TradingView Stock Screener Tutorial (Day Trading & Swing Trading - Filters & Setup)

Introduction

This tutorial provides a comprehensive guide to using the TradingView Stock Screener, tailored for both day trading and swing trading strategies. By the end of this guide, you will understand how to set up and utilize the stock screener filters effectively to identify the best stocks for your trading style.

Step 1: Creating a TradingView Account

• Visit the TradingView website.
• Click on the "Sign Up" button.
• Fill in your details or sign up using your Google or Facebook account.
• Verify your email address to activate your account.
• Consider opting for the premium version for additional features, including a 30-day free trial.

Step 2: Accessing the Stock Screener

• Log into your TradingView account.
• Navigate to the "Screeners" tab located on the bottom of the homepage.
• Select "Stock Screener" from the dropdown menu.

Step 3: Understanding the Stock Screener Interface

• Familiarize yourself with the following sections:
  • Filters: These allow you to set parameters for the stocks you want to find.
  • Watchlist: This is where you can save stocks you are interested in.
  • Performance Metrics: Displays stock performance based on your filters.

Step 4: Setting Up Filters for Day Trading

• Click on the "Filters" icon.
• Add relevant filters for day trading, such as:
  • Price Range: Set a minimum and maximum price.
  • Volume: Filter stocks with a high trading volume (e.g., above 1 million).
  • Volatility: Look for stocks with a high percentage change.
• Save your filter settings for easy access later.

Step 5: Setting Up Filters for Swing Trading

• For swing trading, adjust your filters to focus on:
  • Market Capitalization: Choose medium to large caps for better stability.
  • Technical Indicators: Consider using RSI or MACD to find stocks with momentum.
• Utilize the “Technical” tab to apply technical analysis filters.

Step 6: Analyzing the Results

• Review the stocks that meet your criteria.
• Click on individual stocks to view detailed charts and analysis.
• Pay attention to:
  • Price Trends: Analyze the stock’s historical performance.
  • News: Stay updated on any relevant news affecting the stock.

Step 7: Creating a Watchlist

• From the results, select stocks you wish to monitor.
• Click on the star icon or "Add to Watchlist" option.
• Access your watchlist from the main dashboard for quick reference.

Step 8: Optimizing Your Screener Setup

• Regularly review and adjust your filters based on market conditions.
• Save different filter presets for various trading strategies (e.g., aggressive day trading vs. conservative swing trading).
• Use alert features to notify you of significant stock movements.

Conclusion

By following these steps, you can effectively set up and use the TradingView Stock Screener to enhance your stock selection process for day trading and swing trading. Remember to regularly update your filters and analyze new stocks to stay ahead in the market. Happy trading!