Online forex screener

Free Forex Screener.

I have learn a lot from this forum, and want to share my own site for screening for forex chart patterns. You can use this forex screener to scans for popular technical indicators such as moving average, exponential moving average, macd crossover, stochastic crossover, RSI scan, candlestick bullish and bearish patterns, price crossovers, average true range (ATR), Commodity Channel Index (CCI), bollinger band crossover, Money Flow Index (MFI) and so on.

Awesome tool thank you.

thank for you ..goodluck.

I visited forexscreener it is really good site for technical analysis and help to take right decision on the basis of scans of popular technical indicators.

Thank you shulink! This is looking good to get the strategy report for forex trade . The moving strategy can be covered with this i think!

is there one that i can select to scan multiple currencies all at one go?

Hi, you can use the one on our main page to scan for all currencies at once.

Hi, you can use the one on our main page to scan for all currencies at once.

where is it ? i can't find it.

hi it really good but I think it must be ned for some up gradation.

we just recently upgraded our site and it should run faster now. We are currently working on a mobile forex screener app for the android market.

ProScreener - market scanning tool Forex & Stocks.

ProScreener is a powerful scanning tool that identifies the securities matching your searching criteria in real-time.

100% flexible: almost unlimited scanning possibilities; set criteria on price, indicators or candlestick patterns Multi-criteria: set a variety of criteria for a unique ProScreener scan Multi-timeframe: define conditions simultaneously matched in numerous timeframes Free: included in your ProRealTime Complete Workstation.

Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced clients who have sufficient financial means to bear such risk. No information on this site is investment advice or a solicitation to buy or sell any financial instrument.

Follow ProRealTime for exclusive info and previews.

How to Screen Currency Pairs.

Price action and Macro.

Traders coming from stock markets are likely familiar with the concept of a ‘stock screener.’

For those that are fortunate to have found the FX Market before equities - stock traders are posed with the constant conundrum of ‘what stock should I trade?’

With more than 15,000 choices, narrowing down one or two stocks that may be amenable to the traders’ goals can be a challenge in-and-of-itself. Traders can ‘screen’ or filter amongst industries, share prices, earnings, growth numbers, and a whole flurry of other statistics in an effort to find what may be the most promising share(s).

Currency traders don’t have such a dilemma, as there is a far more palatable range of options available in the FX Market. On top of that, traders can cover most of the popular currency pairs by simply following the 7 largest ‘majors’ and instituting strong-weak analysis in the manner we had looked at in the article ‘ How to Separate the Strong from the Weak .’ Doing so allows traders to utilize cross pairs such as EURAUD simply by following the major constituents of the pair (EURUSD and AUDUSD).

Screening based on Fundamentals.

Particularly interesting to traders is what MAY happen in the future, as opposed to what had happened in the past. While technical analysis can give traders endless amounts of information to be taken in to account, it will never be perfectly predictive of what MAY happen. Large future price movements are often initiated around news releases or announcements.

These news announcements can create considerable volatility, and potentially even change the near-term perspective of traders speculating in these pairs. As such, it is often advisable for traders to have a general idea of what is on the economic docket for the geographies that represent the currencies that they are trading.

Upcoming announcements with ‘High Importance’ can bring on significant movement. Traders looking to trade breakouts, or fast markets can be well served to look for that type of price behavior around these ‘high importance’ events for the pairs that they are trading. Traders looking to trade range-bound or quiet markets are often looking to avoid these events, choosing instead to wait for this price movement.

For traders looking to follow this data, there are few locations, if any, better than the DailyFX Economic calendar . From this calendar, traders can screen and filter announcements based on their own specific goals. Traders can filter for ‘High Importance’ announcements that could bring considerable volatility into the picture, or they can go a step further by filtering for announcements specific to a particular economy. The picture below will illustrate, with annotations added to point out some of the high points of the page.

The DailyFX Economic Calendar with annotations; by James Stanley.

Upcoming announcements with ‘High Importance’ can bring on significant movement. Traders looking to trade breakouts, or fast markets can be well served to look for that type of price behavior around these ‘high importance’ events for the pairs that they are trading.

For instance, if a trader wants to trade breakouts on EURUSD, they can filter ‘High’ Importance, and filter EUR and USD announcements to arrive at a list of events that could potentially offer the price movements they are looking to take advantage of. The picture below will show the calendar filtered for EUR and USD announcements deemed ‘High Importance.’

These breakout traders will often want to look to place entry orders going into the announcement, looking for a break of support or resistance during or shortly after the release of the data.

Range traders, on the other hand, will often want to avoid these periods, as the additional volatility presented during the ‘High Impact’ announcements can potentially bring very quick breaks of support and/or resistance.

Screening based on Technicals.

Traders looking to screen currency pairs based on past price behavior can do so with the process we walked through in the article How to Separate the Strong from the Weak .

In the article, we show traders how to build the following table, which will show the percentage gain or loss of the major currency pairs that have the constant of the US Dollar:

After traders have analyzed which currencies have been strongest and which have been weakest, they can then begin to build their approach based on their goals.

For traders looking to trade in trending markets, much like we had looked at in Trading Trends by Trailing Stops with Price Swings , focus would want to be geared towards finding the strongest, and the weakest currency – and marrying them together to find the cross pair that may be the most attractive for our purposes.

In the above graph, NZD was the strongest currency, and USD the weakest (8 th place, unlisted as that was the common thread amongst the 7 followed majors).

So, a trader looking to trade a strong trend can focus on a long NZDUSD position as NZD was the strongest, and USD was the weakest currency during the analyzed period; and this currency pair would be a combination of the strongest, and the weakest. And of course, our trader would want to focus on buying the strongest while selling the weakest and going long NZDUSD would allow them to do so.

If, for any reason, a trader wanted to avoid the NZDUSD pairing, they could look at a Long AUDJPY trade. AUD was shown as the 2 nd strongest currency in the above analysis, while JPY was shown as the 2 nd weakest currency, and marrying these two together would provide the same type of function as the previously analyzed NZDUSD trade.

In our next article, we’ll look at how we can combine these two competing forms of analysis to build an approach utilizing both technical and fundamental analysis based on the type(s) of market conditions desired.

--- Written by James B. Stanley.

To contact James Stanley, please InstructorDailyFX. You can follow James on Twitter JStanleyFX.

To join James Stanley’s distribution list, please click here.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

Upcoming Events.

Forex Economic Calendar.

Past performance is no indication of future results.

DailyFX is the news and education website of IG Group.

Bullish and Bearish Forex Screeners (based on 3 indicators)

These is a very effective screeners that will form the basis of an automatic system. I have been using them for about 5 years with great success.

To set it up you will need a new indicator I call “MGC-Coppock” as PRT does not offer the Coppock as such. The code is:

I have uploaded both screeners in. itf format that can be imported straight into your PRT.

Please note that these screeners can also be used for stocks and indices.

Remember to limit the size of the scan by having them only scanning your list of preferred instruments e. g. top 200 stocks, or high volatility Forex pairs.

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Hello Mike and thanks a lot for your precious contribution!

Hello Mike. You’re screener are very interesting. I can see they are made to work on H4 timeframe. To take position, do you zoom into smaller timeframe and search for entries going the same way your screener indicate in H4 ? Based on the same indicators ?

Hello Sofitech, I use these screeners to minimise the time looking for trades in FX. Before I take a trade on the H4 chart, I check the D1 and the H1 and see whether the trend is in favour. They can give signals that could become reversals, but that is a risky trade without looking at the price action. Also it is probably better to wait for the candle to close on the H4. The benefits are that the confluence of 3 indicators should provide a lesser risk as you would know, trading the Ichimoku.

Hope this helps.

Thanks for your answer. I will have a look on your screener results soon. But i like the logic of it. As you say in another post, the stop or trailing stop is the key…

Hope for you this forum and Nicolas will help you to improve your system and maybe to find a way to make it autotrade.

Thanks, Sofitech. Nicolas is working on it now. It is a bit tricky, there being so much visual input. Am considering a trend indicator on the D1 such as Zig-Zag. In fact the NZDJPY D1 is now 14 days into a new uptrend with the H4 showing bullish – it may be worth a look.

Nice system, thanks for sharing.

Maybe we could try to automate this strategy. For example, if all the conditions are met, we could set an automatic order of buying / selling, with stop loss and take profit (I personally like using ATR for this ; we can also code the “last swing high / low”, but it’s a bit difficult).

Nicolas has written some really elegant code for me that works well, but I find that there are other factors that need to be taken into account when setting a trade based on the screeners. You may have noticed that not every screened pair is necessarily a good trade. The two main problems are:

The direction of the trend. I am trialing Zig Zag as a source of this information, and find it reasonably reliable.

Coding the trailing stop loss cum exit.

Zig Zag may be able to provide a good swing high/low. However I have noticed that it can sometimes change when the trend shifts from a short term reversal back to the longer-term trend.

I think that a multiple of the ATR might be the answer.

Or a choice of the tighter of the two.

With the exit, I have been using the Super Trend as a stop loss. After the ST flips over, it is wonderful for a long trending trade. I have experienced some great trades with this. The longest was for 195 days on an AUDUSD short in September 2014. It made 1388 pips.

Thanks for your interest in this. I have been using the system and some variants for years with good success. However, I would appreciate your suggestions, comments and insights. I am planning to build the above factors into the code and if they test successfully, then I will post it with Nicolas’ permission.

im having problems getting the indicator coding i keep getting :

Syntax error:The following variable is undefined: maThe following variable is undefined: roc1The following variable is undefined: roc.

apologies if i’m being naive but any advice would be greatly appreciated.

The reason for your error messages is probable because the screeners call for the indicator MGC-Coppock. I created this at the time when PRT didn’t offer a Coppock. Thus you now have two options:

set up the MGC-Coppock indicator as described above: To set it up you will need a new indicator I call “MGC-Coppock” as PRT does not offer the Coppock as such. The code is: RETURN WEIGHTEDAVERAGE[MA](ROC[roc1] +ROC[roc2]) AS \"Coppock Indicator\" or.

download the PRT indicator Coppock Curve and change the screeners’ codes accordingly.

Let me know how you get on.

RETURN WEIGHTEDAVERAGE[MA](ROC[roc1] +ROC[roc2]) AS “Coppock Indicator”

This code alone as indicator does not work.

The PRT indicator Coppock Curve as different parameters and does not work with CALL “MGC-Coppock”[14, 11, 10](close)