60SmaLa8
Filter
Change From 8 Period SMA (60m) Filter (60SmaLa8)
Find stocks trading above or below the 8-period moving average on the 60-minute chart in real time with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Change From 8 Period SMA (60 min) filter compares the last print to the 8-period simple moving average on a 60-minute chart, in percent. Positive means above the average.
See the cross when it happens, not on tomorrow’s chart.
Free account, just an email. No card. Live access for a limited time.
Streaming Alerts check the Change From 8 Period SMA (60 min) filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: to exclusively see stocks where the current price is above their 8-period SMA on a 60-minute chart, set the minimum value to 1. To focus on stocks currently below their 8-period SMA on a 60-minute chart, set the maximum value to -1. See Trade Ideas plans and pricing to run it live.
How the Change From 8 Period SMA (60 min) filter works
The "Change From 8 Period SMA 60m Filter" is a crucial analytical tool for traders aiming to capture trends over a medium-term horizon. It assesses the current stock price in relation to its 8-period Simple Moving Average (SMA) on a 60-minute chart. This filter is designed for those who engage in longer intraday trading and short-term swing trading, providing insights into the stock's momentum over the last 8 hours. Here’s a breakdown of its components:
Simple Moving Average (SMA)
8-Period SMA on a 60-Minute Chart: This calculates the average closing price over the last 8 sixty-minute periods, offering a smooth overview of price movement across the last 8 hours of trading activity.
Calculation: The filter's values are displayed as a percentage (%). The formula is: Percent Change = ((Last Price - SMA) / SMA) * 100
Key point
A positive value signifies that the current price is above the moving average, indicating upward momentum. In contrast, a negative value suggests the current price is below the average, pointing to downward momentum.
Change From 8 Period SMA (60 min) filter settings
The configuration of the "Change From 8 Period SMA 60m Filter" can be found in the Window Specific Filters Tab within the Configuration Window of your Alert or Top List (Screener) window.
Here's how to set up the filter in your configuration window:
- To exclusively see stocks where the current price is above their 8-period SMA on a 60-minute chart, set the minimum value to 1.
- To focus on stocks currently below their 8-period SMA on a 60-minute chart, set the maximum value to -1.
Using the Change From 8 Period SMA 60m Filter
Employing the "Change From 8 Period SMA 60m Filter" allows for the application of various trading strategies suited to longer time frames. Here are some examples:
- Momentum Trading: A considerable positive change acts as a signal to enter long positions, leveraging upward momentum. Conversely, a significant negative change could indicate a viable short-selling opportunity.
- Reversion to Mean Strategies: When the stock price significantly deviates from the 8-period SMA, it may signal an impending reversion to the SMA, providing opportunities for counter-trend trades.
- Scalping: While typically used for longer time frames, the filter can assist in identifying more substantial, scalable opportunities within the trading day.
- Dynamic Stop Loss and Take Profit: The 8-period SMA offers a reference point for adjusting stop loss and take profit orders according to the evolving market conditions.
Filters to combine with Change From 8 Period SMA (60 min)
Categories
FAQ
Which stocks are above their 8-period moving average on the 60-minute chart?
Add the Change From 8 Period SMA (60 min) filter (60SmaLa8) to a Trade Ideas Streaming Alerts or Top List (Screener) window. To exclusively see stocks where the current price is above their 8-period SMA on a 60-minute chart, set the minimum value to 1. To focus on stocks currently below their 8-period SMA on a 60-minute chart, set the maximum value to -1.
What is the Change From 8 Period SMA (60 min) filter?
The Change From 8 Period SMA (60 min) filter compares the last print to the 8-period simple moving average on a 60-minute chart, in percent. Positive means above the average.
How do I scan for stocks above an intraday moving average?
Use the Change From 8 Period SMA (60 min) filter (60SmaLa8) in Trade Ideas Streaming Alerts and Top Lists to find stocks trading above or below the 8-period moving average on the 60-minute chart. The Change From 8 Period SMA (60 min) filter compares the last print to the 8-period simple moving average on a 60-minute chart, in percent.