minute)

Minimum or maximum position of the current price of a stock within the 20-period Bollinger Bands, expressed as a percentage. A value of 0 signifies the price at the lower band, while 100 signifies the price at the upper.



Position in Bollinger Bands (Daily)

Range Contraction Minimum or maximum number of days in a range contraction. This pattern occurs when the daily range of a stock—high minus low—gets smaller from one trading day to the next. A value of 3 for Min Range Contraction would show stocks exhibiting range contractions lasting three days or longer. Enter a negative number to see stocks in range explosions.




Linear Regression Divergence

Minimum or maximum divergence from a straight line over the past eight trading days. A value of 0 represents a perfectly straight line (the stock has moved in a linear pattern), while 1 suggests no linear movement at all.

Average Directional Index

Minimum of Maximum value of the ADI (Average Directional Index) based on a daily values and a 14 period smoothing factor.

Directional Indicator Minimum and Maximum value denoted by this formula (+DI) – (-DI). The values range from -100 to 100

Up from 200-Day SMA

Minimum or maximum distance from a simple moving average. Can be entered in percentage terms or as a ratio that looks at the distance relative to the 15-minute volatility of the stock. For example, for a stock with a volatility of 5, a value of 1 would indicate that the stock is at least $5 above its simple moving average. A negative value can be used to filter for stocks that are below their moving averages.

Up from 50-Day SMA




Up from 20-Day SMA

Minimum or maximum distance from a simple moving average. Can be entered in percentage terms or as a ratio that looks at the distance relative to the 15-minute volatility of the stock. For example, for a stock with a volatility of 5, a value of 1 would indicate that the stock is at least $5 above its simple moving average. A negative value can be used to filter for stocks that are below their moving averages.

Up from 8-Period SMA

Minimum or maximum percentage distance from the stock’s 8-period simple moving average. Periods for this average can be two, five, or 15 minutes long (depending on the alert chosen). A negative value can be used to filter for stocks that are below their moving averages.








8 Above 20-Period SMA

Minimum or maximum percentage distance between the stock’s eight- and 20-period simple moving averages. Periods for these averages can be two, five, or 15 minutes long (depending on the alert chosen). When a positive value is entered, Strategy Scanner will return stocks with higher eight-period averages than 20-period. Negative values filter for stocks with higher 20-period averages.

20 Above 200-Period SMA

Minimum or maximum percentage distance between the stock’s 20- and 200-period simple moving averages. Periods for these averages can be two, five, or 15 minutes long (depending on the alert chosen). When a positive value is entered, Strategy Scanner will return stocks with higher 20-period averages than 200-period. Negative values filter for stocks with higher 200-period averages.




Consolidation Minimum or maximum number of days in a consolidation pattern. Value can be no higher than 40. Does not factor in data for the current day.

Position in Consolidation

Minimum or maximum position of the current price of a stock, expressed as a percentage of that stock’s recent or ongoing consolidation pattern (based on a 40-day chart). A value of 0 signifies the bottom of the consolidation pattern, while 100 signifies the top. A Min Position value of 100.01 will filter for all stocks that have been in a consolidation range and are now trading above it. Negative values can be used to filter for stocks trading below a consolidation range.

Market Cap

Market Capitalization is defined as the Current Stock Price x Shares Outstanding. Values entered into this window specific filter need to be entered in multiples of $1,000,000. A value of 5 indicates 5 million shares where a .5 indicates 500,000 shares.

Shares Outstanding

Outstanding shares filter by the number of shares that are currently owned by all investors. Values entered into this window specific filter are in units of 1,000 shares.




Current Assets

Current Assets represent the value of all assets that are reasonably expected to be converted into cash within one year in the normal course of business. Values entered into this Window Specific Filter need to be entered in increments of $1,000 per year.

Current Debt

Current Debt represents the money, goods or services that the company is currently obliged to repay to its creditors within one year. Values entered into this Window Specific Filter need to be entered in increments of $1,000 per year.

Min Total Revenue This filter is based on the revenue from the most recent fiscal year. Values entered into this Window Specific Filter need to be entered in increments of $1,000 per year.

Min Net Income Net Income is Total Revenues - Total Expenses Values entered into this Window Specific Filter need to be entered in increments of $1,000 per year.

Min EPS EPS or Earnings Per Share is Net Income / Number of Shares Outstanding Values entered into this Window Specific Filter needs to be entered in price per share.




Min P/E Ratio P/E Ratio or Price to Earnings Ratio is Stock Price / Earnings Per Share

Min Dividend This dividend value represents the distribution of coporate earnings to company shareholders, here it is the last dividend paid out. Values entered into this Window Specific Filter need to be entered in increments of $1,000.

Min Beta Beta is a measure of the volatility of a given stock relative to the overall market, usually the S&P 500.

Min Count This filter can be used to show an alert only when it has been: Triggered at least the minimum number of times for a particular stock Triggered no more than the maximum number of times for a particular stock

Date post:	20-Feb-2022
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