Free Warrior Trading Momentum Scanner for ThinkorSwim

[GetRichOrDieTrying]

I came across this video on YouTube yesterday and I tested the scanner this morning while day trading.

The creator claims that it produces similar real-time results as Ross Cameron's Warrior Trading Momentum Scanner with the exception that it's totally free!

I tried it this morning and it works great!

There's two additions I would recommend:

• 5% change minimum
• 9 EMA greater than 20 EMA

Without these additions you will get 20 - 50+ results everytime you scan, and most of the results will be useless stocks on a downtrend.

The key to this scanner and any momentum scanner is to find the stocks that are making the biggest moves in an uptrend. These are the stocks that a majority of day traders will be trading. That inevitably creates a herd mentality that pushes prices higher.

My approach:
I sort my results by % change, and I scan every minute on the minute and look to take a trade that meets my criteria by the :50 second mark, at which point I input my order on a 1-minute candle.

I hope this helps you as much as it's helped me. Good luck.

 

[Alex]

@GetRichOrDieTrying Thanks for sharing!

 

[jezzer46]

Very interesting. Will give it a try. Thanks

 

[jtrain252]

How do you Signal the 9 ema to be greater then the 20 ema

 

[poststreet]

which stocks came up today, thanks!

 

[rad14733]

How do you Signal the 9 ema to be greater then the 20 ema

@jtrain252 ExpAverage() is a Function...

Which produces the code:

ExpAverage("data" = CLOSE, "length" = 9) crosses above ExpAverage("data" = CLOSE, "length" = 20)

You could just as easily select "greater than" instead of "crosses above"...

 

[phantomluvs]

How do you Signal the 9 ema to be greater then the 20 ema

try this https://www.hahn-tech.com/ans/9-ema-crossing-above-20-ema-and-candle-closes-above-9ema/

 

[rad14733]

if i could, When he is saying to add 5% change is he referring to changing the price_change to 5% instead of 10

@GetRichOrDieTrying Can answer better than I can as that is his comment... My interpretation would be a 5% move in price, rather than the 10% in the video, to reduce bad picks...

 

[adilq]

for the 9ema > 20ema , are you using it on 5min chart or daily? Also, what time during the trading day do you feel like this scanner is most effective? @GetRichOrDieTrying

 

[cabe1332]

Thank you @GetRichOrDieTrying for the video and sharing. I am not really a Warrior Ross C. fan, where I've heard from a friend that he broadcast his day trading via Youtube and if you're not one of his premium members you get a delayed (3-5 mins) broadcast meaning he can exit earlier from the trade and if you're following him on same trade you might be left bagging or flushed. Lately, I have been intrigued with momentum trading.

Thank you again for sharing the scanner, I will give it a try tomorrow and add it to my collections of watchlist scanners.

@cabe1332

 

[JP782]

FYI this is Ross' criteria for momentum trades-

1 Demand: High relative volume (above avg vol today)
2 Demand: already up 5%(or down) vs yesterdays close
3 Demand: news event moving the stock higher
4 Demand: price range $1-$10
5 Supply: Less than 10M shares avail


How would one set up a scan for #1??

 

[caseyjbrett]

FYI this is Ross' criteria for momentum trades-

1 Demand: High relative volume (above avg vol today)
2 Demand: already up 5%(or down) vs yesterdays close
3 Demand: news event moving the stock higher
4 Demand: price range $1-$10
5 Supply: Less than 10M shares avail


How would one set up a scan for #1??

Add filter for “Study” select “unusual volume” from drop down list then type in whatever % you want. Let’s go with 10%. Volume has increased 10% from avg over 50 periods. Depending on what timeframe you set the scan for dictates what those 50 periods are.

If you mess around with the scan criteria, you’ll be able to find most of these answers yourself. That’s what I’ve done. Same goes for writing scripts. Scripts take much more time, trial and error, and research, but 4 weeks ago, I couldn’t write any scripts at all. This morning, I wrote a MTF Squeeze Histogram Colored Labels script. It’s a learning curve, but mess around with the application and you’ll be surprised what you pickup/learn!

 

[DatsEm]

FYI this is Ross' criteria for momentum trades-

1 Demand: High relative volume (above avg vol today)
2 Demand: already up 5%(or down) vs yesterdays close
3 Demand: news event moving the stock higher
4 Demand: price range $1-$10
5 Supply: Less than 10M shares avail


How would one set up a scan for #1??

http://tos.mx/Io3jI3x

This should work for you, if you're still in need. The criteria are as follows:

1. High relative volume (volume above average volume today).
2. Demand up 5% or more compared to yesterday's close.
3. Price is in the range between $1 and $20.
4. Supply (volume) is less than 20 million shares available.
5. Gapping up 5% or more.
6. Volume is at least 200,000.

 

[Will2Rich]

http://tos.mx/Io3jI3x

This should work for you, if you're still in need. The criteria are as follows:

1. High relative volume (volume above average volume today).
2. Demand up 5% or more compared to yesterday's close.
3. Price is in the range between $1 and $20.
4. Supply (volume) is less than 20 million shares available.
5. Gapping up 5% or more.
6. Volume is at least 200,000.

This looks awesome for the underlying, but is there a way to change the script to scan for options? I am looking for an unusual volume / momentum option scanner for large caps. As you can see by this being my first post, I am new here. I will keep looking around for now, thank you any help.

 

[merryDay]

This looks awesome for the underlying, but is there a way to change the script to scan for options? I am looking for an unusual volume / momentum option scanner for large caps. As you can see by this being my first post, I am new here. I will keep looking around for now, thank you any help.

The ToS platform does not provide a custom script Scanner for Options
read more:
https://usethinkscript.com/threads/options-scan-hacker-in-thinkorswim.5114/page-4#post-82892

 

[JeepLikeArock]

I came across this video on YouTube yesterday and I tested the scanner this morning while day trading.

The creator claims that it produces similar real-time results as Ross Cameron's Warrior Trading Momentum Scanner with the exception that it's totally free!

I tried it this morning and it works great!

There's two additions I would recommend:

• 5% change minimum
• 9 EMA greater than 20 EMA

Without these additions you will get 20 - 50+ results everytime you scan, and most of the results will be useless stocks on a downtrend.

The key to this scanner and any momentum scanner is to find the stocks that are making the biggest moves in an uptrend. These are the stocks that a majority of day traders will be trading. That inevitably creates a herd mentality that pushes prices higher.

My approach:
I sort my results by % change, and I scan every minute on the minute and look to take a trade that meets my criteria by the :50 second mark, at which point I input my order on a 1-minute candle.

I hope this helps you as much as it's helped me. Good luck.

Hey Ross is man bro!!! Btw, where is your other video your talking about? And also would you happen to have any updated ones?

 

[ofersb]

Hi
This is my setup for WT

Go to scan select study and choose custom
Add the below script and save

7AM to 12PM - this the time he say the most successful trades.

# === RVOL + % Move + Price Scan ===
input lookbackDays = 20;
input minRelVol = 1.5; # >1 = above avg, 1.5+ = stronger RVOL
input minMovePct = 5.0; # absolute move vs yesterday, 5% or more
input minPrice = 1.0;
input maxPrice = 30.0;

# Use DAILY data for clean comparisons
def v = volume(period = AggregationPeriod.DAY);
def c = close(period = AggregationPeriod.DAY);
def cPrev = c[1];

# Average daily volume over lookback window (exclude today)
def avgVol = Average(v[1], lookbackDays);
def relVol = if avgVol > 0 then v / avgVol else 0;

# Percent change vs yesterday’s close
def pctChange = if cPrev != 0 then 100 * (c - cPrev) / cPrev else 0;

# Price condition
def priceOK = c >= minPrice and c <= maxPrice;

# Demand 1: high relative volume
def demandRelVol = relVol >= minRelVol;

# Demand 2: already up or down at least 5% vs yesterday
def demandMove = AbsValue(pctChange) >= minMovePct;
# If you only want UP moves, replace line above with:
# def demandMove = pctChange >= minMovePct;

# Final combined condition
plot scan = priceOK and demandRelVol and demandMove;

Click Add filter again → choose Stock.

• First dropdown: select Shares.
• Set condition to min 200,000 and value to 10,000,000.

1. For the gap you can filter the % as well. but I prefer to see it all and choose
2. For the news event you need to explore the news gadget in order to verify the movement.
3. create watch list from the scan
4. Dont forget the MACD

this for today : @GIST 9:59-10:15

Enjoy

 

[Adeodatus]

Limit your scan results and the Warrior Trading Momentum Scanner turns awesome. This script is a modified version of the last code. It works by filtering out the curd, leaving the cream at the top.

(Added levels to sort Up-only momentum and handle float sensitivity squeeze bias).

# AdeodatusTravelLink Series #
# === TIER-1 UP-ONLY MOMENTUM ENGINE (SCANNER SAFE) === #
# Float Handled Downstream (Tier #2) #

input lookbackDays = 20;
input minRelVol = 1.5;
input minMovePct = 5.0;
input minPrice = 1.0;
input maxPrice = 30.0;

# --- DAILY DATA ---
def v = volume(period = AggregationPeriod.DAY);
def c = close(period = AggregationPeriod.DAY);
def o = open(period = AggregationPeriod.DAY);
def cPrev = c[1];

# --- RELATIVE VOLUME ---
def avgVol = Average(v[1], lookbackDays);
def relVol = if avgVol > 0 then v / avgVol else 0;

# --- % MOVE (UP ONLY) ---
def pctChange =
    if cPrev != 0
    then 100 * (c - cPrev) / cPrev
    else 0;

# --- PRICE FILTER ---
def priceOK = c >= minPrice and c <= maxPrice;

# --- STRUCTURAL MOMENTUM ---
def upDay = c > o;

# Close in upper 30% of body (no fade)
def strongClose =
    c > o and
    c >= o + (c - o) * 0.7;

# --- DEMAND ---
def demandRelVol = relVol >= minRelVol;
def demandMove = pctChange >= minMovePct;

# --- FINAL TIER-1 SIGNAL ---
plot scan =
    priceOK and
    upDay and
    strongClose and
    demandRelVol and
    demandMove;