15SmaLa10
Filter
Change From 10 Period SMA (15m) Filter (15SmaLa10)
Find stocks trading above or below the 10-period moving average on the 15-minute chart in real time with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Change From 10 Period SMA (15 min) filter compares the last print to the 10-period simple moving average on a 15-minute chart, in percent. Positive means above the average.
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Streaming Alerts check the Change From 10 Period SMA (15 min) filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: for isolating stocks that are presently trading above their 10-period SMA on a 15-minute chart, adjust the minimum value setting to 1. To focus on stocks currently below their 10-period SMA on a 15-minute chart, set the maximum value to -1. See Trade Ideas plans and pricing to run it live.
How the Change From 10 Period SMA (15 min) filter works
Trader tip
The "Change From 10 Period SMA 15m Filter" is a strategic tool for traders looking at medium-term market dynamics. By comparing the current stock price to its 10-period Simple Moving Average (SMA) on a 15-minute chart, this filter sheds light on the stock's momentum over the last 2.5 hours. Designed for traders who operate on slightly longer timeframes than typical day trading periods, it offers a nuanced view of trend direction and strength.
Here’s the essential functionality:
Simple Moving Average (SMA)
10-Period SMA on a 15-Minute Chart: This calculates the average closing price over the preceding 10 fifteen-minute periods. It aims to mitigate the impact of immediate price fluctuations, thereby clarifying the trend over a medium-term horizon.
Calculation: Values for this filter are expressed as a percentage (%). The calculation formula is: Percent Change = ((Last Price - SMA) / SMA) * 100
Key point
A positive figure indicates that the current price exceeds the moving average, signifying an uptrend. A negative figure, conversely, means the current price is below the average, indicating a downtrend.
Change From 10 Period SMA (15 min) filter settings
Adjusting the "Change From 10 Period SMA 15m Filter" is done in the Window Specific Filters Tab found in the Configuration Window of your Alert or Top List (Screener) window.
Here's how to set up the filter in your configuration window:
- For isolating stocks that are presently trading above their 10-period SMA on a 15-minute chart, adjust the minimum value setting to 1.
- To focus on stocks currently below their 10-period SMA on a 15-minute chart, set the maximum value to -1.
Using the Change From 10 Period SMA 15m Filter
Implementing the "Change From 10 Period SMA 15m Filter" enables a variety of trading strategies suitable for medium-term market engagement. Among them are:
- Momentum Trading: Leveraging a substantial positive change as an indicator to open long positions, capitalizing on detected upward momentum. A significant negative change, alternatively, might suggest a viable opportunity for short selling.
- Reversion to Mean Strategies: A pronounced deviation from the 10-period SMA could signal an overextension, with a potential reversion to the SMA likely, thus creating opportunities for opposite-direction trades.
- Scalping: Despite its focus on a longer timeframe, the filter remains useful for scalping within the context of medium-term trends, allowing traders to make quick decisions based on more sustained price movements.
- Dynamic Stop Loss and Take Profit: The 10-period SMA provides a basis for dynamically setting stop loss and take profit orders, accommodating changing market conditions and trend volatility.
Filters to combine with Change From 10 Period SMA (15 min)
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FAQ
Which stocks are above their 10-period moving average on the 15-minute chart?
Add the Change From 10 Period SMA (15 min) filter (15SmaLa10) to a Trade Ideas Streaming Alerts or Top List (Screener) window. For isolating stocks that are presently trading above their 10-period SMA on a 15-minute chart, adjust the minimum value setting to 1. To focus on stocks currently below their 10-period SMA on a 15-minute chart, set the maximum value to -1.
What is the Change From 10 Period SMA (15 min) filter?
The Change From 10 Period SMA (15 min) filter compares the last print to the 10-period simple moving average on a 15-minute chart, in percent. Positive means above the average.
How do I scan for stocks above an intraday moving average?
Use the Change From 10 Period SMA (15 min) filter (15SmaLa10) in Trade Ideas Streaming Alerts and Top Lists to find stocks trading above or below the 10-period moving average on the 15-minute chart. The Change From 10 Period SMA (15 min) filter compares the last print to the 10-period simple moving average on a 15-minute chart, in percent.