Stock scans are easy to write and absolutely essential to swing trading. You need to be able to find stocks with the exact setup that you are looking for.

On this page, I am going to show you how to do it using StockCharts. You will need to sign up for the EXTRA! After you get an account set up with StockCharts. After you click on that you will be taken to the scanning page.

My swing trading Process Flow | stockbee

Scroll down to the bottom where it says, "Advanced User Interface". Next you will see the scan expression box. Copy and paste the following scan into the scan expression box on StockCharts. I've cut off some of the picture above so that it wasn't too big but I think you can see how it will look.

How To Quickly Scan For Swing Trade Pullbacks

A window will pop up, then save it using something descriptive. Since this scan looks for stocks on the long side that have pulled back into the TAZ we will name it TAZ-Long.

After that click "Run Scan". You now have a whole list of TAZ stocks. Now all you have to do is go through these stocks and pick out the best looking setups and add them to your watch list.

Can you tell what the components of the scan mean? In the first line we are looking for US stocks with average volume of at least , The next two lines we are finding stocks that have consecutive lower highs or lows. Then you have the moving average lines in the scans that find stocks that have moved into the TAZ.

We then use the ADX Indicator to make sure we find stocks that are trending.

The next line makes sure that the stock is in an uptrend on the weekly chart. Finally we pick stocks with a closing price of at least 5 dollars on the long side and at least 10 dollars on the short side don't trade penny stocks!

There is another scan that I use to identify stocks that are at the beginning of a trend. It is a moving average crossover scan. On the long side, it identifies stocks where the 10 MA has just crossed above the 30 EMA.

On the short side, it identifies stocks where the 10 MA has just crossed below the 30 EMA. Sometimes you might just want to find the strongest stocks that are trending up. This is useful for building a watch list. Here is the scan that I use:.

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Here is a list of the best scanning and charting services available today. Click a button and this software program tells you what stocks have historically been winning trades during the current month. It also tells you exactly what day to buy and what day to sell to make a profit.

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How to Use StockCharts. Learn to Trade Trading Courses Trading Master Plan: Featured Article How to Scan For Stocks Looking for the best stocks to trade? See my list of the top technical analysis books that I think every trader should own.