The Structure
On the left most side of the screener the user can see the list of tickers. These can be customized in the settings menu. Traders can pick between 20 assets. The screener supports all assets built into the TradingView platform.
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| The screener turned on by default with optional assets |
Each row in the screener table will scan across all selected assets on the timeframe currently selected by the user. For example; if the user is on the 15m chart; the screener will screen all the 15m charts for the selected assets.
Signals
The Trend Signals column leverages ChartPrime’s premium Trend Signals found in Market Oracle. Here it shows the current signal when using the tuning set within the settings.
If there is a sell signal; the box will be red with a “Sell” label. If there is a buy signal, the box will be green with a “Buy” label. Interestingly; users will notice ticks appearing next to these labels. For example a Buy with two ticks next to it. A tick appears when a take profit has been hit by the price action. Therefore two ticks would represent two take profits being hit.
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| TPs displayed to user |
Two take profits being hit would suggest that the signal may possibly have “expired” or the best part of the trade has already played out. A single tick may also suggest this.
Looking for signals with no ticks can give the most opportunity and the signal hasn’t yet fully played out.
Reactor
The next column is the reactor column. This column takes data from the reactor found within Market Oracle. If the reactor found within oracle is red; then the screener and cell will say “Bearish” and if the reactor is green, the screener will say “Bullish”. Generally this column is excellent for confluence purposes rather than actionable signals.
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| The Reactor being reflected in the screener |
Looking for opportunities e.g. Sell signal with no ticks and a bearish reactor provides confluence and confirmation of a market downtrend with an opportunity for a trade to be entered.