NASDAQ Change Today Filter (QqqqD)

How the NASDAQ Change Today filter works

This filter describes how quickly the market as a whole is moving, and in which direction.

This filter is different from most filters, because they are not specific to any one stock. At any given time all stocks get the same answer for this filter.

The NASDAQ Up filters track the changes in the NASDAQ 100. The S&P Up filters track the S&P 500. The Dow Up filters track changes in the Dow Jones Industrial Average.

Key point

These filters compare the current price of the index to the previous day’s close. The historical price is always precise to the minute. The current price is based on the most recent print.

This filter is primarily meant for use with the OddsMaker TI Premium and other forms of automated trading. This allows you to set up multiple types of strategies in advance. You can run some strategies when the market is going up, and others when the market is going down.

This filter is available before, after, and during regular market hours.

Here's how the "NASDAQ Change Today" filter works:

Key point

Real-Time Monitoring: The filter continuously monitors the price movements of stocks listed on the NASDAQ exchange in real-time, analyzing data over 24-hour intervals.

Identification of Significant Changes: When the filter detects stocks that have experienced a significant change in price over the past day it generates an alert to traders. This alert indicates potential trading opportunities resulting from daily price movements.

NASDAQ Change Today filter settings

Example

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. Use a positive number to see a market which is moving up. Use a negative number to see a market which is moving down. For example, set the max to 0.05 and the min to -0.05 to see a market which is very flat. Use a min of 0.15 to see a market which is moving up. Use a max of -0.15 to see a market which is moving down.

These filters are all measured in percent, not dollars. Some people use an index to watch the market. Other people use the futures, the e-mini futures, or an ETF. These will all have different values, but the percent change will be the same for all of them.

Using the NASDAQ Change Today Filter

Several trading strategies can be employed with the NASDAQ Change Today filter to capitalize on medium-term price movements. Here are some common strategies:

• Momentum Trading: Identify stocks that have experienced a significant increase in price throughout the trading day. Enter long positions on these stocks, anticipating that the momentum will continue for the remainder of the trading session.
• Reversal Trading: Look for stocks that have experienced a sharp decline in price earlier in the trading day but are now showing signs of recovery. Enter long positions if the stocks exhibit reversal patterns or indications of a potential bounce back from oversold conditions.
• Breakout Trading: Monitor stocks that have broken out of key resistance levels or trading ranges during the trading day. Enter long positions on these breakout stocks, expecting the price to continue rising as momentum builds and traders react to the breakout.
• Volatility Trading: Trade stocks that have exhibited high volatility throughout the trading day. Look for stocks with wide price swings and enter positions based on short-term price fluctuations, aiming to capitalize on volatility-driven opportunities.
• Intraday Scalping: Take advantage of short-term price movements and fluctuations within the trading day. Enter and exit positions quickly based on signals generated by the NASDAQ Change Today filter, aiming to capture.

Filters to combine with NASDAQ Change Today

• NASDAQ Change (5 min) filter
• Change from the Close (%) filter
• Relative Volume filter
• NASDAQ Change (10 min) filter
• NASDAQ Change (15 min) filter
• NASDAQ Change (30 min) filter
• S&P Change (5 min) filter
• S&P Change (10 min) filter
• S&P Change (15 min) filter

FAQ

Related filters

• NASDAQ Change (5 min) Filter (Qqqq5)
• NASDAQ Change (10 min) Filter (Qqqq10)
• NASDAQ Change (15 min) Filter (Qqqq15)
• NASDAQ Change (30 min) Filter (Qqqq30)
• S&P Change (5 min) Filter (Spy5)