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Q,

At FinViz (or at Schwab and other data sources), it's possible to run stock scans based on fundamental and/or technical indicators. The most productive scan is probably one based on RSI as it crosses its threshold. Then, however, the results require further vetting, and about 95% gets discarded. That's a lot of work to find a few trading candidates.

My scanner, OTOH, --which is a "voting system" based on ten, western-style, technical indicators, plus Candle Pattern Analysis-- can slam through 100 stocks per second and yields very few results, all of which still also require further vetting.

Either path achieves the same goal, which is "finding horses at the starting gate". Then comes the true work of converting that 'information' into to 'action'. That, frankly, is what I'm still struggling with for there being such a difference between the seeming clarity, simplicity, and obviousness of charts based on EOD bars and the messiness of intra-day price action (for which Friday's chart is a good example).

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