Using the Sample Scan Library

Scans can be complicated, and learning to write effective scans takes time, but you don't always have to start from scratch.

The Sample Scan Library offers a wide range of already-written scans for you to run as-is or use as the basis for your own custom scans.

Accessing the Sample Scan Library

The quickest way to access the Sample Scan Library is from the Scans & Alerts menu at the top of most pages on our site.

You can also access the Sample Scan Library from the Your Scans area of Your Dashboard. Click on the More button and select Sample Scan Library from the dropdown menu.

Parts of the Sample Scan Library

The image below shows the Sample Scan Library.

The buttons along the top allow users to choose different categories of sample scans, with the Technical Indicators category selected by default. Other categories show scans based on new highs/lows, candlestick patterns, or P&F patterns. The Predefined Groups category allows users to compile a list of symbols in a group (e.g. all the stocks in the S&P 500). The By The Experts category features sample scans by expert technical analysts.

Once you select a category, relevant sample scans are shown for that category, typically with bullish scans on the left and bearish ones on the right. A search box at the top right allows you to search all the scans in that category by keyword.

A green Run button next to each sample scan allows you to run the scan right from the library. The scan results for sample scans are exactly like the scan results you get from running custom scans in the Advanced Scan Workbench.

Learn More: Working with Scan Results | Advanced Scan Workbench

The blue Edit button next to each sample scan opens the scan in the Advanced Scan Workbench, so you can modify the scan clauses to meet your specific requirements.

The purple Show/Hide Filters button at top left allows you to apply filters to your sample scan. For example, you can limit the scan results to symbols that trade options, symbols within a certain sector or symbols whose market cap falls in a specific range.

Customizing a Sample Scan with Filters

By default, sample scans are run against stocks that are members of major US indexes, but users can set filters to change the stocks that will be checked when the sample scan is run.

In addition, users can limit scan results for the sample scan based on other technical criteria.

Accessing Sample Scan Filters

Use the purple Show Filters button at top left of the Sample Scan Library to open the filters panel on the left. When the panel is open, the purple button becomes a Hide Filters button that can be used to close the panel.

Available Sample Scan Filters

Users can limit their sample scan results based on the following filters:

Index Membership: By default, scan results are limited to stocks in major US indexes, but this setting can be changed using the Index Membership filter.

Sector: Limit sample scan results to symbols in a specific sector. Both US and Canadian sectors are available.

SCTR: Limit sample scan results to symbols whose SCTR value is in a certain range.

Market Cap: Limit sample scan results to symbols with a market cap in a certain range.

Dividends: Limit sample scan results to symbols that do or do not pay dividends, or whose yield or dividend values fall in a certain range.

EPS: Limit sample scan results to symbols whose EPS value falls in a certain range.

P/E Ratio: Limit sample scan results to symbols whose P/E Ratio value falls in a certain range.

Options: Limit sample scan results to symbols that do or do not trade options.

Changing Sample Scan Filters

To change one or more filter values, expand the dropdown menu for that filter and choose a new value. To remove a filter, choose the --select-- option in the dropdown menu.

Note: A filter based on Index Membership must always be applied, but the other filters are optional. More than one filter can be applied to your scan.

The filter(s) you selected will be incorporated the next time a sample scan is run.

Cool Tip: if you click the Edit button next to a scan after applying filters, you can see the scan clauses that were added for those filters.

You can hide the filters panel using the purple Hide Filters button at top left or the button at the bottom of the filters panel. The filters will continue to be applied to your sample scans even if the filters panel is hidden.