What are Scanners?

A scanner is a tool or a service that filters the portfolio symbols to find stocks that meet a
specific set of criteria.

The criteria can be preset and also configured by the user. Scanners comb a vast amount of data to help you find trading opportunities. It’s important to understand that a scanner is a tool that can be very useful in the right hands to enhance your ability to monetize opportunities.

Hammer Pro platform scanners are a feature embedded within our trading platform.
These are provided for free and can range from simple to sophisticated with prebuilt and customizable scans.

Types of scanners

There are two types of scanners:

Simple mode - a scanner, when it is created, is a "Simple mode" scan by default. That
means that it is a collection of simple rules. Each rule is in the following form:
     if (simple condition)
     set color or shape, trigger alert or set scan result
     [and stop]
     otherwise
     set color or shape, trigger alert or set scan result
     [and stop]
     (where the [and stop] is optional)
The Simple rules editor allows you to set up these rules without having to write any code.

Advanced mode - to enter the Advanced Scanner Editor start with the
Simple Scan/Paintbar Editor, type a basic rule or two, then switch to the Advanced editor
by clicking on the Switch to Advanced button.

Note: once the scanner is saved in the Advanced state, you can't go back to the Simple mode. This is where you enter and modify the C# code that is the body of the paintbar. You must have a function that is defined as public void MainCalculation() in your code.

Examples of the most popular scanners amoung our customers:

Example 1: Scanner SMA 8 day crosses down SMA 21 day

1. Select from the list SMA in “IF” and Crossed Down
2. In this step have to set parameters. Press Edit Params and adjust Parameters for SMA
3. Set how many days ago Crosses down happened. If you want to check exactly 2 days ago have to set 2 candles ago.
4. Check “THEN” and select color
5. Check Scan Result type name for result in watchlist and check STOP

Note: Select Historical time frame before you start the scanner

Example 2: Between Average Volume Value, Spread and Change for the day

This scanner is in advanced mode. The scanner is for the following criteria:

Average Volume between 2000 and 95000, Spread is more than 0.10$ and Change price is more than 0.15$ for the day.

Note: If there are no errors means that the code working.

Example 3: Imbalances scanner

This scanner is in advanced mode. The scanner is for the following criteria:

Imbalance Shares more than or equal 3500 shares and Imbalances Indication Change more than 0.15$ and same criteria but -0.15$ or less.

Example 4: Intraday range

This scanner is in advanced mode. The scanner is for the following criteria:

The range for the last 20 min (high-low) to be less than or equal to 1/4 of the range for the last 50 min (high1-low1)