How To Select Trade from Screener
The data is real-time and there is only 1 minute delay. Don’t forget to read our disclaimer at the end of the page.
To Filter Screener, use filter icon on top left hand side.
You can either use our pre-defined filters for quick access or click on ‘Create new temporary filters’ to create your own filters.
Column A – O
If you are looking for early morning trade then first check OHL condition, if it is there then look out other factors. If you got this early in the morning then make sure stock hasn’t moved much in first 5mins. For example in below example this Adani Ports has moved till 405 in 15mins and remained flat;
If you are not confident enough about OHL strategy then we would recommend you to trade on high volume stocks of the day, these stocks you can find out by sorting volume jump Z to A.
Then check PA Signal (Price Action), If Scrip is near high and PA Signal is Buy then Scrip is good for going long. Similarly vice versa for Going Short. The strength of the signal is as follows;
- Buy = Buyers are trying to Push Price Up
- Strong Buy = Buyers Are now in Control
- Must Buy = Buyers are in total control
SR Signal (Support & Resistance Signal) will only be generated after 9.45AM.
The strength of SR signal is as follows;
This signal is based on Major Support and Resistance and will be generated after 30mins of market opening.
- Buy = Stock broke Minor Resistance
- Strong Buy = Stock broke Intermediate resistance
- Must Buy = Stock Broke Major Resistance
Now if there is no OHL setup, and PA Signal is Buy and after 9.45 SR signal also comes as Buy then Check other columns as below;
After tracking all the columns as mentioned above, check volume jump column. If everything indicates on buy side then check volume jump column. The volume jump value early in the morning ie till 9.30AM, should be more than 0.3 and from 9.45AM-11AM, Volume Jump should be more than 0.6.
If you observe that volume is lying between 0.6-0.8 for long period of time then avoid it. If it’s increasing with time, like say at 9.30AM it was at 0.2, at 9.50AM it was 0.4 and at 10.30AM it’s at 0.6-0.8 then it means volume is increasing in the direction of price movement. ie if Price increasing with volume, then its increase in price alongwith volume which is very good indicator for long position and vice versa for short positions.
If scrip is near its high and volume jump is more than 0.6 at 10.30AM-11AM then we will be on buy side, if Change% column is green and vice versa for short.
No action if signals are contradictory.
Column D will show you behavior of first 3 15mins candle, it will show if its Higher High (HH) or Lower Low (LL) candles which defines the momentum of the Day.
Column P will show scrips making Higher Highs or Lower Lows in last 3 days including current day. It gives an indication of momentum in the stocks.
Column Q will show you when there is any possibility of spike in coming few minutes. This needs experience for trading and also requires chart reading to catch the perfect trade.
By choosing its filter, you can De-select the Blanks and it will show you all the stocks which can give spikes. We would advice you to use this screening in conjunction with volume jump column and time analysis. Like if any scrip remains at same price with this filter on and volume is also getting increased for quite some time like 10min-15min or 30min, then that scrip may give spike at any moment.
However, the easiest and best way to find trades using this filter is to keep refreshing the filter, that is keep Checking and Unchecking Blanks in span of few minutes, if any new scrip makes entry into this filter, that can be traded immediately looking at the charts.
These column will show you current day’s open interest data. Every column has its own significance. If you don’t know about Open Interest Analysis, then Click Here.
These columns will show you daily pivot levels, and if any scrip is nearing to any pivot point it will be highlighted with green background. If your trading style is based on pivot points, it will help you in identifying trades which are lying near its pivot levels. However, you cannot filter these column, for easy way you can column AF to find if stock is near to its pivot point.
Column AD and AE will show you, if stock price has been rejected at any pivot levels. This counts as possible reversal points. Any good candle formation on chart with this filter gives very strong possibility of reversal.
Like in above image GAIL price has been rejected at S1 on 18th October, if we look into GAIL chart for 18th October, there was formation of Pipe Bottom/Twizzer Bottom Candlestick pattern which gave very strong signal for price reversal after downtrend.
Column AC gives reversal notifications based on same above technique. Apart from reversal this column also gives TH Trend Signal which has been derived from many hierarchy levels. Trend signal is always going to more powerful then reversal signals. So if you are getting any new trend signal when you are filtering, then you might get a very good entry points with good risk to reward ratio.
Column AG gives signal if any stock is opening gap up or gap down, and this signal will be generated at 9:12AM exactly after pre-open session. Column AH will start populating data from 9:15AM and will indicate that if the gap which is created is being filled or stock is moving in the direction of gap.
Column AI will show you two days candlestick pattern ie for yesterday and current day and Column AJ will show current day’s candlestick pattern. It is more of an EOD study but if you are well versed with candlestick pattern you can use it to great effect. These patterns are based on Full Day Candles. For more about candlestick patterns, CLICK HERE
Column AK to Column AV gives signals based on 15min-30min Opening Range Breakout, Previous Range Breakout (Yesterday Breakout) and Weekly Range Breakout. If you don’t know how to trade these breakouts then watch our video HERE
Many people use 100SMA and 200SMA as good support and resistance points. Price crossing anyone of these with good volume is considered as good point to enter into trade for intra as well as for positional trades. Column AW-AX will give signal if price is crossing these SMA from below or above.
Finally last 3 columns will show you if stock is coming near 52 week high or low. Column AZ and Column AA are highlighted with colors. The darker the color, the more close is the current market price to 52 week values.
This was all about the Intraday Screener.
Now lets talk about the second sheet which is Intraday Levels, through which one can determine the Buy/Sell levels and targets.
Intraday Levels Sheet
Column H will give signal if any stock is trading near its Fibo 50% level, this column has mainly been created for Top Gainer/Loser Strategy. If you don’t know about the strategy then watch the video HERE
Column K gives the Buy Level and Column L gives the Sell level. Please note that don’t directly buy at these levels, create position only if any 5minutes or 15minutes candle closes below it.
Through Column M, you can filter out which stocks are on buy side and sell side, so based on Nifty movement you can take your trade accordingly in the direction of the trend.
Column N to Column R are targets, as soon as any signal gets activated, its target levels will be highlighted. If stock is trading with volume jump less than 0.6-0.8, then the stock is expected to give Target 3. If volume jump is good ie more than 1, then we can expect Target 5.
Column T gives signal as ‘Expected Reversal’ which means that the stock is supposed to have already completed its day high (if its buy signal on Column M) or its day low (if its Sell Signal on Column M). One can do reversal trade after getting this signal while filtering.
Please note that don’t enter into any trade if Current Market Price is far away from these levels or have already touched these levels, in such scenario wait for confirmation like breakouts/reversals.
To make life easier for traders, we have timestamp for each signal which can be found at ‘ORB timelogs’ sheet.
NOTE: All the images posted above are for reference. The values might differ as this manual is being prepared during holiday. It will work find during trading day. Manuals for other sheets will be shared later.
Disclaimer: Information provided on this website is only for educational purpose only not for trading purpose or advice.