15SmaLa8
Filter
Change From 8 Period SMA (15m) Filter (15SmaLa8)
Find stocks trading above or below the 8-period moving average on the 15-minute chart in real time with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Change From 8 Period SMA (15 min) filter compares the last print to the 8-period simple moving average on a 15-minute chart, in percent. Positive means above the average.
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Streaming Alerts check the Change From 8 Period SMA (15 min) filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: to focus on stocks currently above their 8-period SMA on a 15-minute chart, set the minimum value to 1. To focus on stocks currently below their 8-period SMA on a 15-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 (15 min) filter works
The "Change From 8 Period SMA 15m Filter" is an essential tool for traders focusing on short to mid-term price movements. It compares the current stock price to its 8-period Simple Moving Average (SMA) on a 15-minute chart, offering insights into the stock's momentum within the last 2 hours. Here’s how it works:
Simple Moving Average (SMA)
8-Period SMA on a 15-Minute Chart: Calculates the average closing price over the last 8 fifteen-minute periods. This method helps smooth short-term price volatility, providing a clearer view of the trend.
Calculation: This filter's values are presented as a percentage (%). The formula used is: Percent Change = ((Last Price - SMA) / SMA) * 100
Key point
A positive value indicates the current price is above the moving average, signaling upward momentum. Conversely, a negative value suggests the current price is below the average, indicating downward momentum.
Change From 8 Period SMA (15 min) filter 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:
- To focus on stocks currently above their 8-period SMA on a 15-minute chart, set the minimum value to 1.
- To focus on stocks currently below their 8-period SMA on a 15-minute chart, set the maximum value to -1.
Using the Change From 8 Period SMA 15m Filter
Several trading strategies can be employed with the Change From 8 Period SMA 15m filter. Here are a few examples:
- Momentum Trading: A significant positive change can serve as a cue to initiate long positions, tapping into upward momentum. A notable negative change might indicate a short-selling opportunity.
- Reversion to Mean Strategies: Notable deviations from the 8-period SMA may suggest a potential price correction towards the SMA, offering trading opportunities in the opposite direction of the deviation.
- Scalping: The filter is useful for scalping, allowing traders to capitalize on small, rapid price changes by entering and exiting positions swiftly.
- Dynamic Stop Loss and Take Profit: Adjust stop loss and take profit orders in alignment with the 8-period SMA, accommodating the stock's current volatility.
Filters to combine with Change From 8 Period SMA (15 min)
Categories
FAQ
Which stocks are above their 8-period moving average on the 15-minute chart?
Add the Change From 8 Period SMA (15 min) filter (15SmaLa8) to a Trade Ideas Streaming Alerts or Top List (Screener) window. To focus on stocks currently above their 8-period SMA on a 15-minute chart, set the minimum value to 1. To focus on stocks currently below their 8-period SMA on a 15-minute chart, set the maximum value to -1.
What is the Change From 8 Period SMA (15 min) filter?
The Change From 8 Period SMA (15 min) filter compares the last print to the 8-period simple moving average on a 15-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 (15 min) filter (15SmaLa8) in Trade Ideas Streaming Alerts and Top Lists to find stocks trading above or below the 8-period moving average on the 15-minute chart. The Change From 8 Period SMA (15 min) filter compares the last print to the 8-period simple moving average on a 15-minute chart, in percent.