Common stock scans in Technical Analysis


Active Member
I think understanding some common stock scans or explorations can enable beginners to explore more. Let's try one from metastock.

Equis - Relative Str Index - Expert Sys- This exploration seeks securities which have just crossed below/above the Bullish/Bearish signal line values for the RSI, 70/30. It uses the Close and 14 as the parameters for the RSI (which are the defaults in MetaStock's RSI indicator. A 1 in Column A indicates a Bullish crossover, while a 1 in Column B indicates a Bearish crossover. The Close and Volume and Percent Increase in the Volume are shown as reference information in columns D, E, and F.

IMPORTANT NOTE: The value of the RSI indicator is impacted significantly by the amount of data loaded, so if the amount of data loaded varies results may vary.


B- Cross(70,RSI(C,14)

C- RSI(C,14)



F-(VOLUME/(Mov(VOLUME,90,S)) * 100)


colA OR colB {a cross over Up or Down occurred}

{filter for Volume >= 100% above an SMA of the Volume, a 90-period SMA is the default}

(VOLUME/(Mov(VOLUME,90,S)) * 100) >= 100

Everything is self explanatory here except for volume. Can traderji explain column F and references to volume in the filter.

Can you suggest some common stock scans- like combining moving averages with RSi for instance.

Is taking the first 100/200 stocks of Nse and BSE a good thumb rule? Thanks


Super Moderator
Column is nothing but the:

Volume today / Avg. Volume of last 90 days

in % terms.

Column F is used in the filter column to filter out stocks whose volumes are less than the average volume of the last 90 days.

Similar threads

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Are you a day trader?