I’m the head of customer experience here at StocksToTrade, here to show you how to harness the power of Oracle…
Our extremely powerful $3 Million stock scanner.
Essentially, Oracle is an algorithm based scanner that sifts through 1,000s of stocks every day using proprietary formulas all with one goal in mind:
To pinpoint 20 stocks to watch with the potential for massive long and short breakouts.
During premarket, Oracle calculates which stocks to lock into its scanner…
And 2-5 mins after the market opens, it locks the 20 stocks in and calculates the Oracle data for these stocks.
Here is what each indicator means on the scanner once the data is locked in:
- Short or Long Bias
Based on the algorithm and momentum of the stock, the scanner will let you know if it is bias long or short for a potential breakout.
If it is highlighted green, it means the scanner is bias long for this stock.
If it is highlighted red, it means the scanner is bias short for this stock.
Keep in mind, although these 20 stocks stay the same on the oracle scanner for the whole trading day after it locks in its data…
The bias could change throughout the day based on the stock's momentum and where the scanner feels the breakout play will be.
Okay, next is…
- Signal Prices
Once the stock data is locked in at market open, the scanner will produce long and short signal prices for each stock on the scanner.
The signal price is the price the algorithm predicts needs to be reached for the predicted breakout to take place.
Make sure you are only paying attention to the signal price that is under the bias, long or short.
Oracle gives signals for short and long because the stock's momentum can change – And where a stock might have had a long breakout could change to a better short play.
In other words, the Oracle Scanner is playing both sides to help you find the breakouts up and down…
So you have multiple opportunities in any market condition.
Okay, moving on…
- Support and Resistance
This area will use the regular support and resistance levels of that stock, but ALSO give you what it predicts is a key support or resistance level to be watching for.
To access all of the support and resistance levels, simply click on the stock ticker to open that stock's Oracle Point levels section.
There, you can see the support levels in red, the yellow mid point, and the green resistance levels.
The key levels are circles, and the primary key level is circled and highlighted.
You will also see numbers above those circled levels, and that is just letting you know how many times the stock hit that level during the trading today.
Next, we have…
- Deltas
The deltas display the difference between the support/resistance levels and the signal prices.
The highlighted portion is a visual display of how close the signal price is to hitting the key support or resistance level given.
- Min & Max
The Min and Max sections display the % change from the signal price.
If the stock has passed the key support or resistance level, then Min and Max will give you the % change from the signal price to the high or low of the day.
The main purpose of this tool is to show you how the Oracle Signal predictions are performing.
- Stock Data
Lastly, inside the Stock Data section you’ll find the normal stock data and indicators we feel most traders would like to know about the stocks in the scanner.
You will see the Last (which is the current price of the stock), the current % change of the stock from the previous day close, and the current Volume, Float, and Market Cap.
I know that’s a lot to take in right now, but you’ll get the hang of it quickly.
If you still have questions about Oracle, please take a few minutes to watch the short tutorials below:
To access the scanner, make sure you have downloaded the desktop application, then click the plus symbol + to open a new tab and there you will find the widget called “Oracle.”
Here is a link on how to download STT if you need help with this.
If you have any further questions or concerns regarding Oracle please don’t hesitate to reach out to our support team at support@stockstotrade.com.
I wish you the best of luck as you begin to use this powerful trading scanner!
-
Bryce Davis
Director of Customer Experience
Bryce Davis