In this video we create a momentum stock scanner and custom column step by step
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You can have the best trading strategy in the world, and you won't make money unless you know what stocks to trade every day. The scanner we build in ThinkorSwim in this video will return you stocks that are either very strong or very weak on their daily chart. We perform this calculation by subtracting the current bar closing price from the average closing price over the last twenty bars. We can then use the data provided by this calculation to return stocks either above or below a specific value as well as create a custom scanner column to show us this value and paint accordingly.
So if you're looking for the best ThinkorSwim scanner to find stocks to buy, you're on the right video!
#TreydingStocks #Stocks #Investing #ThinkorSwim
