Scans for Day Trading Stocks

Scanner in HAMMER is tied to a Portfolio window, where you can add a scanning algorithm. The scan executes, for each row in the portfolio, a mathematical formula involving the symbol’s parameters and technical indicators calculated for that symbol. This happens continuously, as new data comes in. The scan, for each row, produces a Scan Result displayed in the portfolio and can be used to sort the portfolio or show/hide some rows. You can use all the indicators that Hammer supports into the scans and make scans of your own. For example, you can scan through the portfolio for stocks that fit the “Death cross” pattern (50-day moving average crosses down 200-day moving average) or get alerted when the stock price touches the Bollinger bands (either upper or bottom line) etc. Hammer can help you scan in real time through stocks by parameters that match your own personal strategy.

Advanced Scanners

If you can’t find what you need in our built-in list of scanners, just switch to Advanced mode and you can utilize your coding skills as well. The scans are fully customizable and can be rewritten by you in C# code. You can create the exact rules by which Hammer can scan stocks and match your professional strategy.

The scan can be applied to any portfolio from the Scanner tab on the portfolio. You can run the scan through any time frame that suits your style.

By setting up your scanner to search for Inside bars you can narrow down the list of stocks on your watch list to only those that show signs of a potential breakout.

Or if you have a broad range of investments you can easily go through all of them and see which ones are expected to do nothing for the time being. This can be checked on all desired time frames including custom ones of your preference.