Files Dropdown Menu
Most of the items in the Files dropdown are self-explanatory and merely
provide another way to navigate around the program.
There are some scanning tools in the dropdown list that deserve special
You can scan for either Bull or Bear candlestick signals in a single session
but not both at the same time. You can open a second candlestick scan window
at the same time to accomplish the same purpose. The scan results are
automatically saved in the OS or OB watchlist replacing any previous
The scan includes the most important candlestick single and multiple candle
patterns. The scan also includes some trending filters and resistance price
breaks to greatly expand the usefulness of the scan. Unless you built it
yourself you are not likely to find an equally comprehensive candlestick
scanning method in any other software.
The patterns and peculiar names were adopted from the work at
This manual does not contain a detailed description of each separate
candlestick pattern and formation. We do, however, cover many of them in the
Tradingfives blog and in separate training videos. The practical value of
candlestick trading cannot be overemphasized. You owe it to yourself to
learn everything you can about candlestick trading. There are many YouTube
videos on the subject.
This scan alerts on trending stocks that are in position to reverse momentum
on today's daily bar or the most recent hourly bar. These alerts are not
trading signals. Alerts must be placed in context of the stock's Market
Location and technical strength. The results of this scan appear in the OB
and OS lists on the Market Location page.
You can select which lists to scan with the radio buttons.
This scan detects an extreme change in momentum which may indicate a short
term trading opportunity. These alerts are not trading signals. Alerts must
be placed in context of the stock's Market Location and technical strength.
The results of this scan appear in the OB and OS lists on the Market
You can select which lists to scan with the radio buttons. This scan often
displays 0 results.
Charts panel allows you to view up to nine charts that update
automatically in near real-time. The Trend Charts panel has a user
controlled section that allows you to set an alert on any chart in the
panel. You can alert on all nine charts if desired. You can have these
alerts emailed to one email address of your choice. You must click the YES
radio button to activate this feature for each session. The choice to email
alerts does not persist between sessions.
We have had the most success using gmail as the sender. The default SMPT and
Port Number are set for gmail. You can experiment with other email SMPT
Server A sometimes presents daily data adjusted for stock splits. Sometimes
it does not. Server B and Server C never automatically adjust daily data for
You must manually enter stock split information exactly as shown in the
above example to affect daily data from Server B and Server C only. Enter
information only for the most recent stock split.
The Payable Date must be in the format yyyymmdd. The "dd" portion represents
the two digit day of the month. Stock split information is usually presented
on web sites with a record date, the date that the stock split first became
effective. You must enter a day date in the table that is 1 less than the
record date. For example, if a web site said that ABC split 1 for 5 on July
10, 2016, you would enter the Split Ratio as 1:5 and the Payable Date as