Market Filters Help
Concepts
A Filter is group of one or more technical indicators. A Filter is used to scan the market to find stocks meeting its criteria, for example looking for oversold stocks.
FilterScore is a numerical score assigned to a stock during analysis. For each indicator chosen all stocks in the market are scored and if more than one is chosen these scores are combined and normalized. FilterScore is always a value between 0 and 100, where a higher score means that stock fits the indicators(s) well.
FilterScore is meant to make technical analysis easier and more efficient. Traditionally analysts need to look at a graph and decide if a stock is about to break through it's Bollinger Band, as an example. Using the FilterScore a user can determine instantly how attractive a stock looks on the basis of Bollinger Bands without needing to process all the data yourself. The final score tells you how strong of a signal is being produced for any given indicator.
FilterRating is a concept combining the FilterScore of several filters into a single result. The rating is either "Overbought", "Oversold" or "Neutral". The filters are chosen based on their performance in back-testing, and the scores of the top few are averaged.
| Oversold | Neutral | Overbought |
|---|---|---|
 |  |  |
Stock Filters (and Scans)
These filters are run right away and the results will appear in the "Results" area below when finished. You can run multiple filters in a session which will then all appear in the "Recent Results" selector. They are listed with a timestamp so if you run the same filter again you know at what time. Using the "Recent Results" selector you can flip between recent filters you have run.
Stock Fitlers are a large table with the following fields:
| FilterRank | The rank of this symbol, starting at zero which is the highest. |
|---|---|
| Symbol | This symbol. Clicking on this will open a new window with more data at an external site. |
| Price | The latest known price of this stock. |
| FilterScore | The Market Filters score that lead to it's ranking. |
| Open | The stocks open price today. |
| High | The stocks highest traded price so far today. |
| Low | The stocks lowest traded price so far today. |
| Prev Close | The previous days closing price. |
| Volume | The volume of trading for this stock so far today. |
| Avg Daily Volume | The average daily volume of this stock. |
| EPS | An estimate of the Earnings Per Share of this stock. |
At the top of the results report are two extra number: Number Ranked and Average Score. Number ranked counts all stocks considered but not excluded by the indicators. Some indicators are primarily exclusion-based so this number may get small. Average Score is simply the average score of all ranked stocks. This number gives some extra context for evaluating the scores in the report.