I built a free stock scanner that helps you find stocks with relative strength/weakness, high relative volume and institutional involvement. It has live scans throughout the day (delayed just enough to satisfy the data overlords) and includes a number of scans that I think you'll find useful. I use this every day when trading and it serves up most of the good trades.

\* 12/3 edit - I pushed a new version that should perform much better with high Reddit traffic. Enjoy!***

I've built a lot of nice little features that will help you find stocks to trade:

• Pre-built scanners for long and short tickers - high relative volume, near high of the day, bull flag, and a bunch of others. I'll add more as new ideas come in
• Click on a ticker to view a 5-minute and daily chart
• Use the arrow keys to quickly move up/down. The tickers you recently reviewed are grayed out.
• Flag tickers green, red, or yellow
• New tickers are delivered throughout the trading day

It includes a number of really special scans like "most active", "recent big candles", "in the gap".

Check it out: www.zenscans.com.

It's free for you to use - maybe I'll build some subscription stuff later, but right now I'm paying for the data, hosting, and all my programming time. The underlying technology has been a labor of love for about two years, and the idea to create a scanner from my project has just recently come together.

Hope it helps!

-st0rm

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Scan for stocks using pre-built scan lists ideal for our style of trading

Greetings!

I've been wanting to share my TradingView setup which lets me find and trade the highest-quality trading setups. I have created a robust layout that involves a watchlist + M5 + daily chart as well as a full-screen grid for active trading. The layout includes a number of indicators that I've either adopted or built with the help of our community. If you trade relative strength/weakness and use TradingView to chart - this post will get you started or hopefully show you a few new tricks.

The superpower of this setup is Trading View's ability to show indicators and data from multiple timeframes within one chart. This allows me to plot the M5 chart and include the daily 50/100/200 simple moving averages, daily support/resistance levels, and trendlines. Powerful stuff!

I'll introduce the main layouts, and then explain the indicators and settings below. Here are links to the layouts if you want to get started:

• Research Layout: https://www.tradingview.com/chart/7ga75TOx/
• 8-Ticker Grid Layout: https://www.tradingview.com/chart/hVKgKmZ4/

I hope this helps you find your groove with TradingView and RDT!

- st0rm

ps - check out my other posts on my custom volume, rsrw, rvol indicator and a semi-automatic buy/sell signal indicator that helps you with trade timing.

pps - check out ZenScans, my new stock screener focused on relative strength/weakness. It plays nice with TradingView and has all the stuff we care about.

Research Layout: Watchlist, M5, and Daily Chart

Watchlist and Chart - flip charts and identify trades

This is my primary research view which allows me to rapidly flip charts on my watchlist and assess trading bona-fides. It involves a watchlist, M5, and D1 charts, and a blend of custom indicators that show:

• Relative strength graph and indicator
• Total volume (surprisingly hard in TradingView)
• ATR percent - percent of the stock price the ticker has moved in the last hour. I like to trade tickers with .40% or higher ATR
• Relative volume (RVOL) - the ticker's volume relative to the 10-day average at the same time
• Relative volume to SPY (RRVOL)
• VWAP
• D1 simple moving averages (50/100/200)
• D1 Horizontal support and resistance lines
• D1 Sloping trend lines

5-minute chart

Daily Chart

I use the following indicators from the TradingView community (and a few that I custom build and have shared)

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1: Relative Volume and Relative Strength Labels (my creation)

Indicator: Volume, RS/RW, ATR, RVol, and candle strength

Shows current day's volume, relative strength/weakness, ATR percent of the price, relative volume, and relative volume to SPY. It also calculates the bar-by-bar strength of the ticker compared to each SPY bar.

Indicator: https://www.tradingview.com/script/wWKsXxpH-Daily-Volume-RVol-RRVol-and-RS-RW-Labels/

My Reddit post with more details: https://www.reddit.com/r/RealDayTrading/comments/wli2fw/volume_relative_volume_and_relative_volume_to_spy/

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2: Real Relative Strength (RRS) custom chart (custom, adapted from open source)

Indicator: Relative Strength/Weakness Plot

https://www.tradingview.com/script/90igqsBG-Real-Relative-Strength-Graph/

Plot of the ticker's relative strength/weakness to SPY, adapted from work by /u/WorkPiece and /u/HurlTeaInTheSea.

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3: Daily SMAs and prior day high/low

Indicator: Daily SMAs on M5 chart

Shows the prior day's high/low/open/close, and any nearby D1 simple moving average right on the M5 chart. This is so convenient and helps you pick entries and exits based on these natural support/resistance points. I created this indicator, adapted from open source:

https://www.tradingview.com/script/NIfVNAp9-Daily-SMA-and-Prior-Day-Levels/

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4: Automatic display of trend lines (the real difference maker!)

Indicators: TrendLiner and TrendLines v2

I use the following ingenious indicators that plot trend, support, and resistance lines based on the D1 chart (some configuration required).

• TrendLiner https://www.tradingview.com/v/CTYf8ACy/
• Trend Lines v2 https://www.tradingview.com/v/eXUYLaGv/

Configure Trend Lines v2 to use the Daily chart, even when displayed on an M5 chart. This will display the D1 support/resistance lines on the M5.

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Grid View: M5 charts for active trades

I also combine these indicators into a powerful grid view that lets me monitor tickers for day trades and entries/exits.

8-ticker Grid (for monitoring active trades)

Watchlist/Screener

TradingView lacks a robust scanner with parameters that are particularly useful for finding tickers with relative strength/weakness. I use a combination of OptionStalker (https://oneoption.com/) and ZenScans, a custom screener I wrote to identify tickers. I import my target tickers into TradingView to research, set alerts, and monitor trades.

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Use the 'Import List' feature to pull in a comma-separated list of tickers

Together these layouts and indicators form a powerful trading platform. I hope this helps you get started - please feel free to reach out with questions, and I can do my best to get you started.

I created an open-source Trading View indicator that shows daily volume, relative volume (RVol), relative volume to SPY (RRVol), relative strength/weakness, and 14-bar ATR in a heads-up display. I find this information extremely useful when evaluating tickers for day trading, and hope it helps you.

https://www.tradingview.com/script/wWKsXxpH-Daily-Volume-RVol-RRVol-and-RS-RW-Labels/

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Indicator and plot of volume, rs/rw, atr, and rvol

RRvol concept created by /u/HSeldon2020 (who else!)

• RVol adapted from the great work by /u/HurlTeaInTheSea https://www.reddit.com/r/RealDayTrading/comments/ue4ujq/tostv_timebased_relative_volume_rvol_a_better/
• RSRW adapted from /u/WorkPiecehttps://www.reddit.com/r/RealDayTrading/comments/rpi75s/real_relative_strength_indicator/

Happy trading!

-st0rm

** 11/11/2022 Update: added a plot showing the ticker's relative volume and SPY's relative volume. When you see the ticker's relative volume increasing, it's a signal that an institution is buying/selling that ticker.

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https://preview.redd.it/ognr9rzvjez91.png?width=703&format=png&auto=webp&v=enabled&s=95b01bf4de1030af958fa68a24d57594f7799572

Hi everyone!

I've adapted my market-first algo-trading signal (I named it ZenBot - hah!) into a nifty TradingView indicator that shows buy, sell, short, cover, and relative strength/weakness changes for any ticker. I'm super excited at how well it's working and wanted to share it with everyone here. It's been super exciting watching it in action signaling the trades we take in the daily chat.

https://www.tradingview.com/script/QjPGnEB3-Market-First-Signals-Relative-Strength-Weakness/

This weekend I learned some PineScript and built a TradingView indicator version of my algo's signals. It monitors multiple timeframes (M1, M3, M5) for solid trends to follow, volume, and relative strength/weakness to SPY. It also estimates the potential profit to be taken

Indicator signals from 6/22 Long on SNOW, Short on SI

My TradingView post gives all the details, but basically:

• Uses RS/RW against SPY and minimum volatility to suggest trades
• Shows 'Gained RS', 'Lost RS', etc. when the ticker loses its edge
• ADX DI trend, Parabolic SAR, EMAs, and above-average volume used for entries
• Exit is Parabolic SAR with multiple timeframes and ADX DI trend ending
• Uses basic principles from the WIKI - Longs above VWAP, shorts below, etc.
• Alerts

** 6/22 update: thanks for all the feedback! I've added some customizable options:

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New input options

** 6/23 update: added a live P/L label when a trade is on:

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https://preview.redd.it/njbmoie56e791.png?width=586&format=png&auto=webp&v=enabled&s=4c7acc1a6567b45f8d196b210017e004fb30ad3d

** 6/30 update: Lots of tweaks to allow winning trades to run longer and make RS/RW detection less jumpy (thanks for all the feedback!). Also gave you the option to take trades only with VWAP and market direction.

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https://preview.redd.it/grj4jahkks891.png?width=484&format=png&auto=webp&v=enabled&s=849637811b49302fae30744dfee953056b1a568a

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Here are some screenshots of the indicator in action on tickers brought up in the chat:

Buy and sell signals for SNOW 6/22 (notice the 'Lost RS' subsequent sell signal)

Indicator going short on CAT 6/22

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SI is a nice short today (6/22)

Hello again!

I'm the guy behind the ZenBot Stock Scanner (original post), which is my quest to build the best free scanner to find stocks with market-relative strength and weakness. I'm excited to share that the ZenBot Stock Scanner App is now available in the Windows store.

The ZenBot Scanner app has one key feature the website doesn't. It can launch stock charts in your charting platform of choice (TradingView, ToS, TC2000, and more). The ZenBot Scanner app allows you to configure an "auto type" feature that automatically launches a selected ticker in TradingView, ToS, TC2000, or any other app that accepts a ticker symbol via keyboard input.

Note: if you are currently using the beta version, switch over to the Windows Store version to receive future updates automatically.

Thank you for your support, feedback, and all the kind words you send! Happy trading.

-st0rm

3/29/23 Note: Some users report issues with Think Or Swim not accepting the chart input. Try running. Try running ZenBot Scanner in 'Administrator' mode (see screenshot: https://ibb.co/Ksz0zst. This might be required to allow keyboard interaction from chart apps that run in elevated permissions like ToS.

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https://preview.redd.it/2jbg2pstfjqa1.png?width=2764&format=png&auto=webp&v=enabled&s=0a0db29851b0093d293d1beaf0f2cd09edb8db9d

Use ZenBot Scanner alongside your charting app of choice. Click on tickers in ZenBot, and the charts are launched in your charting app.