15SmaLa20
Filter
Change From 20 Period SMA (15m) Filter (15SmaLa20)
Find stocks trading above or below the 20-period moving average on the 15-minute chart in real time with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Change From 20 Period SMA (15 min) filter compares the last print to the 20-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 20 Period SMA (15 min) filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: adjust the minimum value to 1 to filter for stocks currently positioned above their 20-period SMA on a 15-minute chart. Set the maximum value to -1 to focus on stocks currently below their 20-period SMA on a 15-minute chart. See Trade Ideas plans and pricing to run it live.
How the Change From 20 Period SMA (15 min) filter works
Trader tip
The "Change From 20 Period SMA (15 min) Filter" is a valuable tool for traders focusing on mid-term intraday trading strategies. By comparing the current price of a stock to its 20-period Simple Moving Average (SMA) on a 15-minute chart, this filter provides insights into the stock's momentum over the last 5 hours. It helps traders identify potential entry and exit points based on changes in momentum within a single trading session.
Here’s an in-depth look at how this filter operates:
Simple Moving Average (SMA)20-Period SMA on a 15-Minute Chart: Calculates the average of the closing prices for the last 20 fifteen-minute periods, smoothing out price data over approximately the last 5 hours of trading to identify mid-term trends.
Calculation: The filter expresses its values in percentage (%), following the formula: Percent Change = ((Last Price - SMA) / SMA) * 100.
Key point
A positive result suggests that the stock's current price is above its 20-period SMA, indicating a potential uptrend. Conversely, a negative result indicates that the current price is below the SMA, suggesting a potential downtrend.
Change From 20 Period SMA (15 min) filter settings
Configuring the "Change From 20 Period SMA (15 min) Filter" is simple and can be done within the Window Specific Filters Tab of the Configuration Window in your Alert or Top List (Screener) window.
Here's how to set up the filter in your configuration window:
- Adjust the minimum value to 1 to filter for stocks currently positioned above their 20-period SMA on a 15-minute chart.
- Set the maximum value to -1 to focus on stocks currently below their 20-period SMA on a 15-minute chart.
Using the Change From 20 Period SMA (15 min) Filter
The "Change From 20 Period SMA (15 min) Filter" can be used in various trading strategies, including:
- Swing Trading Strategy: Identify potential swing trading opportunities based on the relationship between the current price and the 20-period SMA. Enter trades when the price pulls back to or bounces off the SMA, anticipating a continuation of the trend in the direction of the prevailing momentum.
- Mean Reversion Strategy: Take advantage of overextended moves away from the 20-period SMA, anticipating a reversion to the mean. Enter trades when the price deviates significantly from the SMA, expecting it to return to the average over time.
- Volatility Breakout Strategy: Trade breakouts triggered by increased volatility after periods of consolidation around the 20-period SMA. Enter trades when the price breaks out above or below the SMA accompanied by a surge in trading volume, indicating a potential expansion in volatility and momentum.
- Support and Resistance Strategy: Use the 20-period SMA as a dynamic support or resistance level. Enter trades when the price approaches or bounces off the SMA, confirming its role as a key level in the market.
Filters to combine with Change From 20 Period SMA (15 min)
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FAQ
Which stocks are above their 20-period moving average on the 15-minute chart?
Add the Change From 20 Period SMA (15 min) filter (15SmaLa20) to a Trade Ideas Streaming Alerts or Top List (Screener) window. Adjust the minimum value to 1 to filter for stocks currently positioned above their 20-period SMA on a 15-minute chart. Set the maximum value to -1 to focus on stocks currently below their 20-period SMA on a 15-minute chart.
What is the Change From 20 Period SMA (15 min) filter?
The Change From 20 Period SMA (15 min) filter compares the last print to the 20-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 20 Period SMA (15 min) filter (15SmaLa20) in Trade Ideas Streaming Alerts and Top Lists to find stocks trading above or below the 20-period moving average on the 15-minute chart. The Change From 20 Period SMA (15 min) filter compares the last print to the 20-period simple moving average on a 15-minute chart, in percent.