7.2 - ABCD Screener

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. 

 

abcd_screener_tool.png

 

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.

 

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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

 

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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. 

 

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