2SmaLa10
Filter
Change From 10 Period SMA (2m) Filter (2SmaLa10)
Find stocks trading above or below the 10-period moving average on the 2-minute chart in real time with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Change From 10 Period SMA (2 min) filter compares the last print to the 10-period simple moving average on a 2-minute chart, in percent. Positive means above the average.
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Streaming Alerts check the Change From 10 Period SMA (2 min) filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: to isolate stocks that are currently above their 10-period SMA on a 2-minute chart, adjust the minimum value to 1. To focus on stocks currently below their 10-period SMA on a 2-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 (2 min) filter works
The "Change From 10 Period SMA 2m Filter" is a dynamic tool for traders who focus on very short-term market trends. It compares the current stock price to its 10-period Simple Moving Average (SMA) on a 2-minute chart. This filter is ideal for day traders seeking to capitalize on rapid price movements by providing a snapshot of the stock's momentum over the last 20 minutes. Here’s how it operates:
Simple Moving Average (SMA)
10-Period SMA on a 2-Minute Chart: This SMA calculates the average closing price of a stock over the last 10 two-minute periods, totaling 20 minutes. It's designed to smooth out the price data to help traders identify the immediate trend direction.
Calculation: The filter's values are represented as a percentage (%). The formula is: Percent Change = ((Last Price - SMA) / SMA) * 100
Key point
A positive value suggests that the current price is above the moving average, indicating upward momentum. Conversely, a negative value shows the current price is below the average, hinting at downward momentum.
Change From 10 Period SMA (2 min) filter settings
Setting up the "Change From 10 Period SMA 2m Filter" is straightforward in the Window Specific Filters Tab located in the Configuration Window of your Alert or Top List (Screener) window.
Here's how to set up the filter in your configuration window:
- To isolate stocks that are currently above their 10-period SMA on a 2-minute chart, adjust the minimum value to 1.
- To focus on stocks currently below their 10-period SMA on a 2-minute chart, set the maximum value to -1.
Using the Change From 10 Period SMA 2m Filter
The "Change From 10 Period SMA 2m Filter" enables a variety of trading strategies, particularly suited for those trading on very short timeframes. Examples include:
- Momentum Trading: Traders might enter long positions in response to a significant positive change, leveraging the detected upward momentum. Similarly, a marked negative change could signal an opportunity for short selling.
- Reversion to Mean Strategies: Significant departures from the 10-period SMA may indicate an overextended price move, with a potential reversal or return to the SMA likely, offering counter-trend trading opportunities.
- Scalping: Given the filter's focus on short-term fluctuations, it is particularly useful for scalping, where traders look to profit from small changes in price, entering and exiting trades quickly.
- Dynamic Stop Loss and Take Profit: The 10-period SMA serves as a guide for setting dynamic stop loss and take profit levels, adapting to the stock's latest volatility and trend strength.
Filters to combine with Change From 10 Period SMA (2 min)
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FAQ
Which stocks are above their 10-period moving average on the 2-minute chart?
Add the Change From 10 Period SMA (2 min) filter (2SmaLa10) to a Trade Ideas Streaming Alerts or Top List (Screener) window. To isolate stocks that are currently above their 10-period SMA on a 2-minute chart, adjust the minimum value to 1. To focus on stocks currently below their 10-period SMA on a 2-minute chart, set the maximum value to -1.
What is the Change From 10 Period SMA (2 min) filter?
The Change From 10 Period SMA (2 min) filter compares the last print to the 10-period simple moving average on a 2-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 (2 min) filter (2SmaLa10) in Trade Ideas Streaming Alerts and Top Lists to find stocks trading above or below the 10-period moving average on the 2-minute chart. The Change From 10 Period SMA (2 min) filter compares the last print to the 10-period simple moving average on a 2-minute chart, in percent.