Screeners

The Screeners are SuperTrading's powerful stock discovery tools, designed to identify stocks that meet specific criteria aligned with our SuperTrading Methodology. These advanced filters help you find high-probability trading setups from a universe of thousands of stocks using our comprehensive top-down approach.

Overview

SuperTrading's screeners combine technical analysis, fundamental metrics, and market conditions to identify stocks in optimal "elastic band" states - either stretched from equilibrium (setup for mean reversion) or breaking out from consolidation (momentum opportunities).

Core Screening Philosophy

Market States & Setups

Our screeners categorize stocks into three primary states:

• Equilibrium: Stocks consolidating near key moving averages
• Stretched: Stocks extended beyond normal trading ranges
• Breakout: Stocks emerging from consolidation patterns

Quality Filters

All screeners include quality filters to ensure tradeable opportunities:

• Liquidity: Minimum volume and market cap requirements
• Volatility: Optimal volatility ranges for swing trading
• Fundamentals: Basic financial health metrics
• Technical Health: Chart pattern and trend analysis

SuperTrading Universe Selection Criteria

Our screening process starts with a curated universe of high-quality stocks that meet these specific requirements:

• Market Capitalization: Greater than $500 million
• Stock Price: Above $5 per share
• Daily Dollar Volume: Minimum $20 million in average daily trading volume
• Average Daily Range (ADR): Greater than 3% for adequate volatility
• NASDAQ-100 Inclusion: All NASDAQ-100 stocks are automatically included regardless of other criteria

These filters ensure we focus on liquid, institutional-quality stocks with sufficient volatility for profitable swing trading while avoiding penny stocks and low-volume securities.

Available Screeners

🌍 Universe & Foundation Screeners

Universe Screener

Base liquidity and quality filter for the SuperTrading universe:

• Purpose: View all stocks meeting our basic quality criteria
• Criteria:
  • Market cap > $500M
  • Price > $5
  • Daily dollar volume > $20M
  • Average daily range > 3%
• Use Case: Starting point for all other analysis

Market Leaders

Top relative strength stocks with momentum across timeframes:

• Purpose: Identify the strongest stocks in the market
• Criteria:
  • Top 20% relative strength ratings
  • Consistent outperformance across multiple timeframes
  • Strong fundamental metrics
• Use Case: Find stocks leading the market higher

Liquid Leaders

High-liquidity momentum leaders for institutional-quality trading:

• Purpose: Focus on the most liquid stocks with strong momentum
• Criteria:
  • Exceptional daily volume (>$100M)
  • Strong relative strength
  • Institutional ownership patterns
• Use Case: Large position trading with minimal slippage

📈 Breakout & Momentum Screeners

52 Week High Screener

Stocks approaching or breaking 52-week highs with strong momentum:

• Purpose: Identify stocks making new highs
• Criteria:
  • Within 5% of 52-week high or breaking out
  • Strong volume confirmation
  • Positive momentum indicators
• Use Case: Momentum and breakout trading

VCP (Volatility Contraction Pattern)

Minervini-style pattern recognition:

• Purpose: Find stocks with contracting volatility before breakout
• Criteria:
  • RS ≥ 60 (top 40% performers)
  • Within 15% of 52-week highs
  • Base depth ≤ 25%
  • Volatility contraction using ATR analysis
  • Volume drying up during consolidation
• Use Case: Position before major moves

🎯 Technical Setup Screeners

21-Day MA Pullbacks (ATR-based)

High-conviction pullback setups:

• Purpose: Find quality stocks pulling back to support
• Criteria:
  • RS ≥ 80 (top 20% performers)
  • Pullback < 1x ATR from 21-day moving average
  • In established uptrend
  • Volume patterns confirming support
• Use Case: Entry on pullbacks in strong stocks

📊 Volume & Activity Screeners

Highest Volume Screener

Stocks with exceptional volume indicating institutional activity:

• Purpose: Identify unusual institutional activity
• Criteria:
  • Volume spike ≥ 1.5x recent average
  • Price > $5 for quality
  • Average volume > 100K shares
• Use Case: Following smart money and news-driven moves
  • Strong price movement (>5%) on volume spike
  • Technical breakout from consolidation pattern
  • Clean moves without recent earnings/news
• Use Case: Following institutional accumulation and smart money

🔄 Mean Reversion & Elastic Band Screeners

Elastic Band - Stretched Long

Stocks extended too far above 21-DMA showing overbought conditions:

• Purpose: Identify overbought stocks due for mean reversion
• Criteria:
  • Price > 2x ATR above 21-day moving average (stretched long)
  • Relative strength > 50 (quality filter - avoid broken stocks)
  • Volume above average (confirmation of movement)
  • Not within 5% of 52-week high (avoid catching breakouts)
• Use Case: Profit-taking opportunities, short candidates, avoid new longs
  • Take profits on extended positions
  • Short-term mean reversion plays
  • Risk management for existing longs

Elastic Band - Stretched Short

Quality stocks extended too far below 21-DMA showing oversold conditions:

• Purpose: Find oversold quality stocks due for bounce
• Criteria:
  • Price > 1.5x ATR below 21-day moving average (stretched short)
  • Relative strength ≥ 70 (strong stocks only - temporary weakness in quality names)
  • Above 50-day moving average (overall uptrend intact)
  • Volume spike on decline (selling exhaustion signal)
• Use Case: Pullback entries, bounce plays in quality stocks
  • Entry opportunities in strong stocks temporarily oversold
  • Mean reversion plays in established uptrends
  • High-probability bounce setups

How to Use the Screeners

Top-Down Approach

1. Start with Market Conditions: Check Market Dashboard first
2. Select Appropriate Screener: Match screener to market environment
3. Apply Quality Filters: Focus on high-quality universe stocks
4. Validate Setups: Confirm with technical and fundamental analysis

Market Environment Selection Guide

Bull Market Environment

• Focus on: Market Leaders, 52W High, VCP, 21DMA Pullbacks, Elastic Band Short (for dip buying)
• Avoid: Elastic Band Long (extended stocks), shorts and heavy mean reversion

Bear Market Environment

• Focus on: Highest Volume (for shorts), Elastic Band Long (for shorts/profit-taking), strong RS bounces
• Use: Defensive screening with tight stops, mean reversion opportunities

Sideways/Range-Bound Market

• Focus on: 21DMA Pullbacks, VCP patterns, Elastic Band Long & Short (range trading)
• Strategy: Mean reversion and range-bound trading using elastic band levels

Combining Screeners

Multi-Screener Approach

• Primary Screen: Use your main screener (e.g., VCP)
• Secondary Screen: Confirm with volume or RS screener
• Final Filter: Check against Universe screener quality

Sector Integration

• Combine screener results with Industry Analysis
• Focus on stocks in leading sectors
• Avoid stocks in lagging sectors unless extremely compelling

Risk Management & Screening

Quality Control

Every screener includes built-in quality filters:

• Liquidity: Minimum $20M daily dollar volume
• Price: Minimum $5 stock price
• Market Cap: Minimum $500M market capitalization
• Volatility: Adequate ADR for profitable moves

False Signal Reduction

• Volume Confirmation: All setups require volume validation
• Multiple Timeframes: Patterns confirmed on daily and weekly charts
• Sector Context: Stocks must align with sector trends
• Earnings Timing: Avoid setups before earnings (unless specifically targeting)

Position Sizing Integration

• High Conviction (VCP, Leaders): Larger position sizes
• Medium Conviction (21DMA, 52W): Standard position sizes
• Speculative (High Volume): Smaller position sizes with tight stops
• Sector/Industry: Specific industry focus
• Geographic: US, international, emerging markets
• Liquidity: Volume, spread, float considerations

Using Screeners Effectively

Market Condition Alignment

Choose screeners based on current market environment:

• Bull Markets: Focus on momentum and breakout screeners
• Bear Markets: Emphasize oversold bounces and short setups
• Sideways Markets: Use mean reversion and range-bound strategies
• Transition Periods: Look for early leadership changes

Screening Workflow

1. Assess Market Environment: Start with market dashboard analysis
2. Select Appropriate Screener: Match strategy to market conditions
3. Review Results: Quality check and eliminate low-probability setups
4. Prioritize by Strength: Rank opportunities by confluence of factors
5. Add to Watchlists: Organize by setup type and timeframe

Result Management

• Daily Refreshes: Screeners update with latest market data
• Historical Back-testing: Performance tracking of screener results
• Export Options: CSV, Excel, and direct-to-watchlist functionality
• Alert Integration: Get notified when stocks meet your criteria

Advanced Screening Techniques

Multi-Factor Analysis

Combine multiple criteria for higher probability setups:

• Technical + Fundamental: Strong charts with earnings support
• Momentum + Mean Reversion: Oversold leaders in strong trends
• Sector + Individual: Strong stocks in strong sectors
• Time + Price: Seasonal patterns with technical setups

Dynamic Screening

Adjust criteria based on market volatility:

• High VIX Environment: Looser technical criteria, focus on quality
• Low VIX Environment: Tighter criteria, focus on momentum
• Sector Rotation: Emphasize relative strength vs. absolute levels
• News/Event Driven: Screen around earnings, FDA approvals, etc.

Backtesting Integration

• Historical Performance: How well screeners performed historically
• Market Condition Analysis: Performance in different market environments
• Risk Metrics: Maximum drawdowns and volatility of screener results
• Optimization: Adjust parameters based on historical performance

Screener Performance Metrics

Success Rate Tracking

• Win/Loss Ratios: Percentage of profitable trades from each screener
• Average Return: Mean profit/loss per screener result
• Hold Time: Average duration from entry to exit
• Maximum Adverse Excursion: Worst drawdown during trades

Market Environment Performance

• Bull Market Results: How screeners perform in rising markets
• Bear Market Results: Performance during declining markets
• Volatility Sensitivity: How VIX levels affect screener success
• Sector Rotation Impact: Performance during different sector leadership

Integration with Trading Workflow

From Screen to Trade

1. Run Appropriate Screener: Based on market analysis
2. Quality Filter Results: Remove low-probability setups
3. Add to Watchlists: Organize by priority and setup type
4. Set Alerts: Monitor for optimal entry points
5. Execute with Confirmation: Wait for setup completion
6. Manage Risk: Set stops and targets based on setup type

Portfolio Construction

• Diversification: Use multiple screeners to avoid concentration
• Position Sizing: Weight positions based on screener confidence
• Risk Management: Set portfolio-level risk limits
• Correlation Monitoring: Avoid overexposure to similar themes

Mobile Screening

On-the-Go Discovery

• Pre-Built Screener Access: All screeners available on mobile
• Quick Filters: Fast screening with simplified criteria
• Watchlist Integration: Direct addition to mobile watchlists
• Alert Notifications: Push notifications for new screening results

Offline Capability

• Cached Results: Last screening results available offline
• Sync When Connected: Automatic update when internet available
• Battery Optimization: Efficient processing for mobile devices

The Screeners provide the foundation for systematic stock discovery, helping you find the best opportunities that align with SuperTrading's proven methodology while maintaining the discipline and consistency essential for long-term trading success.