eSignal Market Scanner - Features and Overview
eSignal Market Scanners provide a quick and effective way of scanning the 3 major US Equity Markets (NYSE, AMEX and NASDAQ) in Realtime. There are a few packages to choose from (outlined below) and you can purchase these scanners as an add-on to eSignal or MarketCenter LIVE or as a standalone service.
These scanners come pre-packaged with a series of filters and display choices. There is no customization available outside of the exisitng choices. If you are an eSignal subscriber, you can seamlessly integrate the scanner into your page or layout and have the results from each scan automatically display in a quote window. See related articles for further assistance on the steps to integrate into eSignal.
NOTE: eSignal Scanners are available as add-on subscription items. All existing eSignal subscribers can try the Turbo Scanner package for FREE for 30 days (only one 30 day free trial per customer).
To get your free 30 day trial for the Turbo scanner package, click here for Account Maintenance or contact our Sales Department.
The Basic Package
The Basic Package contains one scanner that allows you to view market activity by volume, price range and percent gainers and losers in real time.
The Power Package
The Power Package gives you three scans: Power Scan, PreMarket Scan and Hot Groups Scan.
The Turbo Package
The Turbo Package gives you four scans and includes Power Scan, PreMarket Scan, Hot Groups Scan and Rally Scan.
What is Basic Scan?
The Basic scan allows you to view market acitvity by volume, price range and percent gainers and losers in real time.
What is Power Scan?
Power Scan is part of the Power and Turbo Packages. This scan is an extremely flexible, powerful, all-purpose market scanner. Learn which stocks in the entire stock market are hot and which are in trouble right from the opening bell. Limit results to only those stocks that suit your unique trading/ investing personality. Power Scan scans the entire market in real time. It allows you to view, in real time, market activity by volume, $ and % gainers and losers, high/low at 3, 5, 10, 20 days and 52 weeks, abnormal volume, bid/ask spread and more. You can also customize your searches based on price, volume and market cap by eliminating stocks that don't meet your trading requirements. eSignal users can copy results directly into eSignal to track in real time and provide even tighter decision support. Plus, you can access charts, news and company research to learn more about each potential trading opportunity.
In Power Scan, what does the term heavy volume mean and what does it take for a stock to be included in the heavy volume scan?
An issue will appear on the heavy volume scan list in Power scan when the current day's volume exceeds the 20 day average volume by 100% for that issue.
What is PreMarket Scan?
PreMarket Scan is available through the Power and Turbo Packages. PreMarket Scan informs you of hot trading prospects starting at 8 a.m. EST, before the trading day begins. It will help you focus on some of the very best trading opportunities before the opening bell. Learn the influences and the power brokers, read the stories, study the charts before trading begins.
Automatically scan the entire Nasdaq market before the trading day begins, so you can spot opportunities. View market activity by volume, $ and % gainers and losers. Customize your searches by viewing market activity by industry, exchange, price range and volume. eSignal subscribers can copy results directly into eSignal to track in real time and provide even tighter decision support. Plus, access charts, news and company research to learn more about each potential trading opportunity.
What is Hot Groups Scan?
Hot Groups Scan is available in the Power and Turbo Packages. Find out which groups are hot and which are not each morning in time to capture quick profit trades or determine investment strategies. Hot Groups Scan automatically scans the entire market to display trading opportunities by sector in real time. (Information is displayed in a pyramid format with colors denoting best-to-worst opportunities.) Set the minimum number of stocks per sector to give you the best results. Drill down to view companies that make up each sector to zone in on stocks of interest. Plus, access charts, news and company research to learn more about each potential trading opportunity.
What is Rally Scan?
Rally Scan is available through the Turbo Package only. At approximately 10:30 a.m. EST and again at 2:30 p.m. EST, big Wall Street money pushes hot stocks up and sour stocks down. It's the law of supply and demand and it happens every day! This extremely intelligent and accurate scanner captures every big move of the day.
eSignal users can also copy results directly into eSignal to monitor momentum with a host of powerful decision support features found in eSignal.
How high does a stock have to go before it gets included in the Rally scan?
The current price of the stock just has to be greater than the highest price of the stock during the first hour of trading. There is no minimum percentage or limit in the price of the stock before it gets included in the scan, the price just has to be higher than the highest price during the first hour of trading.
What is Trading Scan and the Breakout Scan in the Rally Scanner and what is the main difference between the two?
The Trading Scans rank the results by order of magnitude with the largest moves listed first. These scans will identify those stocks that have had large moves above or below a range either following the first hour of trading or following the trading at noon.
The Breakout Scans will identify those stocks that are just breaking above or below a range either following the first hour of trading or following the trading at noon. The stocks closest to the breakout level are ranked first.
The main difference between the Trading Scan and the Breakout Scan is the order they are sorted. The breakout scan sorts the data and puts those issues that have exceeded the high by the smallest amout/percent at the top of the list. The trading scan takes the same data and sorts it so those issues that have exceeded the high by the most amount/percent are at the top. The list of issues for the Breakout Scan is the same list of issues in the Trading Scan in reverse order.