EasyScan™

TeleChart is able to scan your entire databank for the symbols which meet the criteria you specify in about a second. This allows you to mold EasyScans on the fly to produce the exact list of symbols you are looking for. There are no clunky formulas to enter. You just select values and rankings from a simple range selector and you'll see how many stocks fit into your scan as you build it.  When you get the count you are looking for, hit the save button and the results appear within seconds ready to be sorted, charted, researched and analyzed.

An EasyScan is a type of WatchList, so viewing the results of a scan is as simple as changing your active WatchList to the EasyScan you wish to view. You will notice the EasyScans grouped together when you change your WatchList, you can use the EasyScans that come with TeleChart, edit these by clicking the edit button to the right of the scan name, or create a new scan by clicking New in the upper left portion of the TeleChart screen and choosing New EasyScan.

TeleChart allows you to simultaneously scan for long-term technical conditions, fundamental conditions and intra-day conditions. The example scan below shows how easy it is to mix short-term and long-term conditions. This scan took less than 2 minutes to create using a graphical range selector. Not one keystroke was used to construct this scan.

You are given a count of how many stocks fit your scan as you create your scan.  This allows you to fine tune your scan until you reach a count you are satisfied with.

Designing scans in TeleChart is so easy, you'll be an expert in minutes. Each criterion has its own graphical range selector. The graphic above shows the range selector for Volume Surge Today. The power in this tool is that it gives you information before you set the condition. In the example below, before you decide what limits you are going to set for sales, you can see from the range selector that half of all companies did more than $213 million and half did less. Twenty five percent of all companies did more than $1.07 billion and seventy five percent did less. Ten percent did more than $4.8 billion and ten percent did less than $12.2 million!

Let's do one more example from a little bit of a different angle to make sure you understand the remarkable simplicity and power in these range selectors. We'll use the P/E Ratio because you probably have your own opinion as to what values you consider to be high and low P/E Ratios. Let's say you consider a low P/E ratio to be 15. Do you know what percentage of stocks have a P/E ratio of less than 15? Maybe you did a year ago. But that is different today and may be real different next month. The range selector below shows that currently about 24% of stocks have a P/E ratio of less than 15. The median P/E ratio is approximately 21.2. Ten ercent of stocks have a P/E ratio of higher than 67.2. You may decide a P/E ratio of 15 is little too strict and change your limit to 20, or even higher.

Creating scans with TeleChart is truly an interactive process. You find yourself experimenting with data you never thought you would apply in a scan because the data comes to life. You choose a criterion. The range selector tells you about the criterion. You slice a segment of the market, narrowing your count.  Choose another criterion. Study it. Slice it. Narrow the count. Modify the slice. Narrow. Modify. Narrow. When you got it just right, save your scan and begin charting and researching your results. In minutes you'll find more potential trades than you ever thought possible.