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 Basic Scanner in ChartAlert®

The Advanced Scanner includes ALL the Factory Scans available in the Basic Scanner, and more.
The common features, and the differences between the Basic Scanner and the Advanced Scanner, are listed below.

Basic Scanner/ Screener Advanced Scanner/ Screener
Menu-driven Interface Script-based Interface, where the end-user can write/ re-write scans using the scripting language
Ships with several Factory Scans
Factory Scans can be copied by end-user, and the parameters of the scan can be modified for re-use
New scans cannot be created New scans can be written using the scripting language
Complex scan algorithms cannot be created Complex scan algorithms can be written using the scripting language
Scans cannot be run across segments — that is, Candlestick/ Techinical Indicator/ Other scan algorithms cannot be combined and run Scans can be run across segments — that is, Candlestick/ Techinical Indicator/ Other scan algorithms can be combined and run
 


Menu-driven Candlestick Scans — Daily / Weekly / Monthly
Pattern Detection Scanning

At the End-of-Day, End-of-Week or End-of-Month, ChartAlert® can scan or screen symbols based on the in-built Candlestick pattern detection or Candlestick pattern recognition algorithms ... The following Candlestick patterns are covered ...
 
Bullish Reversal Patterns:
Counter Attack Line
Engulfing Line
Hammer
Harami
Harami Cross
Inverted Hammer
Meeting Lines
Morning Doji Star
Morning Star
Piercing Line
Stick Sandwich
Three White Soldiers
Tweezer Bottom
 
Bearish Reversal Patterns:
Advance Block
Counter Attack Line
Dark Cloud Cover
Engulfing Line
Evening Doji Star
Evening Star
Hanging Man
Harami
Harami Cross
Meeting Lines
Shooting Star
Three Black Crows
Tweezer Top
 
Bullish Continuation Patterns:
Rising Three Methods
Separating Lines
Upside Gap Three Methods
Upside Tasuki Gap

Bearish Continuation Patterns:
Downside Gap Three Methods
Downside Tasuki Gap
Falling Three Methods
In Neck
On Neck
Separating Lines
 
Scan results are then published in a report that is ...
Extremely customizable
Extensively manipulatable

Menu-driven Chart Pattern Scans — Daily / Weekly / Monthly
Pattern Detection Scanning

At the End-of-Day, End-of-Week or End-of-Month, ChartAlert® can scan or screen symbols based on the in-built Chart Pattern detection or Chart Pattern recognition algorithms ... The following Chart Patterns are covered ...
 
Broadening Tops
Broadening Bottoms
Double Tops
Double Bottoms
Triple Tops
Triple Bottoms
Flags
Pennants
Head & Shoulder
H&S — Inverse
Rectangles
Triangles
Wedges/Diagonals
 
Gap Ups
Gap Downs
Highs & Lows
Island Tops
Island Bottoms
Heikin-Ashi
Kagi Chart Type
Renko Chart Type
3LB Chart Type
P&F Chart Type
Swings
 
Scan results are then published in a report that is ...
Extremely customizable
Extensively manipulatable

Menu-driven Harmonic Pattern Scans — Daily / Weekly / Monthly
Pattern Detection Scanning

At the End-of-Day, End-of-Week or End-of-Month, ChartAlert® can scan or screen symbols based on the in-built Harmonic Pattern detection or Harmonic Pattern recognition algorithms ... The following Harmonic Patterns are covered ...
 
5-0
Bat
Alt Bat
Butterfly
Crab
Deep Crab
Gartley
Shark
Three Drives
ABCD
ABCD Extn
 
Scan results are then published in a report that is ...
Extremely customizable
Extensively manipulatable

Menu-driven P&F Pattern Scans — Daily / Weekly / Monthly
Pattern Detection Scanning

At the End-of-Day, End-of-Week or End-of-Month, ChartAlert® can scan or screen symbols based on the in-built P&F Pattern detection or P&F Pattern recognition algorithms ... The following P&F Patterns are covered ...
 
Bullish Patterns
Double Tops
Triple Tops
Spread Double Tops
Spread Triple Tops
Ascending Triple Tops
Bearish Signal Reversed
Bear Trap
Low Pole
Long Tail Down Reversal
 
Bearish Patterns
Double Bottoms
Triple Bottoms
Spread Double Bottoms
Spread Triple Bottoms
Descending Triple Bottoms
Bullish Signal Reversed
Bull Trap
High Pole
Long Tail Up Reversal
 
Bullish & Bearish Patterns
Broadening Patterns
Catapults
Triangles
Multi-Column Patterns
Vertical Counts
 
Scan results are then published in a report that is ...
Extremely customizable
Extensively manipulatable

Menu-driven Renko Pattern Scans — Daily / Weekly / Monthly
Pattern Detection Scanning

At the End-of-Day, End-of-Week or End-of-Month, ChartAlert® can scan or screen symbols based on the in-built Renko Pattern detection or Renko Pattern recognition algorithms ... The following Renko Patterns are covered ...
 
Bullish Patterns
Double Bottoms
Triple Bottoms
Head & Shoulder Inverse
Triangles – Ascending
Renko Support
Renko Resistance-to-Suppport
 
Bearish Patterns
Double Tops
Triple Tops
Head & Shoulder
Triangles – Descending
Renko Resistance
Renko Support-to-Resistance
 
Scan results are then published in a report that is ...
Extremely customizable
Extensively manipulatable

Menu-driven Moving Average Scans — Daily / Weekly / Monthly
Pattern Detection Scanning

Moving Average Scans are MA-based algorithms that scan symbols at End-of-Day, End-of-Week or End-of-Month for potential Bullish and/or Bearish signals.
The parameters of each of these Scans can be customized and saved by the end-user.

Scan results are then published in a report that is ... Extremely customizable ... Extensively manipulatable

Menu-driven Technical Indicator Scans — Daily / Weekly / Monthly
Pattern Detection Scanning

Technical Indicator Scans are indicator-based algorithms that scan symbols at End-of-Day, End-of-Week or End-of-Month for potential Bullish and/or Bearish signals.
The parameters of each of these Scans can be customized and saved by the end-user.

Scan results are then published in a report that is ... Extremely customizable ... Extensively manipulatable

Menu-driven Trading System Scans — Automated Buy and Sell Signals — ~33% of NSE Cash Universe
Backtesting Scanning

Trading Systems, a collection of powerful analytical algorithms that keep you informed about the current technical status of a Symbol, come in short- and medium-term time-frames, and are screened and ranked for 33% of NSE's Cash Stocks — these Symbols can be screened for automated Buy and Sell signals ... A typical detailed proprietary Trading System Scan includes ...
 
Type and Rank of Trading System
Recommendation
Retention Rate
Success Rate
Relative to Buy/Hold Index
Average Win-Loss Ratio
Profit Factor
Return-on-Account
Risk-Reward Index
 
Scan results are then published in a report that is ... Extremely customizable ... Extensively manipulatable

Detailed Statistics of Trading Systems — Automated Buy and Sell Signals — ~33% of NSE Cash Universe
Backtesting Scanning

The proprietary Trading Systems Scanner also lets you run a detailed Scan at End-of-Day ... The scan results include detailed statistics of automated Buy and Sell signals for an eligible Symbol, from the origin of trading to the present traded day ... The scan results include the following ...
 
Gross Profit & Gross Loss
Net Profit
Retention Rate
Winning Trades & Losing Trades
Success Rate
Net Profit per Trade
Largest Win per Trade & Largest Loss per Trade
Avg Win per Trade & Avg Loss per Trade
Average Win-to-Loss
Maximum Drawdown
Profit Factor
Return-on-Account
Return Ratio

 Advanced Scanner in ChartAlert®


ChartAlert® Scripting Language-based Advanced Scanner
Pattern Detection Scanning

ChartAlert® Scripting Language, or CASL, is a text-based powerful scripting language in English, that provides straightforward methods to create scanning algorithms to scan stocks, futures, options and/or commodities for bullish and bearish signals ... You can create algos based on the following ...
 
Candlestick Patterns
Chart Patterns
Harmonic Patterns
Point & Figure Patterns
Renko Patterns
Moving Averages
Technical Indicators
Trading Systems (Proprietary)
 
Scan results are then published in a report that is ...
Extremely customizable
Extensively manipulatable

Text Editor or Prompter
User Interface

CASL includes an in-built Text Editor/ Prompter, that makes it easy to do the following ...
Modify existing Scans by Re-writing or Re-building
Copy/ Edit/ Modify/ Save existing Factory Scans
Create or Write absolutely New Scans — this is not possible in the Menu-based Basic Scanner
Use numerous ANDing/ ORing Conditions
Write and/or Copy/ Edit/ Modify/ Save numerous Filters
Combine multiple Scans

P&F Relative Strength Matrix
Scanning Noiseless Charts

Imagine an "arm-wrestling match" where one symbol is pitted against several other symbols. The resultant face-off shows where outperformance resides. RS Matrix is a measure of how that one symbol is doing against several others.
 
Create and scan chart pairs
Plot chart pairs (ratio charts) or scan them using P&F parameters
Build a Relative Strength Matrix of "n" number of symbols
 
With the RS Matrix, scan for ...
A symbol's RS BUY signal vs the market (say, NIFTY)
A symbol's RS column (X) vs the market (say, ICICIBANK/NIFTY)
A symbol's RS BUY signal vs the peer group (say, BANKNIFTY)
A symbol's RS column (X) vs the peer group (say, ICICIBANK/BANKNIFTY)
Overall trend of a symbol (is it trading above the 45 degree BSL?)
 

P&F Trend Matrix
Scanning Noiseless Charts

Trend Matrix is a modified version of the concept behind the Relative Strength Matrix.
Evaluate a symbol with multiple P&F parameters, and assign a weightage to each iteration of the P&F parameter used
Rank the resultant output with a score:  Strong symbols (that are trending higher) have high scores, and weak symbols, typically the ones to avoid, have weak or negative scores

Coming Later
More Concepts for Scanning
Scanning

  • Scan on the basis of Financials/ Fundamental Analysis parameters

  • Go back to Charting in ChartAlert®

    Learn more about the CASL/Advanced Scanner Examples

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