How To Spot And Screen For Chart Patterns With Finviz: Quick Summary List
Finding chart patterns along with other technical signals is as easy as going to the Finviz homepage. Part way down the page there is a section, which lists ticker symbols corresponding to a "signal." Signals include trend channels, double tops, wedges and triangles, to list a few. Each signal has four stocks listed beside it, which have (or recently had) price action corresponding to the signal.
Figure 1 shows the signals available, along with stocks that have those signals present on their chart (symbols will often change daily).
Simply holding the mouse over a ticker symbol will create a pop-up chart, allowing traders to quickly scan through a large number of stocks, finding the ones that suit their needs. For instance, at the time of writing, Sprint Nextel was listed under the "Channel" signal. Hovering the mouse over the ticker "S" brings up the chart with the current chart patterns drawn on it; see Figure 2.
The summary signals can be beneficial. However, only four stocks can be shown for each signal at a time. That means there are potentially many other signals available, which the trader may be missing if they only look through the stocks listed on the home page.
Also, the stocks are somewhat random in that some stocks may have lots of volume, big market capitalization or almost no volume and very small capitalizations. In other words, the stocks shown may not suit the trading style of the trader or may not specifically be what the trader is looking to trade. When the summary list cannot provide the chart pattern and stock combination needed, the comprehensive Finviz stock screener can be used.
SEE: Analyzing Chart Patterns
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Figure 1. Summary Chart Pattern List |
Figure 1 shows the signals available, along with stocks that have those signals present on their chart (symbols will often change daily).
Simply holding the mouse over a ticker symbol will create a pop-up chart, allowing traders to quickly scan through a large number of stocks, finding the ones that suit their needs. For instance, at the time of writing, Sprint Nextel was listed under the "Channel" signal. Hovering the mouse over the ticker "S" brings up the chart with the current chart patterns drawn on it; see Figure 2.
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Figure 2. Pop-Up Chart with Patterns |
The summary signals can be beneficial. However, only four stocks can be shown for each signal at a time. That means there are potentially many other signals available, which the trader may be missing if they only look through the stocks listed on the home page.
Also, the stocks are somewhat random in that some stocks may have lots of volume, big market capitalization or almost no volume and very small capitalizations. In other words, the stocks shown may not suit the trading style of the trader or may not specifically be what the trader is looking to trade. When the summary list cannot provide the chart pattern and stock combination needed, the comprehensive Finviz stock screener can be used.
SEE: Analyzing Chart Patterns
Next: How To Spot And Screen For Chart Patterns With Finviz: Comprehensive Chart Pattern Screener »
Table of Contents
- How To Spot And Screen For Chart Patterns With Finviz: Introduction
- How To Spot And Screen For Chart Patterns With Finviz: Quick Summary List
- How To Spot And Screen For Chart Patterns With Finviz: Comprehensive Chart Pattern Screener
- How To Spot And Screen For Chart Patterns With Finviz: Manually Filter The Results
- How To Spot And Screen For Chart Patterns With Finviz: Conclusion
by
Cory Mitchell
Cory Mitchell is a proprietary trader and Chartered Market Technician specializing in short to medium-term technical strategies. He is the founder of VantagePointTrading.com, a website dedicated to trader education and market analysis.
Graduating with a business degree, Mitchell has been trading multiple markets and educating traders since 2005. He has been widely published and is a member of the Canadian Society of Technical Analysts and the Market Technicians Association. His free weekend newsletter includes trading strategies, tutorials, as well as stock and forex market analysis.
Graduating with a business degree, Mitchell has been trading multiple markets and educating traders since 2005. He has been widely published and is a member of the Canadian Society of Technical Analysts and the Market Technicians Association. His free weekend newsletter includes trading strategies, tutorials, as well as stock and forex market analysis.
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