2SmaLa20
Filter
Change From 20 Period SMA (2m) Filter (2SmaLa20)
Find stocks trading above or below the 20-period moving average on the 2-minute chart in real time with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Change From 20 Period SMA (2 min) filter compares the last print to the 20-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 20 Period SMA (2 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 2-minute chart. Set the maximum value to -1 to focus on stocks currently below their 20-period SMA on a 2-minute chart. See Trade Ideas plans and pricing to run it live.
How the Change From 20 Period SMA (2 min) filter works
Trader tip
The "Change From 20 Period SMA (2 min) Filter" is a valuable tool for traders focusing on short-term intraday trading or scalping strategies. By comparing the current price of a stock to its 20-period Simple Moving Average (SMA) on a 2-minute chart, this filter provides insights into the stock's short-term momentum over the last 40 minutes. 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 2-Minute Chart: Calculates the average of the closing prices for the last 20 two-minute periods, smoothing out price data over approximately the last 40 minutes of trading to identify short-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 (2 min) filter settings
Configuring the "Change From 20 Period SMA (2 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 2-minute chart.
- Set the maximum value to -1 to focus on stocks currently below their 20-period SMA on a 2-minute chart.
Using the Change From 20 Period SMA (2 min) Filter
The "Change From 20 Period SMA (2 min) Filter" can be used in various trading strategies, including:
- Trend Following Strategy: Enter trades in the direction of the prevailing trend indicated by the relationship between the current price and the 20-period SMA. Buy when the current price is above the 20-period SMA, indicating an uptrend, and sell when the price is below the SMA, indicating a downtrend.
- Pullback Trading Strategy: Look for opportunities to enter trades on pullbacks within the context of the overall trend. Wait for the price to temporarily move below the 20-period SMA during an uptrend or above the SMA during a downtrend before entering a trade, anticipating a continuation of the trend.
- Breakout Trading Strategy: Identify potential breakout opportunities when the price breaks decisively above or below the 20-period SMA. Enter trades when the price breaks above the 20-period SMA during an uptrend or below the SMA during a downtrend, anticipating a continuation of the breakout momentum.
- Reversal Trading Strategy: Look for potential trend reversals when the price significantly deviates from the 20-period SMA. Enter trades when the price exhibits extreme deviations from the SMA, anticipating a reversal to the mean. For example, buy when the price is significantly below the SMA during an uptrend or sell when the price is significantly above the SMA during a downtrend.
Filters to combine with Change From 20 Period SMA (2 min)
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FAQ
Which stocks are above their 20-period moving average on the 2-minute chart?
Add the Change From 20 Period SMA (2 min) filter (2SmaLa20) 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 2-minute chart. Set the maximum value to -1 to focus on stocks currently below their 20-period SMA on a 2-minute chart.
What is the Change From 20 Period SMA (2 min) filter?
The Change From 20 Period SMA (2 min) filter compares the last print to the 20-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 20 Period SMA (2 min) filter (2SmaLa20) in Trade Ideas Streaming Alerts and Top Lists to find stocks trading above or below the 20-period moving average on the 2-minute chart. The Change From 20 Period SMA (2 min) filter compares the last print to the 20-period simple moving average on a 2-minute chart, in percent.