I have an idea in mind to develop a stock scanner which would scan stocks after 3.30 pm (the local time when the India stock market closes) for the next day to trade. However i do not have access to any software which does that.
Which software could help me develop this idea into a EOD stock scanner ? I have heard nothing but good things about Amibroker and Metastock and i am contemplating a purchase. Which one will be helpful to me given the above context ? currently i am using a free software which is provided by the broker.
Let me explain with a hypothetical example the scanner i am talking about. For the sake of simplicity lets assume the strategy is when simple (MA) 1 crosses simple (MA) 2 on DAILY CHARTS and a signal is generated either long/short depending on the crossover. Now can i generate a scanner which will pull up all the stocks where a crossover has taken place ? Both long and short stocks can be displayed ? This has to be done on an EOD basis and not in between market hours. Is this possible to do ? I am a complete unaware about trading software limitations and uses.
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