[HI_THERE]

I daytrade. Almost exclusively stocks.

What is the best market scanner? Specifically, I want a low-cost scanner that will allow me to CREATE CUSTOM STUDIES for scanning.

I do not need platform for placing orders....merely a scanner.

I need RELIABILITY and low-latency. That is to say, I need to be able to scan the markets--with my custom formulas--and get near-instant results. And I need a platform that works everytime I use it.

I am thinking about eSIGNAL MARKET SCANNER but I am not sure if I can create my own custom formulas. Also, I want to be using a SOLID CODING LANGUAGE. I need input from others.

Finally, let me reiterate that I do not care about using historical studies, MACDs Boll Bands, or other such non-sense. I need to be able to scan based on my own CUSTOM STUDIES....and I need reliability.

Thanx. All comments welcome.

[zapisy]

See RadarScreen by tradestation

[HI_THERE]

Yeh. I'm impressed. I very well may go that route. Only problem, I trade with IB. I could open a TS account but I dont want to be paying $100/month just for the market scanner if I don't need to.

You know of any other alternatives? thanx for the response btw.

[SIUYA]

A few other ideas

I only trialled it but never took it up, as I did not like the feel of it.
RT -investor from memory had something like this where you can build things yourself.
also
Multi charts has a similar radar screen.

Its an issue I have also had over the years, as ideally I would have loved to have built an indicator, or used a standard one and be able to easily (note this word) export all this info directly into excel, as this is such a good system to use to sort, rank, cut and paste etc.

Have not look at this lately so maybe systems have improved.

[uexkuell]

Originally Posted by HI_THERE »

I need RELIABILITY and low-latency. That is to say, I need to be able to scan the markets--with my custom formulas--and get near-instant results. And I need a platform that works everytime I use it.

....

Finally, let me reiterate that I do not care about using historical studies, MACDs Boll Bands, or other such non-sense. I need to be able to scan based on my own CUSTOM STUDIES....and I need reliability.

In order to give you a really adequate answer one would have to know what kind of custom formulas/studies you have in mind.


With the information on hand I suspect that the pret-a-porter solutions (like in TS or other platforms) will probably not be sufficient for what you want.
It may look comfortable at first but then lead quickly to severe limitations.

Therefore it might be best to stick with a true programming language and interface directly to a quote feed API (like IB has).

Check out MultiCharts.

[BlowFish]

If you want 'low latency' particularly scanning hundreds or even thousands of symbols real time you might want to check out Neoticker. Not sure exactly what you mean by 'reliability', kind of implies you want something over and above something 'just working'. Your general tone 'pros respond' 'low latency' etc. seems to suggest you want something a bit beyond standard retail offerings? Anyway Neoticker is certainly worth checking out if you need near instant results from a whole bunch of different symbols, you can also 'cascade' scans and apply basic logic based on different scan results to quickly thin out lists.

[HI_THERE]

I am highly appreciated of all those that responded.

@Uexkuell and BlowFish:

Yes, I have a near-perfect system which combines IB and thinkorswim. I use IB's Trader Workstation and custom study for thinkorswim called TSI WFRT. Combined, my returns are impressive.

I have some custom volume profiles that I want to integrate into a dedicated market scanner but was looking for something separate from the platforms I'm using. I will contemplate your input. Thanx again.