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The results will appear at the bottom of the screen like orderly soldiers. If you don’t find what you need in the prebuilt drop-down list, you can even create a custom quote formula.ħ-In the next menu, to the right, select Ascending, then Scan. You can stick to the default and sort by symbol. The default inputs for this filter are ADX crosses above 20 with an input length of 14, which we’ll keep.Ħ-In the Sorted by menu, there are several choices for how you want to sort your scan results. For the third filter, select Study and from the corresponding drop-down list, select ADXCrossover and your parameters. Add another stock filter, select Volume from the menu, and specify the minimum and max volume. Then select Last from the stock drop-down list and enter a minimum and maximum price. As an example, let’s add three filters for the All of the following category.ĥ- For the first filter, select Stock from the +Add filter drop-down list. Select All of the following, None of the following, or Any of the following.Ĥ-From the +Add filters button, select the filter type from the drop-down list for the above three categories. Past performance does not guarantee future results.ģ-Select Add Condition Group (to the right of the Setup Scan row). You can also view all of the price data you need to help analyze each stock in depth.įIGURE 2: SELECTING ALL OPTIONABLE. Under the Scan tab, click Category > All Optionable to narrow your choice set to stocks with listed options. Image source: the thinkorswim platform from TD Ameritrade. And with a wide variety of stock analysis filters at your disposal, you can immediately pull up a list of stocks that fit your preferred parameters. Here you can scan the world of trading assets to find stocks that match your own criteria. Take a look at Stock Hacker on the Scan tab of the TD Ameritrade thinkorswim trading platform (see figure 1). But there’s a simpler and more logical approach to find stocks for further stock analysis, to identify potential trades, and plot clear charts with minimal indicators to help anticipate what a stock might do next. Too many indicators can often lead to indecision and antacids. Once you ’ve identified a subset of stocks matching your criteria, you can use technical analysis to complement your fundamental outlook.The Stock Hacker tool in the thinkorswim ® platform can help you match potential trade candidates to a set of fundamental criteria.
