05/28/2021 |

Software Update: Extended Hours Market Scanning + Alerts

Hello everyone, today brings yet another Software Update from our development team! The newly added BQT data feeds have set the stage for the next progression of our product. Better data means we can build you better tools and more capabilities. This update is focused on expanding the use of extended market data when scanning or creating alerts for strategies.

Stop flipping through charts manually every morning or evening to find what’s moving pre or post-market. Instead, input your favorite scan criteria and search through any index or predefined watchlist for a particular technical setup – now both during AND outside of normal trading hours. This new extended hours capability is supported in the Market Scanner.

Pre and Post Market Scanning:

As mentioned, TrendSpider can now scan the market using pre-and-post session market data. This means you can now scan for pre-market gappers, pre-market volume, and much more. To try this feature, open the TrendSpider Market Scanner. You will now see a new checkbox labeled “ext. hours”.  Check this box. If you want to scan the current candle, be sure to also check the “current candle” box as well. Now, input your scanner conditions as normal and when you hit Scan, the Market Scanner will apply your scan against all available data, not just the normal market session. We believe this functionality will be extremely useful for finding stocks moving with high volume after earnings or news but outside of normal market hours.

Pre and Post Market Multi-Factor Alerts:

To create a multi-factor alert that uses extended hours market data in its calculations, click the Alert button and then select Multi-Factor Alert at the top of your application.  This will prompt the Multi-Factor Alert pop-up window. It means the alert will calculate the relative position of indicators or trendlines you have created the alert on using data that incorporates extended market hour trading. Focus on the far right top corner this window where the checkbox labeled “ext. hours” is located. Check it, and your script will include aftermarket data in its indicator calculations. Please note: This does NOT mean this alert will trigger during the extended session. Firing during extended market hours is not yet supported, but is coming very soon to the platform.

Pre and Post Market Data in Dynamic Price Alert:

To create an on-chart Dynamic alert, simply right-click any trendline or indicator on your chart and select “create alert”. This will open a pop-up window displaying a panel of information you can customize for the alert you are trying to create. On indicators, check the “ext. hours” box to have it use extended hours data in its indicator calculations. On trendlines enable extended hours data on your chart, then right-click and create an alert to have extended hours data considered. Please note: This does NOT mean this alert will trigger during the extended session. It means the alert will calculate the relative position of indicators or trendlines you have created the alert on using data that incorporates extended market hour trading. Firing during extended market hours is not yet supported, but is coming very soon to the platform.

 

Learn more about these features and how to use them in this video

See how these features work in action during the post market session in this demonstration video.