How To Select Condition Set for Scan Plot Summary
A Scan Plot Summary allows you to plot a summary of scan results historically over time. A graph is created from the Scan for 1500 bars in any timeframe. Each bar tells you the number of times a specific number of results for your selected WatchList has been returned over the 1500 bars. The shape of the graph makes it easy to see if a scan generally produces many or few results. The graph shows the percent of stocks passing conditions when looked at over the 1500 bars of time giving you an idea of "normal" results. You also clearly see where current results fall in comparison. You can think of a scan plot summary as an abbreviated view of a full scan plot. It’s nice because it doesn’t use up space on your chart and It’s a quick way to:
- Historically test your conditions on-the-fly.
- See how your scan is performing now versus how it normally performs.
Examples of different summaries are below.
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How to Select New Scan Conditions for the Summary
Click the Scan name in the Plot Summary window
This opens the Edit window
Click the Delete icon to remove all scan conditions in order to start fresh
Click Add Condition (+) to create a new condition(s) for the scan. This opens the new condition toolset
Click the File Folder icon to open the Condition Set library to see your saved condition sets.
Select desired condition/condition set.
The new condition/condition set is now in your condition edit window. Click Apply and then OK. Note: Condition sets using mixed time frames will create a Scan Plot using only one time frame for all conditions.
This generates a Scan Plot Summary with new conditions.