10) Using the Screener

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The Screener in StrataSearch is extremely powerful and flexible, allowing you to filter and rank according to the formulas of your choice, and display up to 20 custom columns showing the prices or calculated values of your choice.  The Screener can use any of the 100+ technical analysis formulas in StrataSearch, any of the Custom Formulas you create on your own, or any fundamental data values if such data has been imported and made available.

In this step, we'll create a new Screener Setup, filter and rank by Price Rate-Of-Change, and additionally display columns for the Linear Regression Indicator and the Relative Strength Index.

Opening a New Screener Setup

Adding Rank and Selection Entries

Running and Viewing the Screener

Adding Additional Columns

Saving and Reopening the Setup

Additional Features

Opening a New Screener Setup

To open a new Screener Setup, open the Display > Screener menu, and then click the New button.

After clicking the New button, you will have a new setup that is ready to enter some definitions.

Adding Rank and Selection Entries

Adding the initial Rank and Selection entries is very simple, as they can be added directly into the main Screener window.  As we've done before, move the cursor into the Rank field, and then click the Builder button to the right of the Rank field.

Select Price Rate-Of-Change from the list, and then enter the parameters of Value = close and Days = 10.  Click OK after these settings have been entered, and your formula will be added to the Rank entry.

Using the Builder button to the right of the Selection field, manually typing in the entry, or a combination of both, add the entry proc(close, 10) > 10 to the Selection field.

We've now set initial Rank and Selection entries, and our Screener is ready to run.

Running and Viewing the Screener

Before running the Screener, we want to make sure that we're running against the proper Sector, and for the desired Date.  Change these as desired for the results you're interested in producing.  When you're ready, click the Calculate button.

As the Screener is running, you will see its progress displayed.  You may also see that the Processor is paused temporarily while the Screener runs.  This is to prevent the two intensive processes from overloading your computer.

When the Screener has completed, the results will be displayed.

You can click on any of the column headings to sort the results in that particular order.  You can also double-click on any of the individual symbols to bring up a chart of just that symbol.

Next, let's add some additional columns to the Screener.

Adding Additional Columns

To add additional columns to the Screener, click the More button to the right of the Rank entry, and then click the Add button.

Again, you can use the Builder button to help create the above Rank Formula.  However, you should give the setup a name such as LRI, and enter the formula: lri(close, 10).  Click OK to save the setup.

Next, click the Add button once more, since we'll be adding one more column.

Give the setup a name such as RSI, and then enter the formula: rsi(10).  When you are done, click OK to save the setup.

One additional step we'll make is to give our initial Rank column a name.  It will be named Rank by default, but you can change that by highlighting the Rank item and clicking the Update button.  Change the name to PROC, and then click OK to save the setup.  Your Screener Columns listing should then look the following:

After clicking Close, say No when asked whether to save the Screener Setup.  We'll cover saving and reopening setups in the next step.

Click the Calculate button to run the Screener with the new columns.

The Screener now displays the columns we added, with the names we gave them.

Saving and Reopening a Setup

To save a Screener Setup, simply click the Save As button in the Settings section of the Screener. 

Give your Screener Setup a name, and then click OK to save your settings.

After opening the Screener at a later time, you can then click the Open button in the Settings section of the Screener window.

Highlight the setup you wish to open, and then click the Open button.  Your setup will then be loaded into the Screener.

Additional Features

The Screener is a simple concept, and quite easy to use.  There are, however, a few additional features that are worth mentioning.

  • By selecting the Sector of [All Sectors], you can do screening against sector data.  This can be helpful for identifying which sectors are the most suitable for trading at the specified time.
  • By clicking the Save... button, one can save the screened symbols into a unique sector.  This allows you to run back tests or signals against the screened symbols.
  • If the screened symbols are saved to a new sector, that sector can be opened and viewed in the Daily Signals Listing.  This allows you to easily view an abundance of additional information on your screened symbols, such as charts, recommendations, company financials, news stories, and more.
  • The Scheduling allows you to run a Screener Setup on an automated basis, saving the screened symbols to the sector of your choice.  You can then perform additional processing on the new sector as desired.

While the Screener does not provide exit signals or full back test results, some traders find it to be a very helpful tool in identifying current market, sector and stock conditions.  The StrataSearch Screener provides a great deal of flexibility and power in this regard.

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Next Step: Examining Calculations

See AlsoScreener, Sectors, Scheduling