Support Board
Date/Time: Tue, 26 Aug 2025 05:18:56 +0000
How to setup a stock scanner that will scan for momentum?
View Count: 105
| [2025-08-11 14:47:12] |
| User634406 - Posts: 48 |
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What the title says, here's some clarification; I'd trade this (day trading)strategy off very fast charts like 500-1000 volume bars or so. I'm looking to catch the momentum as it kicks in and as things happen fast on such tiny charts, the scanner should trigger an alert as soon as price starts moving. I'd have not more than 100 stocks on the list. I saw in docs that you can set it up based on a study. However, if I'd use MA or some similar trend indicator, when market is choppy I'd get alerts all the time as price criss-crosses MA. I'm not even sure what to use here in terms of available studies as I generally stick with price action so I'm not familiar with the whole list of studies Sierra has. Any suggestions? I was thinking something based on series oh HHs and HLs and vice-versa for a downward move might work. So is there a study like that? Basically, the question is; can I use Sierra for this kind of momentum scanning and what would be the best way to set the scanner up? |
| [2025-08-11 15:02:30] |
| Sierra_Chart Engineering - Posts: 20734 |
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You first have to determine, the formula, which will make reference to studies and price bars, to determine the condition you are looking for and if you want to then monitor that in real time for 100 symbols you do need 100 charts open but they can be kept in the background. It is not a problem to have 100 charts open. They can be in a Chartbook that is active or visible. Not using any Windows resources. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2025-08-11 15:08:08] |
| User634406 - Posts: 48 |
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You mean "formula" as in me writing a piece of ACSIL code that will instruct Sierra what to look for, and then applying it to the whole chartbook, just as you'd use any other study on a chart? If so, where do I start with it. Not much of a coder, and not sure how complicated that is...? |
| [2025-08-11 20:12:17] |
| Sierra_Chart Engineering - Posts: 20734 |
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For the formulas, we are referring to Simple Alert Formulas that are documented here: Study/Chart Alerts And Scanning Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
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