Free Warrior Trading Momentum Scanner for ThinkorSwim

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.
 

rad14733

Well-known member
VIP
How do you Signal the 9 ema to be greater then the 20 ema

@jtrain252 ExpAverage() is a Function...

GuCA7jd.png


Which produces the code:

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

You could just as easily select "greater than" instead of "crosses above"...
 
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cabe1332

Active member
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
 

cabe1332

Active member
Reporting back. I have found my momo watchlist (screenshots watchlist and scanner below) provides me with better results. It scans momentum equities, similar to the Warrior, but with custom columns of current and cumulative day's momentum along with stage, trend, and ema stacked indicator. I can sort by current momo to see what stocks are breaking out/down, moving-up/price action or downtrend/selling-off, quick condition of the equity, and helps with choosing the stocks to trade base on momentum. Good for scalping and short-term trading. Hope that helps. Thanks, sharing. Good Luck! @cabe1332

80vCMQV.png


M75Daqn.png


zpJWocB.png
 
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Gymini

New member
Reporting back. I have found my momo watchlist (screenshots watchlist and scanner below) provides me with better results. It scans momentum equities, similar to the Warrior, but with custom columns of current and cumulative day's momentum along with stage, trend, and ema stacked indicator. I can sort by current momo to see what stocks are breaking out/down, moving-up/price action or downtrend/selling-off, quick condition of the equity, and helps with choosing the stocks to trade base on momentum. Good for scalping and short-term trading. Hope that helps. Thanks, sharing. Good Luck! @cabe1332

80vCMQV.png


M75Daqn.png


zpJWocB.png
...mind sharing your scanner and watchlist? or could we just copy the pic and it will work?
 

BannonMan85

New member
VIP
Reporting back. I have found my momo watchlist (screenshots watchlist and scanner below) provides me with better results. It scans momentum equities, similar to the Warrior, but with custom columns of current and cumulative day's momentum along with stage, trend, and ema stacked indicator. I can sort by current momo to see what stocks are breaking out/down, moving-up/price action or downtrend/selling-off, quick condition of the equity, and helps with choosing the stocks to trade base on momentum. Good for scalping and short-term trading. Hope that helps. Thanks, sharing. Good Luck! @cabe1332

80vCMQV.png


M75Daqn.png


zpJWocB.png
I would definitely be interested in the columns you are using
 

cabe1332

Active member
To which column. I have multiples on my watchlist that all custom. For the last MOMO's column (last two) I use min and day respectively. I attached a screenshot from yesterday after the Fed report. The eighth (min) column is the current momo and the ninth column is the day. I have the green background to lit up if it's on min momentum with calculated/script value as white. When orange background lit if the momentum/breakout is about to fire. This setup is much more effective to choose on the moving stock to scalp or buy for a short/swing stock. It helps a lot with my strategy and makes trading fun (profiting) playing a winning stock or see a huge opportunity upside. I played CHPT, FCEL, and PLUG, which all red momo, but saw the opportunity yesterday. I did great on my ratio. I've also attached a recent screenshot for today's moving stock scan, which I have like $1-50 with 2Mil+ volume. I've also attached my daily chart that shows the current candle with a bubble with the price (like Time/Sales) and MoMo indicator.

The scripts and codes are ALL available on this site. This community is awesome. You need to put in some time to search and learn to code, apply and test, enjoy and have fun once you have a comfortable and profitable strategy. I started trading last August 2020, ran into this site via google, committed to learn and make/create my workspace. I take pride in what I have put together, but this is the workspace that works for me. I written more what the answer you need. Have a good day and Good luck! @cabe1332

wutLzNW.png


mctNS23.png


S12RDtU.png
 

mansor

Active member
Can @BenTen @MerryDay advise us where/how we can find volm, pmv, ahv, mo1, mo-D columns/watchlists on this site. I have searched "custom columns" & 10 pages popped up, each page has 20 titles/posts that 200 titles/posts but I have not been able to find these watchlists as cabe suggests that it's on this site. I am not questioning him at all, but I have not been able to find these columns/watchlist codes. Are these for paid members only? thanks in advance
 

cabe1332

Active member
Can @BenTen @MerryDay advise us where/how we can find volm, pmv, ahv, mo1, mo-D columns/watchlists on this site. I have searched "custom columns" & 10 pages popped up, each page has 20 titles/posts that 200 titles/posts but I have not been able to find these watchlists as cabe suggests that it's on this site. I am not questioning him at all, but I have not been able to find these columns/watchlist codes. Are these for paid members only? thanks in advance
Hi @mansor, those are columns on my watchlist as mentioned in my post. They are customed scripts. You may not find it specifically but maybe in some threads. Do you know how to code? Learn and attempt to build one. And if it's not working, then post it here and we will try to help. I was you last Novembe'20, spent hours and days to develop what works for me. The golden nuggets I've discovered here are gratifying. I am confident that you will put together something great. Good luck! cabe1332
 
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mansor

Active member
Hi @mansor, those are columns on my watchlist as mentioned in my post. They are customed scripts. You may not find it specifically but maybe in some threads. Do you know how to code? Learn and attempt to build one. And if you're isn't really working, then post it here and we will try to help. I was you last Novembe'20, spent hours and days to develop what works for me. The golden nuggets I've discovered here are gratifying. I am confident that you will put together something great. Good luck! cabe1332
Thanks for your feedback, I'll keep searching.
 

quijanoj44

Member
VIP
...mind sharing your scanner and watchlist? or could we just copy the pic and it will work?
I guess the momentum script for the scanner can be found here: https://usethinkscript.com/threads/thinkorswim-showing-n-a-on-a-bubble-or-label.5832/post-55921

Code:
#MOMENTUM
input lengthmo = 5;
def c = close;
def Momentum = c - c[lengthmo];
def NegMomentum = c - c[lengthmo];;
plot mopos = if Momentum >= 0 then 3 else 2;


I added everything from this thread, resulting:
FRKcmkb.png


will need to continue tweaking it.
 
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