ST Scanner FAQ

1 - Why would I use the Simpler Scanner?

Get access to a variety of scans used by traders at Simpler Trading and identify potential trade setups based on several proprietary indicators and custom time frames. Understand market sentiment at a glance with MTFA, find tickers in relation to Voodoo lines, and more.

2 - Can multiple scans be combined? 

Yes, multiple scans can be combined and used together. Learn how to combine and use scans together with Sam Shames Live Trading webinar available as part of the scanner membership.  

3 - Are different scans used with different strategies?

Yes. For example, the Daily Pop scan would be good for looking for directional trade setups that have high short interest. In the video tutorials on the Scanner member dashboard, the traders discuss various scans for different uses.

4 - When does the scan run?

At the close of the bar for that scan's time frame. For example, a daily scan runs after the close of the daily bar.

5 - Why does my chart not match the scan?

For intraday scans there are many settings which can cause differences in squeeze calculations. Make sure that your charts are not showing extended session data.

6 - What does each column mean at the top of the scans?

Symbol
Ticker returned, meets scan criteria.

Last
Price of symbol as of last scan.

Vol (avg)
Average volume, good for sorting for more liquid stocks.

Has Weekly
Denotes if symbol has a weekly optionable. Weekly options typically indicate more liquidity. ✘ ✘ ✘ = no , ✔ ✔ ✔ = Yes
Option OI
Open interest.

Short %
Short interest as a percentage of float.

Strength
Scan includes search for presence of a squeeze. One of the following types is present: 1-Low, 2-Mid or 3-High compression squeeze.

21 Day Range %
Price as a percent of it's 21 day range (higher numbers are closer to high of the range).

52 Wk. Range %
Price as a percent of it's 52 week range (higher numbers are closer to high of the range).

Compression
Scan includes search for presence of a squeeze. One of the following types is present: 1-Low, 2-Mid or 3-High compression squeeze.

Sector
Sector ETF to which the symbol belongs.

Sector Compression
Scan includes search for presence of a squeeze. One of the following types is present for the sector symbol: 1-Low, 2-Mid or 3-High compression squeeze.

SPY Compression
Scan includes search for presence of a squeeze. One of the following types is present market as a whole as indicated by the SPY: 1-Low, 2-Mid or 3-High compression squeeze.
Internal
A summary of useful daily internals. Including SKEW, Put/Call Ratio and more.

Value
Value of listed internal.
Interpretation
Suggested interpretation (bullish, neutral or bearish) of current value of an internal.

Rank
Compares to list of growth stocks and it is how highly ranked it is on the list.·

7 - What are the most frequently used scans?

The Simpler Scanner tool contains scans that Traders use regularly at Simpler Trading and has been made available as a membership. Some scans are more often utilized than others by certain traders.

  • Daily Pop Pro considers 52 week range, short interest and Squeeze Pro into it's calculations to produce results.

  • Daily Continuation Pro used by most traders at Simpler combines ABC waves and other indicators. Shows high, mid or low compression Squeeze with increasing bullish or decreasing bearish bias.

  • The Daily RAF (Ready Aim Fire) Buy / Sell are popular scans for momentum cycle highs and lows. *(It helps to visualize a wave).

  • Daily Voodoo shows key support resistant areas based on the Elliot wave*.

  • 10X Scans are used quite often. The 10X scans for momentum shift and market conviction based off of the 10X indicator.

  • Daily Triple Squeeze is very powerful because it looks for a squeeze in the stock, the sector and the market, all in one scan.

About the Simpler Trading Scanner

https://intercom.help/simpler-trading/en/articles/5697388

How to Access Scans in the Scanner Membership Dashboard
https://intercom.help/simpler-trading/en/articles/3291230

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