Us stocks and ETFs

Screening Filters

1. Price: 10–150 USD

   • Purpose: Focus on reasonably priced, actively traded names suitable for short-term trading.
   • Rationale:
     • Below $10, many stocks are low‑priced or “penny” names, which often have wider spreads, less liquidity, and higher manipulation risk—problematic for 5‑minute scalping.
     • Above ~$150, you can buy fewer shares per trade with the same capital, which can limit flexibility in position sizing and scaling in/out.
     • The $10–150 band is a common “sweet spot” for intraday traders: enough volatility and liquidity, but generally more stable order books than microcaps.

2. Beta: HighRisk (high beta)

   • Purpose: Find stocks that move more than the overall market—vital for short time‑frame trades.
   • Rationale:
     • High beta stocks tend to have larger price swings. On a 5‑minute chart, that means more opportunity for meaningful moves (e.g., 0.5–1% fluctuations you can trade) instead of tiny noise.
     • Very low‑beta names (defensive utilities, some mega‑caps) may barely move in 5‑minute windows, offering little opportunity for intraday setups.

3. Monthly Average Dollar Volume: ≥ $5,000,000

   • Purpose: Ensure strong liquidity so you can enter and exit quickly without moving the price too much.
   • Rationale:
     • Dollar volume (price × volume) captures both how many shares trade and how much capital flows through the stock.
     • A minimum of $5M/day (on average) helps filter out illiquid names that:
       • Have wider bid–ask spreads (higher trading cost per round-trip).
       • Can “gap” on small orders, which is dangerous for tight stop‑losses in 5‑minute trading.
     • Liquid stocks/ETFs are essential for intraday strategies, especially if you plan to scale position size.

4. 5‑Minute Price Change %: 0.4%–2.5% (min5_price_change_pct)

   • Purpose: Target symbols that typically show meaningful movement within a 5‑minute bar, but avoid extremes.
   • Rationale:
     • Lower bound (0.4%): Ensures there is enough movement in typical 5‑minute candles to make a trade worthwhile after costs (spreads, commissions, slippage). If a stock only moves 0.1% in 5 minutes on average, there’s not much room to profit.
     • Upper bound (2.5%): Filters out extremely erratic, spiky names that can jump several percent in minutes. Those might be highly news‑driven, thinly traded, or manipulated—too risky and unpredictable for most structured 5‑minute strategies.
     • This band aims for “tradable volatility”: big enough moves to matter, but not so wild that risk is unmanageable.

5. Region: United States

   • Purpose: Match your explicit request for US stocks/ETFs and keep to US market hours and regulations.
   • Rationale:
     • US listings provide consistent market structure, high transparency, and predictable open/close times—important when building and testing intraday strategies.
     • Avoids foreign exchanges with different liquidity patterns, currencies, and trading rules that can complicate 5‑minute trading.

6. Exchange: XNYS (NYSE), XNAS (NASDAQ), XASE (NYSE American)

   • Purpose: Limit results to major US exchanges where most high‑quality, liquid stocks and ETFs trade.
   • Rationale:
     • NYSE, NASDAQ, and NYSE American are the primary US equity/ETF venues with:
       • Strong liquidity and tight spreads.
       • Reliable data and robust market oversight.
     • Excludes OTC and pink‑sheet names, which are generally unsuitable for systematic 5‑minute trading due to poor liquidity and higher risk of irregular price behavior.

Why Results Match Your Request

• They are US‑listed stocks and ETFs (region + exchange filters) as you requested.
• They are liquid enough for frequent in‑and‑out trades (dollar volume filter and major exchanges), helping minimize slippage and spreads.
• They exhibit sufficient intraday volatility without being pure chaos (high beta + constrained 5‑minute price change range), which is critical for 5‑minute trading opportunities.
• They are in a practical price range for active trading (price filter), giving you flexibility in position sizing and risk management.

Overall, these filters don’t guarantee “the best” in terms of performance, but they narrow the universe to stocks and ETFs that structurally fit 5‑minute trading: liquid, volatile enough, and tradable in a disciplined intraday strategy.