Factory Scans are pre-written scans included with ChartAlert that help you understand how to create a custom scan for your needs.
The following list highlights the shared features and the distinguishing characteristics of the Basic Scanner and the Advanced Scanner.
|Basic Scanner/ Screener||Advanced Scanner/ Screener|
|1. The interface is menu-driven, allowing end-users to modify scan parameters without altering the underlying scan itself.||1. Users can write or modify scans using a script-based interface.|
|2. ChartAlert includes pre-loaded Factory Scans, which also serve as examples for creating scans.|
|3. End-users can make copies of the Factory Scans and modify parameters for reuse.|
|4. New scans cannot be created.||4. The scripting language enables the creation of new scans.|
|5. Complex scan algorithms cannot be created.||5. Complex scan algorithms can be written using the scripting language.|
|6. Scans cannot be run across segments, meaning Candlestick, Technical Indicator, or other scan algorithms cannot be combined and executed.||6. Scans can be run across segments by combining and executing Candlestick, Technical Indicator, and other scan algorithms.|
|7. It is not possible to create Relative Strength Scans or RS Matrix Scans.||7. The scripting language allows the creation of Relative Strength Scans and RS Matrix Scans.|
Go to the Basic Scanner slideshow and demo videos
– Basic Scanner slideshow –
– Advanced Scanner slideshow –
– Relative Strength Matrix slideshow –
Learn more about the Basic Scanner in ChartAlert