Stocks & Commodities V. 23:6 (60-63): Product Review: ChartFilter by David Penn
If there is one question I am asked more than any other by readers, then without a doubt that question is: Where can I find a good stock screener/scanner?
For the stock investor or trader, this is not without good reason. Unlike futures traders, who have a fairly finite universe of as many as 20 different commodities to track and follow—much less foreign exchange traders, who tend to focus on a range of anywhere from two to
10 different currency pairs—the stock trader faces a relatively unique problem. For one, there are thousands of stocks, any one of which is as likely to make a major move as another. And while there may be safety and comfort in the familiar, the trader or investor who limits him- or herself to Dow stocks, or Nasdaq 100 stocks, or Standard & Poor’s 500 stocks will constantly feel like kicking him- or herself for missing the stocks that show
up on “Big Mover” lists days later— after they’ve made their big move.
Stock traders and investors looking for quality stock screeners are generally one of two types. The first type demands an exceptional degree of flexibility in determining the criteria of the various stock screens. Often, this trader is comfortable (to say nothing of happiest) when busily concocting ever more intricate codes and algorithms that, when properly optimized, will illuminate potentially winning stocks like blips on a