by Alex Martin

In this months newsletter we will be exploring price range, average volume, company description, assets and liabilities for the fundamental choices. We will also restrict the search to a smaller set of exchanges. For the technical indicator we will include the RSI technical indicator (as featured in the ChartFilter Newsletter #6).

Step 1: Limiting the Exchanges.

For this example we will concentrate the search on TSE, TSX, NYSE, AMEX and NASDAQ.

Step 2: Technical Indicator RSI

Choose a signal age of 1 to 10 days.

The RSI is a momentum indicator, or oscillator, that measures the relative internal strength of a market (not against another market or index). As with all oscillators, RSI can provide early warning signals but should be used in conjunction with other indicators. Divergences are the most important signal provided by RSI. It is important to chart each one of your results to accurately analyse the RSI. For more information see report on RSI

Step 3: Fundamental, close

In our last newsletter we explored a basic stock screen of price greater than $5. What if we want to look for a range of prices, lets say $5 to $20? To do this we require to use two fundamental boxes.

Close greater than or equal to $5 and Close less than or equal to $20.

Step 4: Fundamental, average 30 day volume

In this screen we will keep the criteria of 30 day average volume greater than or equal to 50 000.

Step 5: Fundamental, business description

We have several options in our business description, this is similar to looking for sectors. We can choose oil, medical, energy, tech, manufacture, and so forth. The description of the company describes what business the company is involved in.

For this filter, we will use a business description equal to oil

Step 6: Fundamental, assets and liabilities

For these fundamentals we will NOT be including an operator nor a value.

This will give us the assets and liability values that are stored in the ChartFilter database. It will not be included as a condition.

Step 7: click search and view results

These are the results of the search.

Click on graphic to enlarge

The database has returned 20 matches for our query. The first on our list (in my opinion) can be removed since assets are less than liabilities, however the second listing may be of value to begin analyzing.

When analyzing these results, it is important to include complimentary indicators with the RSI and pay close attention to divergances and convergances within the chart. For more information on analyzing the RSI, consult the ChartFilter Newsletter #6.

For more example stock screens, see the ChartFilter stock screener Instructions.

Log in to the ChartFilter stock screener to start.

New user sign-up for ChartFilter click here

When screening for stocks, it is important to experiment until you have found the winning combination. Here are some tips and questions to help introduce you to the ChartFilter stock screener.

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