For scalping

Screening Filters & Rationale

1. Relative Volume (min: 2):

   • Purpose: Identify stocks with trading activity at least twice the average volume.
   • Rationale: High relative volume indicates increased interest and potential for rapid price movements, ideal for scalping.

2. Beta (HighRisk):

   • Purpose: Focus on high-beta stocks that are more volatile than the market.
   • Rationale: Volatile stocks provide frequent price swings, creating opportunities for quick trades.

3. Weekly Average Turnover (min: 1,000,000):

   • Purpose: Ensure sufficient liquidity for entering and exiting trades quickly.
   • Rationale: High turnover minimizes slippage and ensures smooth execution of scalping trades.

4. Moving Average Relationship (PriceAboveMA5):

   • Purpose: Target stocks with prices above their 5-day moving average.
   • Rationale: Indicates short-term bullish momentum, aligning with scalping strategies.

5. Candlestick Pattern (White Candlestick):

   • Purpose: Select stocks forming a white candlestick pattern.
   • Rationale: This pattern suggests upward price momentum, suitable for quick profit opportunities.