RADAR

RADAR is a visual representation of Screener events. RADAR helps traders understand the visual occurrence of events when a stock price moves up or down. Visual cues help us find a pattern in the movement of a security and take a position. RADAR is an effective stock filter that limits exposure to only those stocks that meet the investors’ parameters. The parameters are unique as they’re set by the traders themselves.

When the market is in a bullish or bearish trend, the opening is very important. A trader normally tries to understand how many stocks opened, up or below as compared to yesterday’s close price. RADAR helps trader understand how many stocks have Gap Up, Gap Down, Filled Gap Up, Filled Gap Down openings. In case of a majority on either side, it is easy to gauge the trend continuity.

The next step after market opening is to understand the ongoing momentum and it is very important to know how many stocks are breaking resistance or support levels. Majority of stocks Breaking Resistance Level 1 followed by Resistance Level 2 show a bullish momentum and vice versa. RADAR helps you understand this scenario at any point in time. This is very useful in momentum trading. When the market is very volatile, with most stocks at Support 3, 60%-80% of the time, we have a small bounce back or retrenchment Resistance case. Suppose we have a great session in the market, where we have Gap Up Openings, followed by securities Breaking Resistance level. To determine whether the trend has legs to go far, the Vol > Prev Day’s Vol with Price Gain is a great indicator to verify the trend. RADAR gives you supporting data like 52 Week along with Day’s High and Breaking Resistance that shows the ongoing momentum.