STIX Stock Screener

The Short-Term Index (STIX) is a valuable tool for traders, offering insights into market breadth, confirming trend strength, and identifying potential reversals . . . By analyzing the ratio of advancing stocks to total stocks, STIX assists traders in making informed decisions, optimizing their entry and exit timings

4 minutes

This post focuses on customizable STIX factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

1. Display STIX Values

Tags: stix stock screener, stix market screener

List symbols
Add Column STIX chart
Apply to Nifty

This scan computes and displays the STIX (Stock Trading Index) for every Nifty symbol. As this index serves as a market indicator, its value remains consistent across all symbols traded on the same day.

2. STIX in Overbought Zone

Tags: stix overbought and declining screener, stix overbought and decreasing screener, stix overbought screener, stix overbought stock screener

List symbols where STIX has been above 58 for the last 3 bars
Add Column STIX chart
Add Column STIX 1 bar ago as STIX_1
Add Column STIX 2 bars ago as STIX_2
Apply to Nifty

This scan examines whether STIX has stayed higher than 58 over the past 3 time periods. It’s important to recognize that, because this is a market indicator, all symbols might be shown or none at all, based on the current market conditions.

OPTION 1

If you wish to, you can integrate this scan with other scans related to stocks, in the following manner:

List symbols where STIX > 58
And RSI(14) > 70

Add Column STIX chart
Add Column RSI(14) as RSI14 chart

Set Date to "8-Jun-2009"

Apply to Nifty

3. STIX in Oversold Zone

Tags: stix oversold screener, stix oversold and improving screener, stix oversold and increasing screener, stix oversold stock screener

List symbols where STIX has been below 42 for the last 3 bars
Add Column STIX chart
Add Column STIX 1 bar ago as STIX_1
Add Column STIX 2 bars ago as STIX_2
Apply to Nifty

This scan examines whether STIX has stayed lower than 42 for the previous 3 time periods. It’s important to note that because this is a market indicator, all symbols might be shown or none at all, depending on the current market situation.

OPTION 1

Integrate this scan with other scans related to stocks in the following manner:

List symbols where STIX < 42
And RSI(14) < 30

Add Column STIX chart
Add Column RSI(14) as RSI14 chart

Set Date to 23-Dec-2011

Apply to Nifty

4. Overbought with a Declining STIX

Tags: stix overbought and declining screener, stix overbought and decreasing screener, stix overbought screener, stix overbought stock screener

List symbols where STIX has crossed below 58 after remaining above for 3 bars
Add Column STIX chart
Apply to Nifty

This scan searches for instances where the STIX has recently crossed below a certain point (58), after having remained above it for 3 consecutive data points.

It’s important to understand that because this scan relates to the market, the results will either show all relevant symbols or none at all. The outcome depends on the prevailing market conditions.

OPTION 1

To enhance the effectiveness of this scan, it’s recommended to combine it with other analyses centered around stocks, as outlined below:

List symbols where STIX has crossed below 58 after remaining above for 3 bars
And RSI(14) has crossed below 70

Add Column STIX chart
Add Column RSI(14) as RSI14 chart

Set Date to 10-Jun-2009

Apply to Nifty

5. Oversold with an Improving STIX

Tags: stix oversold screener, stix oversold and improving screener, stix oversold and increasing screener, stix oversold stock screener

List symbols where STIX has crossed above 42 after remaining below for 3 bars
Add Column STIX chart
Apply to Nifty

This scan focuses on instances where the STIX has recently crossed above 42 after having stayed below it for 3 consecutive data points.

It’s important to understand that, as this scan relates to the market’s performance, the results presented might either include all relevant symbols or none at all. This outcome depends on the current market conditions.

OPTION 1

To enhance this scan, you can incorporate it with other scans centered around stocks in the following manner:

List symbols where STIX has crossed above 42 after remaining below for 3 bars
And RSI(14) has crossed above 30

Add Column STIX chart
Add Column RSI(14) as RSI14 chart

Set Date to 26-Dec-11

Apply to NSE

For comprehensive insights into the STIX, including its calculation methodology, effective utilization in trading, as well as an exploration of its advantages and limitations as an indicator, click here.

%d bloggers like this: