Scan For Swing Trades

bollinger bands

As the evolves, Trade Ideas’ software adjusts levels and the trading plan to match. You can learn how to do all of this without risking your principal through a real-time simulated trading environment. Trade Ideas employs an artificial intelligence-powered assistant named Holly. Alter these screens to suit your strategy, or share screeners that you have found helpful for swing trading in the comments below.


Easy way to find such stocks in Telechart is by running a six month and two month momentum scan to generate a list of stocks. Another really helpful trend indicator for swing traders is the MACD, or the moving average convergence divergence. This slightly more complex indicator combines the SMA and EMA we discussed above and offers more insights. It helps you confirm a trend while granting you a look into the momentum behind it, too. Now that you know the three different types, we’re ready to unveil our list of the best swing trading indicators. These are the basics that any beginner should know, as you’ll still use them as an experienced trader.

Screener Settings for Day Trading

Therefore, by looking at the SCTR ranking, you can see at a glance which are also strong over the last one and three months. If one sector is performing well on the Monthly but is down the list on the weekly, it means it may be moving out of favor. Focus on stocks that rank near the top of the list in both time frames. Any trades taken are likely short-term in nature based on these time frames anyway, so strike while the sector are hot. If you are day trading and want real-time alerts and real-time pre-market data then you may wish to upgrade to the Elite version. As with any trade, a proper entry is a key to a solid setup.

In thisstock trading strategy video, we show you a way to quickly, in a matter of minutes, find the strongest stocks and ETFs in the market that are presently on slight “pullbacks” off their highs. We hope you enjoyed this article on the best stock screener for swing trading. While free stock screeners may have limited information, they’re a great place to start until you manage to save up enough money for a premium stock screener. If you don’t have money to purchase a premium stock screener service, you might want to start out with a free web-based stock screener. If you’re looking for an effective stock screener and real-time updates for a variety of markets and exchanges, then you will definitely want to consider Benzinga Pro.

Other than trending markets, the ADX indicator is also useful for finding sideways market. This one-line scan zooms in on sideways markets where range trading setups like the Gimmee Bar have a higher success rate. Investors have access to nearly every fundamental criterion you can think of through Stock Rover, as well as an extensive database of company financial statements.

The Trade Ideas scan alerted on the day of the breakout above the recent downtrend. Looking at the bigger picture, price appears within a broadening wedge and is bouncing from the lower support area. As a result, the sessions that followed pushes price higher to reclaim the 50d sma. So looking at the example below, you can see that $FLEX alerted several times on this breakout move early in the session.

Here’s how to scan for the strongest sectors using,, John Carter, the founder of Simpler Trading and creator of the TTM_Squeeze©, is free on trading platforms such as thinkorswim©, tastyworks, and TradingView. John uses the squeeze in almost all of his trades where he can redefine volatility and use it to his advantage.


Each trader has an ideal chart setup, which incorporates their favorite indicators for analyzing chart patterns. Most traders use moving averages to determine the trend in a stock. You can see in the screenshot below that the moving averages indicate the stock is trending in an upward direction because it’s going from the lower left to the upper right of the chart. Depending on your trading style, you might want to use a catalyst event, technical analysis, or fundamental analysis when conducting due diligence. For the most part, combining technical analysis and catalyst events works well in the trading community. Before we learn how to find stocks to swing trade, we first need to understand what swing trading really is.

Next Step, Swing Trade!

Check out this step-by-step guide to learn how to scan for the best momentum stocks every day with Scanz. Combining these two scans will highlight stocks that experienced a double-crossover within the last day or two, which is a very powerful bullish signal. Sufficient price volatility to catch a stock near the peak or trough of its major move.

stock market

I work full time and having a screen in front of me is impossible. My plan is to set alerts and use this specifically for stocks on a higher time frame for swing trading options. I don’t have it coded to add arrows or alerts, modified the period to whatever current period you have it on in the mobile app. With all of that being said I have spent a lot of time testing strategies for swing trades I can hold overnight or up to two or three days. I am not a big fan of holding for longer at the minute as I prefer more liquidity to get in into a good day trade when I find it since I am limited to three.

Students can learn from experienced stock and options traders, and be alerted to the real money trades these traders make. Become a better trader with’s courses and programs. If you don’t have access to this, then you can check CNBC, Bloomberg, and Finviz. Moreover, swing traders will also look at SEC filings, too.


Check out this guide to learn how to scan for active low float stocks daily. Check out this step-by-step guide to learn how to find the best opportunities every single day. This simple scan uses two common trading indicators to find candidates for a quick bullish momentum trade. Scanning the markets with the simple scans above is the first step to finding swing trading setups.

Focusing on strong sectors is one way to create a stock watchlist, or to zero in on stocks currently performing well. These watchlists can then be used for finding day trading or swing trading opportunities. Simpler Trading offers not only several courses and subscriptions but also a free trading room that allows traders to learn the basics of the stock market.

  • So that’s how I trade setups on the daily, confirmation on the weekly and this will scan both the daily in the weekly for you.
  • If we don’t use a best-fit channel our chart can start to look pretty ugly as we continually have to redraw lines in order to match recent lows/highs with prior ones.
  • Sometimes these trades will turn into runaway trends, lasting weeks to months, but the majority are quick 2-3 day-long trades.
  • Sometimes we get a consolidation right near the bottom of the channel, other times we don’t.

Conversely, it’s time to sell when the MACD crosses under the signal line. Lots of people begin trading the stock market, with the belief it will be rather easy to make a great deal of money. Some of them pay big cash for a so-called secret indicator or method that assures fantastic riches. Others will pay huge dollars to get stock suggestions, usually from someone who does not trade the stock exchange themselves. It has a nice charting platform with multiple indicators, ability to draw trend lines, Fibonacci retracements, etc.

This allows you to focus in on stocks that you’re already keyed into or on stocks from a particular market sector. He’s created a stock picking service in addition to financial services, educational content and training to retail investors. Motley Fool Stock Advisor provides a list of five stocks they believe deserving of your money today. Members have access to the creator’s watchlist, his live positions shown in the member dashboard and historical data with the trades conducted since inception. Reading different opinions about the same stock helps investors develop their own informed opinions on the likelihood a stock will rise or fall.

Then you can pull that scan up as a watchlist noted by the purple circle. The watchlist will continually update without further need to scan. Once you have that, you can pull that scan up as a watchlist on mobile devices.

This means having access to tools and trading techniques that work with – not against – volatility to make markets chop and uncertainty tradable. If you want to learn how to use these tools to create a strategy that can promise higher rewards, check out this resource on technical analysis tools. The volatility in the stock market is always changing, so you should also conduct appropriate research about the volatility of a stock before initiating your very own swing trade. The stock screener also has dozens of filters, including the ability to sort by active price, swing percentages, volume, and more. Stock screeners can be excellent for swing trading because they provide investors with tons of tools and information that can be useful.

Trading days with high volume start new trends or end old trends. And the best thing is that market scanners can find extreme volume days easily. This scan uses the trading rules of the popular Holy Grail trading strategy from Linda Bradford Raschke, an experienced trader who has conducted intensive research into the art of swing trading.

What Are Good Moving Averages To Use With Highly Volatile Stocks?

Has a lot of useful information on its website, including a stock screener that investors of all skill levels can use. BTW, if you’re interested in the indicator that I use personally for very precise entries and exits, I’m happy to share that with you. Just send me an email at , and I’ll show you how to get access to that indicator.

One of its outstanding features is the ability to map and compare economic indicators with a company’s financial indicators to see how a company has performed in various economic conditions. But where it stands out is its broad coverage of international stocks across 130+ global exchanges. That’s why we chose TradingView as the best stock screener for global investing.