How to Use the Scanner
The scanner is a liquidity + participation filter. It helps you find the names with real money behind them, so you stop wasting reps on dead charts.
Quick Start (60 seconds)
- 1) Pick a Universe (SPY / QQQ / Sector / Industry / EEM).
- 2) Set Min $Vol (liquidity gate) → start at $10M or $25M.
- 3) Set Min RVOL (participation gate) → start at ≥ 1.0 or ≥ 1.5.
- 4) Choose Rank Mode:
- Money Rank = cash flow first (best default).
- Momentum Rank = RVOL first (best for movers).
- 5) Hit Run Scan and take the top 10 to your charts.
How to Read the Results
Based on the day’s % change. It’s not a trade signal… it’s a directional snapshot.
Tells you who’s moving. Movers without volume are usually noise. Movers with real participation are where you lock in.
Shares traded today. Useful, but it can lie across different price levels. That’s why $Vol matters.
Price × Volume. This is the cash flow gate. If $Vol is low, institutions usually aren’t involved → spreads widen and moves fade.
RVOL compares today’s volume to the recent average. Think of it like the crowd size.
RVOL 1.0 = normal participation • RVOL 1.5 = strong participation • RVOL 2.0+ = “eyes on it” level
Recommended Settings
Min $Vol: $25M
Min RVOL: ≥ 1.0
Rank: Money Rank
Limit: 50
Min $Vol: $50M
Min RVOL: ≥ 1.5
Rank: Momentum Rank
RSI: optional (OB/OS only)
Min $Vol: $10M
Min RVOL: ≥ 1.0
Rank: Money Rank
Goal: shortlist, not chase
Example Strategy (Simple + Repeatable)
This is a framework you can run daily. The scanner finds candidates. Your charting confirms entries/exits.
- Run scan with your default settings
- Take top 10–15 names
- Remove anything with ugly spreads / wild illiquidity
- Daily support/resistance zones
- Pre-market high/low (if you day trade)
- Key moving averages you respect (optional)
- Wait for a clean break and hold OR break-and-retest
- Confirm participation: RVOL rising, clean candles, no dead drift
- Enter only when price proves your idea
- Stop goes beyond the level that invalidates your thesis
- First target: next zone / prior pivot
- Scale, trail, or exit when momentum dies
Common Mistakes (Read This Twice)
The scanner is a shortlist. Your edge comes from confirmation and risk control.
If you get few/no names, lower Min $Vol or Min RVOL and widen your universe.
Low RVOL means weak participation. That’s where fake breakouts and fade moves live.
Always check SPY/QQQ trend, major news days, and key levels. Context decides whether you press or defend.
Disclaimer
RAMS Off The Charts provides market data and analytical tools for educational purposes only. Nothing on this site is financial advice, investment advice, or a recommendation to buy or sell any security. Trading involves risk, and you are responsible for your own decisions, risk management, and outcomes. Past performance does not guarantee future results.