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The scan feature is a powerful scanning system designed to find profitable
trading opportunities in any type of market. Whether you’re a day trader, swing
trader, or position trader, you can use scan feature to instantaneously search
the market to find the stocks that meet your personal trading criteria. There
are four types of scans available: Custom Scan, Correlation Scan, Trend Scan
and ETF Scan
Custom Scan
In Custom Scan, a wide range of selections are available, namely
Company basic, Components, Price, Liquidity, Technicals and Fundamentals. The
basic procedures are as follows:
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Define your Scan: Simple click through the criteria to set up a scan, or
load the scan saved previously.
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Run the Scan, View Results (Data and Charts) and Pas perforamnce
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Fine tune your Scan and repeat step 2
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Save your Scan
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Export the Scan result to your Watchlist
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Run Portfolio Rebalance to move stocks to your Portfolio if they are meet your
predefined buy rules.
For example, with the custom scan you can easilly find the stocks
with results that look like this
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Figure 1. Custom Scan Example
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You can also look at the compound performance chart over a certain
period of time for the scan results and give you a sense how they are
performing in the past. Below is the performance chart example over one
year period.
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Figure 2. Scan Performance Chart
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Correlation Scan
Enter a symbol to find high or low correlated securities that may
help with your swaps or assist in building a more diversified portfolio.
Correlation Scan helps identify relationships between stocks. It
offers a metric for comparing the movement of a specific stock with other
stocks and market indices.
The correlation coefficient of two stocks characterizes the price
interdependence between them. This value ranges from -1 to 1. A coefficient
near 1 (Correlated) signifies similarity in price behavior, whereas a value
near -1 (Anti-correlated) signifies inverse price behavior (i.e. when one stock
goes up the other goes down and vice versa). A coefficent near 0 (Uncorrelated)
signifies independent price behavior (i.e. no relationship is found).
For example, if you want to find all the stocks that
are moving in a pattern similar to UAL Corporation (ticker:UAUA) in the
past three months, with Correlation Scan, you can easily find the stocks that
look like this:
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Figure 3. Correlation Scan Example
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Trend Scan
Trends are measured and identified by "trendlines". Understanding
trends requires the analysis of trendlines. We developed a quantitative model
to calculate stock trendline values every day after market closed, and then we
calculate the rank value based on the trend value. The trend rank value is
based on a certain timeframe namely short-term, intermediate-term and
long-term. The rank values from 1 to 100 with higher the rank value, higher the
uptrend, 50 is the neutral trendline. Rank value less than 50 consider as
downtrend. With the trend ranking system, the scan made easy to locate the
uptrend momentum stocks. Below is an example of Trend scan results with
short-term, intermediate-term and long-term trend rank value > 80.
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Figure 4. Trend Scan Example
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ETF Scan
ETF scan is exclusively designed for ETF. You
can seach ETF by the following criteria:
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Fund Category
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Price
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Liquidity
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Ratings
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Performance
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Technicals
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