Possible to scan for this setup? (Trade Ideas)

Discussion in 'Trading Software' started by wonderd, Mar 2, 2018.

  1. wonderd


    Hello everyone. I am wondering if it is possible with Trade Ideas to find a specific setup. A screenshot of the setup looks like this https://www.screencast.com/t/jAqspMsH WTI coming directly off of a steady/defined low approaching vwap on a very gradual incline.

    I used Trade Ideas "Stock Like This" feature. link below. However the settings it spits out I think are too specific in order to find these setups. Appreciate the feedback.

  2. lylec305


    was there an increase in volume ?
  3. wonderd


  4. Aok


    You will not find this alone in the wild. But you can find it.

    Probably the easiest way is with a Top List scan. You can also find it via alerts as well but you're more likely to miss it in the action.

    Paste this into your "Collaborate" menu option and you will see the exact criteria.


    I made some assumptions based on your chart. (ex, stock between 1-5$, Price < vwap, Last < yesterday close etc)

    If you dont like them uncheck, change, or simply omit them. Trade Ideas is very powerful but you have to think a little more creatively to get around their canned parameters.

    Then all I did was sort via 5 min % change. WTI was the 10th "best" stock meeting all said
    criteria at that moment in time (Thursday 3/1 11:35 am EST) Keep in mind that TI updates it's Top List every 30 seconds, so that may be a deal breaker or it might not matter for your purposes.

    Basically what will happen is the "best" stocks will continously be near the top of this list depending on your criteria and what you sort by over X time frame so long as conditions = true.

    Hope that helps.

  5. wonderd


    Thank you for the help man!