Price Action Scanner Intraday

Do you want to check on the price action of stock for intraday trading in no time? What are you waiting for? Here is a good tool ie., price action scanner intraday by paisaalgo.com. Just scroll down the page a little more and find the complete knowledge on it in seconds with accurate results for your following trading. 

What is a Price Action Scanner?

If stocks start to move up and shut down over the highs of the last candles with volumes, hence, marking price action has begun to occur. These price action scanners support traders in catching the stocks at the right time during intraday trading. 

What is Price Action?

Price action is a trading analytical method of the fundamental price moves to develop trade entry and exit alerts that are believed trustworthy without needing the benefit of indicators.

What is Price Action Trading?

Price Action Trading strategy is a trading type in that we majorly think of price as the purest state of indicator. In this trading strategy, we mainly look at the price moves and concentrate on essential levels.

Our price action trading scanner provides assistance to choose stocks that are showing breakouts or breakdowns for 5 minutes and 15 mins timeframe.

Every time we meet the price action trading style, we detect the necessary support and resistance levels where the price is liable to accept Support or Resistance. After finding those levels, we bear entry.

Here, there are two major types of entries. They are:

1. Breakout / Breakdown Entry
2. Pullback Entry

How to Find Breakout Stocks Using Price Action Scanner?

With the help of the Intraday stock tool, you can easily determine stocks that are showing breakout and pullback entries. After getting into our site @paisaalgo.com, directly go to the price action scans tool and look at all appear stocks under various price action scans below:

5 mins Breakout: As a result, you will see the stocks that break their last 20 candles high in 5 minutes.
5-minute breakdown: As a result, you will see the stocks that break down their last 20 candles low in 5 mins.
15-minute Breakout: The list of stocks that break out their past 20 candles high in 15 minutes.
15-minute breakdown: You will find those stocks that break down their past 20 candles low in the 15-minute breakdown feature.
Hourly Gainers: Traders who are looking to see the stocks whose price was gained in the last 1 hour can check here.  
Hourly Losers: In hourly losers, traders will find the stocks that have lost price in the last 1 hour.
Short-term Breakouts: If you want to refer to the stocks that took a breakout in the short-term period then this feature does your job.
Short-term Breakdowns: You can easily watch the stocks that took a breakdown in the short-term period.

How to Utilize Price Action Scanner for Intraday Trading?

This price action scanner helps a lot in trading stocks for intraday. The following information will guide you in understanding how to use a price action scanner and choose stocks for swing trading and intraday trading. 

5 Minutes Breakout /Breakdown Stocks

This set of lists presents the stocks that are breaking out in a 5-minute time frame. In this scan, you will find the stocks that are closing above the high of the last 20 candles with a rise in volume. A benefit of automatic refresh feature is available for pro members and manual refresh should be done for free members.

Information on all stocks available in the list can be seen by clicking on the listed symbol name. Also, you have to check the chart in five minutes to confirm the good potential breakout stock. Do refer, if the stock has enough liquidity.

15-minute Breakout /Breakdown Stocks

It lists the symbol names of those stocks that are breaking out in a 15-minute time frame. Prefer the stocks that had high volume in recent days. Stocks that are above 100 DMA and 20EMA within a 15-minute time frame are favored for trading.

Short Term Breakouts

Our tool can be helpful in listing the stocks that are good for trading in short duration on daily charts. Short-term trading is also known as Swing trading which means buying and selling stocks for 2-3 days to 10-15 days. 

Final Words

Once you referred to the whole guide of Price Action Scanner Intraday, please share your experiences and trading knowledge using this tool with us in the below comment section. We will be glad to check your comments and rectify our flaws for better improvement of this site @paisaalgo.com.

Some other trading tools that help with your intraday trading are here. They are Best Intraday Stocks, Support And Resistance,

PERSISTENT Pivot Point Calculator and Intraday Momentum.