Volatile Vantage Intraday Screener
- Financial Vines
- May 19, 2023
- 3 min read
Are you ready to discover the most exciting and potentially lucrative intraday trading opportunities in the stock market? Brace yourself for a high-octane journey where we harness the power of volatility to uncover hidden gems. This dynamic screener is designed to filter through the vast sea of stocks and present you with only the most promising candidates that possess the explosive potential to make your trading dreams come true. Get ready to ride the waves of price movement, volume surges, and thrilling market action as we unveil the parameters of this electrifying stock screener.
1. Pre-market Change Greater than +1% or -1%
This parameter filters stocks based on their price movement during the pre-market trading session. By setting a minimum threshold of +1% or -1%, we can identify stocks that are experiencing significant price fluctuations before the regular market opens. This allows traders to capitalize on early momentum and potentially identify profitable opportunities.
2. Pre-market Volume Greater than 100,000 shares
This parameter filters stocks based on their trading volume during the pre-market session. A high pre-market volume indicates increased investor interest and can be an early indication of potential price volatility. By setting a minimum threshold of 100,000 shares, we focus on stocks that are actively traded before the market opens, enhancing the chances of finding stocks with strong trading opportunities.
3. Market Volume Greater than 50,000 shares
This parameter filters stocks based on their trading volume during regular market hours. A high market volume indicates increased liquidity and trading activity, making it easier to enter and exit positions without significant slippage. By setting a minimum threshold of 50,000 shares, we narrow down our search to stocks that have sufficient liquidity and are actively traded during the regular market session.
4. Relative Volume Greater than 1.2
The relative volume compares the current trading volume of a stock to its average volume over a specified period, such as the past 30 days. A relative volume greater than 1 indicates higher-than-average trading activity. By setting a minimum threshold of 1.2, we focus on stocks that are experiencing significantly higher trading volume than usual. This can indicate increased interest from traders and potential opportunities for profit.
5. Average True Range Greater than ₹5
The Average True Range (ATR) measures the volatility of a stock by considering the price range over a specified period. A higher ATR suggests greater price volatility. By setting a minimum threshold of ₹5, we filter for stocks that have sufficient price movement to present trading opportunities. Stocks with larger price ranges can offer potential profit opportunities for intraday traders who seek price volatility.
The combination of these parameters in the "Dynamic Opportunity Scanner" helps identify stocks that have shown significant price movement and trading activity during pre-market and regular market sessions, with increased volume and volatility. Traders can use this screener to identify potentially profitable intraday trading opportunities.
Note: The "Volatile Vantage Screener" parameters are designed to be used specifically with a 15-minute time frame chart, ensuring optimal accuracy and relevance for intraday traders.
Disclaimer: The stock screener provided by Financial Vines App or any related entities is for informational purposes only. It does not constitute financial advice or recommendations. Users are solely responsible for their investment decisions and acknowledge that Financial Vines App bears no responsibility for any losses incurred. It is always advisable to conduct thorough research and consult with a qualified financial professional before making any investment.
Will try on monday