FCP
Filter
Change From The Close Filter (FCP)
Find today's top percent gainers and losers from the previous close in real time with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Change from the Close (%) filter is the move from the previous session's close, as a percent of that close.
Stocks making a run, up and down.
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Streaming Alerts check the Change From the Close (%) filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: set the min value to 3 to see stocks which are up at least 3% from the previous close. See Trade Ideas plans and pricing to run it live.
How the Change From The Close filter works
Trader tip
The "change from close (%)" filter refers to the difference between the current price of a stock and its closing price from the previous trading session, measured in percentage. This filter provides traders with information about how much the stock price has moved since the previous close. Positive numbers represent stocks which are trading higher now than at the close. Use negative numbers for stocks which are trading lower than at the close.
These filters are related to the % up / down for the day alerts. The filters and the alerts both compare the current price to the previous close. However, there are some differences:
- The alerts typically only display once for each level. The filters always have a value.
- The alerts only report whole numbers, like 3% and 4%. The filters allow fractions, like 3.5%.
- The alerts only work during normal market hours.
Change From The Close filter settings
Settings
The settings of each Trade Ideas filter are defined in the Window Specific Filters Tab located in the Configuration Window of your Alert or Top List (Screener) window.
Here is how to setup the filter in your configuration window:
- Set the min value to 3 to see stocks which are up at least 3% from the previous close.
Using the Change from Close Percent Filter
Several trading strategies can be employed with the Change from Close Percent filter. Here are a few examples:
- Momentum Trading: Momentum traders aim to capitalize on the continuation of an existing trend in the stock's price. Traders may look for stocks with a significant positive change from the previous close, indicating upward momentum. They may then buy the stock, expecting the price to continue moving higher. Conversely, if a stock has a significant negative change from the previous close, indicating downward momentum, traders may consider short-selling the stock.
- Breakout Trading: Breakout traders aim to capitalize on significant price movements that break through key support or resistance levels. Traders may monitor stocks with a large change from the previous close, particularly if the change results in the stock breaking through a significant support or resistance level. They may then enter trades in the direction of the breakout, anticipating further price movement in that direction.
- Reversal Trading: Reversal traders aim to identify points where a stock's price is likely to reverse direction. Traders may look for stocks with an extreme change from the previous close, indicating potential overextension in price. If a stock has experienced a large positive change from the previous close, traders may anticipate a reversal and consider short-selling the stock. Conversely, if a stock has experienced a large negative change from the previous close, traders may anticipate a reversal and consider buying the stock.
Filters to combine with Change From The Close
Alerts to pair with the Change From The Close filter
Categories
FAQ
Which stocks are up the most today?
Add the Change From The Close filter (FCP) to a Trade Ideas Streaming Alerts or Top List (Screener) window. Set the min value to 3 to see stocks which are up at least 3% from the previous close.
What is the Change From the Close (%) filter?
The Change from the Close (%) filter is the move from the previous session's close, as a percent of that close.
What are the top percent gainers right now?
Use the Change From The Close filter (FCP) in Trade Ideas Streaming Alerts and Top Lists to find today's top percent gainers and losers from the previous close. The Change from the Close (%) filter is the move from the previous session's close, as a percent of that close.