The Advanced Scanner provides you with the ability to screen the market for stocks or ETFs based on the trading criteria that are most important to you.
There are two ways to access Advanced Scanner:
- On the Main Menu in the top left corner of the ELITE platform, point to Research and then click Advanced Scanner.
- On the Research menu at the top of the ELITE platform, click Advanced Scanner.
The Advanced Scanner window appears.
From the main scanner window, select the criteria you want to use to scan the markets.
Assigning a Name to the Scan
To create a custom name for the scan, right-click the Default tab and then click Rename Tab.
To add more tabs to the Advanced Scanner window, click the + tab to the right of the existing tab(s). Multiple tabs allow you to run multiple scans within the same Advanced Scanner window. In the example below, we created multiple tabs for scans; one tab for stocks and one tab for ETFs.
Once you rename the tabs you can save the tabs as part of your layout.
Sorting and Scanning Options
From the main window you can choose what parameters you want the scanner to use.
From the Search list, click Stocks or ETFs.
The Advanced Scanner allows you to search the market based on technical criteria as well as more basic criteria such as price and volume. To view or select the individual scanning options, use the drop-down menu to choose a scan type.
Understanding Scan Types
The sections below define the features and pattern identifications of each scan type offered by the Advanced Scanner.
In addition to the technical scans, you can also click the arrow to the left of Additional Filters to adjust the results by the various fields.
The Additional Filters section contains the following fields:
- Min $ - Sets the minimum price of the security.
- Max $ - Sets the maximum price of the security.
- Min Avg Vol (20d) - Sets the minimum volume of your results; for example, setting this to 1000 would mean that your results only show stocks that trade over 1,000,000 shares per day on average over the last 20 days.
- Sector/Industry - Filter stocks by their respective Sectors and Industry Groups. From the Sector/Industry list, click individual Sectors or Industry Groups.
- Exchange: Filter results to only certain stock exchanges, AMEX, NASDAQ, and NYSE.
- Running the Advanced Scanner: After you choose your search parameters, the Run This Scan button becomes active. Click Run This Scan to perform the scan.
When the scan runs, the results display in column order based on the scan's focus so that the relevant data is readily available to you. You can sort the results by clicking on the fields to arrange the items in either ascending or descending order based on your trading interests.
For example, to sort the results by volume instead of alphabetically, click the Volume heading.
In addition, a time stamp and a number of results field displays in the scan window to the right of Run This Scan.
If there are no matching results, Advanced Scanner displays “0 Results Found “ in the results table below.
Working with the Scan Results
Once the scan is complete you can right-click the results to access the menu. From this menu you have the option to place a trade, create an alert, print, detach the scanner from the window, or close the scan window. In addition, you can also choose to open the symbol in a new window such as Charts, Sector Trends, and more by pointing to the Open Symbol In menu.
If the scan does not return any results or if you want to alter the filters, you can do so by returning to the filter area of the scanner and making additional adjustments to the filters. After you choose the new filters, you can run the scanner again by clicking Update Scan or by clicking Run This Scan.
Exporting Scan Results
If you want to export the results of your scans to a third party application via a comma delimited file or open all or a select amount of symbols into a watch list, click Export. A menu opens and from the menu, you can specify the symbols you want to export and where you can export them to. Choose the option you want and click Export in the lower right corner of the Export window.
Investors should consider the investment objectives, charges, expense, and unique risk profile of an Exchange Traded Fund (ETF) carefully before investing. Leveraged and Inverse ETFs may not be suitable for all investors and may increase exposure to volatility through the use of leverage, short sales of securities, derivatives and other complex investment strategies. These funds' performance will likely be significantly different than their benchmark over periods of more than one day, and their performance over time may in fact trend opposite of their benchmark. Investors should monitor these holdings, consistent with their strategies, as frequently as daily. A prospectus contains this and other information about the ETF and should be obtained from the issuer. The prospectus should be read carefully before investing.