FCR
Filter
Change From The Close Filter (FCR)
Find stocks moving an unusual amount today for that particular stock in real time with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Change from the Close (Bars) filter divides the move since the previous close by the average size of a 15-minute bar for that stock, so it accounts for each stock's volatility.
Stocks making a run, up and down.
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Streaming Alerts check the Change From the Close (Bars) filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: set the min to -1 and the max to 1 to see only stocks which are trading close to where they were at the close. See Trade Ideas plans and pricing to run it live.
How the Change From The Close filter works
Trader tip
This filter provides traders with information about how much the stock price has moved since the previous close. This is the most powerful version of the filter, because it takes the volatility of each stock into account. Like the other versions, this starts by subtracting the stock’s previous closing price from its current price. Then it divides this value by the average size of a bar on a 15 minute bar chart for the stock. 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 work with percentage values.
- 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 to -1 and the max to 1 to see only stocks which are trading close to where they were at the close.
Using the Change from Close Bars Filter
Several trading strategies can be employed with the Change from Close Bars 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 moving more than usual today?
Add the Change From The Close filter (FCR) to a Trade Ideas Streaming Alerts or Top List (Screener) window. Set the min to -1 and the max to 1 to see only stocks which are trading close to where they were at the close.
What is the Change From the Close (Bars) filter?
The Change from the Close (Bars) filter divides the move since the previous close by the average size of a 15-minute bar for that stock, so it accounts for each stock's volatility.
How do I compare moves across stocks with different volatility?
Use the Change From The Close filter (FCR) in Trade Ideas Streaming Alerts and Top Lists to find stocks moving an unusual amount today for that particular stock. The Change from the Close (Bars) filter divides the move since the previous close by the average size of a 15-minute bar for that stock, so it accounts for each stock's volatility.