Writing a scan for Nasdaq stocks

Gregory

Trying to write a scan for the Nasdaq for stocks with market cap of 500M-1B, volume of 500K and above, and stock price of $10 and above.

markd

You can create this scan from the drop downs in the scan workbench. Select the appropriate keywords from each drop down, click Add, and then edit the default code that appears in the scan window.

exchange and market cap are under Ticket Properties, volume and price are under Price Volume and SCTRs.

Selecting the default text for each would get you this

[type is stock] and [sma(20,volume) > 40000]
and [exchange is NYSE]
and [market cap > 10,000]
and [market cap > 10,000]
and [Close > 99.9]
and [Volume > 9,999,999]

Edits for your criteria would be

[exchange is NASD]
and [market cap > 500] // market cap is in millions
and [market cap > 1000]
and [Close > 10]
and [Volume > 500000]

Depending on the results, you may want to make the universe smaller by asking for a sector or industry. You can select those from the Sectors and Industries drop down:


[group is BroadcastingEntertainment]
and [exchange is NASD]
etc.

Coding tips -

the first line always begins with a bracket [

every other line begins with "and"

a useful tool is the "rank by" statement. It always last and never begins with "and"

[exchange is NASD]
and [market cap > 500] // market cap is in millions
and [market cap > 1000]
and [Close > 10]
and [Volume > 500000]
rank by market cap

If you want to get into detail on scan writing, click the "Instructions" button in the lower right corner of the scan writing window. There are lots of resources. Also there are sample scans available that you may be able to use out of the box.

Gregory

Thanks for the help.

lmkwin

There is also a tab on the top of the workbench for Predefined Scans and Sample Scan Library. Both will allow you to edit the scan code to make whatever changes you would like, and to save it to YOUR scan library listing.

It is a GREAT way to learn to write scans. You take something that is formatted correctly and modify it to meet your needs.

Gregory

Thanks for the feedback.