With this ProRealTime pro*screener, transform your ProRealTime station into a tool to find the best performing stocks.
A screener, or scanner, is a software program that scans a list of assets to find those that match defined criteria. The Coherence Screener is a code we have developed to find trending stocks.
The Coherence Screener finds long uptrends with high momentum
First and foremost, the Coherence Screener uses the FTABoll indicator. By looking at coherence between FTABolls and their position to the 0 line, this screener finds upward swings in long uptrends.
Then it returns the stocks with the higher value of FTA (one component of FTABoll). It means that you get the most powerful trends.
Meet the Coherence Screener
This software works only in ProRealTime heavy client (not the web version where you cannot create your own screener). You have to create a free account. No charge to pay for ProRealTime for EOD prices.
With the free account, the Coherence screener will return at most 50 stocks of the selected market (Nasdaq, Nyse, …) The higher momentum are at the top.
How to use the Coherence Screener?
Now, the best way to use it is:
- to execute it once a day or week,
- then select the stocks that are in an uptrend with small corrections.
- Then put them in a watch list.
Often, they are detected near a top, but, after a decline, as the stock is in a long trend, a new upswing may occur with high probability.
What is the criteria shown in the window of the screener?
The criteria corresponds to the value of one of the FTA. The higher it is, the higher is the momentum. The stocks on the top of the list are the most aggressive.
Is it working in a downtrend?
No, the Coherence Screener only works with uptrends. More generally, we recommend to only long trade stocks. The best way to win on the stock market is to invest or trade in growth stocks.
How can I find the Coherence Screener?
You can get the Coherence Screener in the Etsy shop:
Illustrations : canva / Charts: TradingView