StocksToTrade version 2.3.4 features a new ABCD Pattern screener tool.
You can locate this tool in the top toolbar of your platform after opening a new tab.
How it Works
Symbol - Represents the stock
Status - Indicates the status of the pattern
Fib A/B - Ratios used for calculation based on Fibonacci Retracement
A/B/C Price - Prices of the A/B/C points
A/B/C Time - Timestamps for the A/B/C points
Conf. Price - Confirmation price at a specific percentage above the C point towards the D point
D Price - Theoretical D point
D Time - Expected timestamp for the D point
Price Zone - Price Reversal Zone
Additional Fields
By right-clicking in any column, you can add additional fields to the screener.
PRZ Start/End - Price Reversal Zone time detection
Targ 1 D etc -Price levels where a trader can exit a position for profit
SLZ Star/End - Expected Stop Loss Zone start and end period
Detected Time - When a pattern is detected
Completed Time - When a pattern is complete
There are filtering options available, including Ratios (Fibonacci A & B), Pattern Status (active, completed, or failed), Candle Periods (to adjust the timeframe), and Completed Period Timeframes.
Typically, traders will want to search for Active Status and Completed patterns to identify stocks that are between the C and D points, where the stock is likely in a PRZ.
Utilize this tool alongside the ABCD Indicator charting tool to make informed trading decisions.
Cam M.