Creating custom screens using TradingView’s Stock Screener is a powerful way to tailor your stock analysis to your specific trading needs. By using custom stock screens, traders can focus on stocks that meet particular criteria, enhancing their trading strategy and efficiency. Here’s a step-by-step guide to help you create and manage custom screens effectively.
Also Read: Top Filters to Use in TradingView’s Stock Screener?
1. Access the Stock Screener
First, you need to access TradingView’s Stock Screener. Log in to your TradingView account and navigate to the Stock Screener tool. You can find it under the “Products” tab by hovering over “Screeners” and selecting “Stock Screener 2.0.”
2. Create a New Screen
To start creating a custom screen, click the “+” sign in the top right corner of the Stock Screener interface. This will open a new screen setup where you can build your criteria.
3. Build Your Query
Next, define the criteria for your custom screen. You can set various parameters, including:
- Market Cap: Filter stocks based on their market capitalization to focus on large-cap, mid-cap, or small-cap stocks.
- Price-to-Earnings Ratio (P/E): Select stocks based on their P/E ratio to find overvalued or undervalued stocks.
- Dividend Yield: Filter stocks based on their dividend yield to find high-dividend-paying stocks.
- Volume: Adjust the volume criteria to focus on stocks with high trading volume.
- Volatility: Choose stocks based on their volatility to find more stable or more volatile stocks.
Also Read: How Does TradingView’s Stock Screener Help You Find the Best Stocks?
4. Adjust Columns
Customize the columns displayed in your screener to ensure you view the most relevant data. Click on the “3 vertical lines” icon to add or remove columns. You can include technical indicators, fundamental data, and other metrics that are important for your analysis.
5. Add and Activate Filters
To add a filter, click the “Add filter” button at the top of the filter panel. A dropdown list will appear where you can select the filters you want to apply. For each filter, activate it by clicking the corresponding pill button.
- Technical Indicators: Filter stocks based on technical indicators like Moving Averages, RSI, MACD, etc.
- Fundamental Analysis: Apply filters based on fundamental metrics such as earnings per share (EPS), debt levels, and revenue.
6. Save Your Custom Screen
After setting up your custom screen, save it for future use. Click the “Save” button located on the top panel next to the template name. You can also save it as a new template by selecting “Create new screen” from the template menu.
- Rename Template: To rename your template, click on the template menu and select “Rename.” Enter a new name and save it.
- Save as Template: Click “Save” or use the keyboard shortcut Shift + Alt + S (Windows) or Shift + Option + S (Mac).
Also Read: Common Mistakes to Avoid When Using Pine Script™
Set Alerts
To receive notifications based on your custom screen’s criteria, set alerts. Click on the “Alerts” icon and configure the alert settings to notify you when stocks meet your specified conditions.
Export Data
If you need to analyze the data offline, you can export it to a CSV file. Click on the export button in the top right corner of the screener to download the data.
Manage Templates
You can manage your custom screens and templates by selecting “All my screens…” in the template menu. Here, you can delete unwanted templates or revert to the default screen settings.
- Delete Template: To delete a template, open the template menu, select “Delete screen,” and confirm the action. Note that deleted templates cannot be restored.
- Revert to Default: Use the “Revert to default screen” option to return to the standard settings.
Conclusion
Creating custom screens using TradingView’s Stock Screener allows you to tailor your stock analysis to your specific needs and preferences.
By following these steps, you can efficiently filter stocks, customize your view, and save your settings for future use.
Whether you’re a seasoned trader or just getting started, mastering these tools will enhance your trading strategy and help you make more informed decisions.
