How to Scan a Current WatchList With a New Condition Set
You can now Scan any WatchList on the fly with any Condition or Condition Set you create. This allows for quick access to and application of any created conditions to any WatchList being viewed. Here are the steps for Scanning an existing WatchList using newly created condition(s).
1. Place a Checkmark next to Scan in any WatchList
This opens the Scan menu within the WatchList.
2. Select the Select Conditions dropdown
This opens the editing tool for creating a condition/condition set to be applied. (Note: whenever you see the blue funnel icon that menu is for creating conditions.)
3. Click Add Condition to open the criteria library.
In the Search field type the name of the condition(s) to be used for the Scan.
If you don't know the name of the criteria you can use the Categories to narrow the list and scroll to find the desired criteria desired.
4. Create the first condition
Click the criteria to be used for the condition.
Note: In this example we will build a Condition set looking for stocks with Price between $10 and $100, Average Daily Volume Greater than 500,000 shares, Stochastics is overbought and the stock is currently making a new 50 day high. However, any indicators, fundamentals, formula, etc., in the condition criteria library can be used for constructing a condition/condition set.
Click the Condition dropdown and select Is Between from the list.
Set the desired Minimum and Maximum values and click OK.
Note: when creating individual conditions, click the Save button to name and add them in the condition library for re-use.
5. Add the next condition
Click + Add Condition (the example will be: Average Volume Greater than 500,000 shares per day)
Use the typing shortcut in the Search field to type the number 90.
Select Volume 90-Day from the list.
Set the Greater Than value to 500000 and click OK.
6. Add the next condition
Click + Add Condition (the example will be: Stochastics overbought)
Use the typing shortcut in the Search field to type part of the word Stochastics
Select Stochastics from the list.
Set the Condition (Greater Than) value to 80 and click OK.
7. Add Final Criteria
Click + Add Condition (Price New 50 Bar High)
Use the typing shortcut to select Price as the indicator to use. Click PRICE in the list.
Click the Condition drop down and select New High. Set the At field to 50. Click OK.
The Condition Set is now complete.
- TC2000 assumes that the condition set is being constructed with all conditions set to the same timeframe (e.g. daily or 1-min). To mix timeframes, click the Use mixed timeframes tick box.
- When constructing Condition Sets, click the Copy Conditions button to copy conditions to the clipboard to use elsewhere in TC2000.
- Click the Save button to name and save the condition set.
8. Review Results
The resulting list of symbols will meet all of the Conditions that were set as part of the Condition Set. The number next to the blue Funnel icon tells how many conditions are in the Condition Set.
The total number of stocks found with the Scan conditions is always at the bottom of the WatchList window.
The time stamp next to Scanned shows when the Scan was last updated.
To refresh the Scan results click the icon which looks like two arrows going in a circle.
Streaming Scans: TC2000 Platinum users can Stream up to 15 such Scans simultaneously. TC2000 Gold users can stream a single scan. Choosing a refresh rate allows you to decide how often you want your scan results to be automatically re-scanned. Click the Refresh drop down menu.
Choose the time interval at which you want your scan to be refreshed. TC2000 automatically re-scans the WatchList to update results on that interval.
To apply the condition to any time frame, click the TimeFrame dropdown to choose the desired bar interval.
To sync the time frame to any other tool window (e.g. the Chart) use the TimeFrame link menu
9. Edit Condition Set
To re-enter/Edit the Condition Set conditions, click on the blue Funnel icon
Click on any of the Conditions
Change criteria settings in the Editor. Click OK when completed.
10. Scan a different WatchList for the Condition/Condition Set
Click the WatchList dropdown menu to select a different WatchList. Click on the name of the desired WatchList to make it the active list being filtered by the Scan condition(s).
11. Stop the Scan
Uncheck the Scan tick box to stop the conditions from filtering the WatchList
Note: the conditions in this article are only examples. Any indicators, fundamentals, PCFs, etc., within TC2000 can be used in an EasyScan.
The conditions and results of the Scan examples should not be construed as a recommendation to buy or sell any security. They are presented solely for educational purposes.