Market Screener Pro
This indicator gives the trader a highe level overview of all important sectors and their constituents. This way a trader can have an birds eye if the big stocks are moving in earnest or not.
WHAT IT DOES
The indicator the top stocks on the market and evaluates 5 important parameters.
👉Daily Change (with color coding)
- Lime means move over +1%
- Green means positive for the day but less than +1%
- Red means negative for the day but not less than -1%
- Birght Red means negative for the day with less than -1%
👉SQN100 based on Van Tharps methodology devides the stocks into trends
- SB = SuperBullish
- B = Bullish
- N = Neutral
- Br = Bearish
- SBr = Super Bearish
👉Squeeze Pro: We review for which stocks have a daily Squeeze PRO and if it is mid, low or hight
👉ADX: Looks at the momentum of the stocks move.
- Light blue means strong positive momentum
- Red means strong negative momentum
👉UDV stands for Up/Down Volume and looks at the ratio between two.
-Green means positivie UDV - in other words there is more up than down volume
-Red means negative UDV - in other words there is more down than up volume
HOW TO USE IT
I usually consult the Market Screener Pro, when I want to see what the market is doing. I look to see if there is any particular rotation into a certian sector or stock. Sometimes I see a single sector outperforming while other sector is strongly underperforming. This navigates my attention where to look for long and short setups.
Get the indicator for FREE:
This indicator is part of our Stage Analysis course, so if you have purchased the Stage Analysis course, follow the instructions how to get access to the indciator for free.
After you have purchased the indicator have to send us your TradingView username in order to get access.
Please send us an email and we will send you over a link where you can download the file.
Link to TradingView script
After payment is made, access to the script will be given within 2 hours