Which platform is the best for market scanning?

April 13th, 2019, 07:21 AM

Hi,

I would need a market scanner and don't know whether NT or MC is better. The scan would look like this:

- The universe has 1000 stocks
- The criteria is based on multiple time frames,
- The stock should have a high relative volume based on daily time frame.
- The stock should be trading above the 8-period moving average on an hourly time frame.
- The stock should be trading above the last 5min candle (5 min time frame).

Which software would you recommend for this purpose?

Many thanks in advance!! ;-)

May 20th, 2019, 12:00 AM

This is not a complex requirement. I think both NT and MC are capable of running the scan conditions that you mentioned. But you will need to code the conditions yourself. So you should decide based on which particular platform you are comfortable in designing the above scans.

Regards

Which platform is the best for market scanning?

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Which platform is the best for market scanning?