Scanz Review
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Scanz (previously known as Equityfeed) is a scanning and news feed platform. Scanz is a market scanning platform that provides all the essentials: custom scanning, alerts, a news feed, personal watchlists and charting. It also offers level 2 quotes, trading integration with 10+ brokers, and powerful charting. If you trade daily and require a reliable scanning platform to identify all potential opportunities for maximum profit, Scanz is a good choice. You can trade endlessly with real-time signals.
Scanz has many technical and fundamental filters that you can use to screen on. So what is the key to day-traders? First, you can trade profitably by scanning markets for liquidity and volume changes.
The interface is intuitive and easy to use. Even for new traders, the platform allows you to view Level 2 data and trade directly from the charts in just a few clicks. In addition, you can create customized scans with filters that allow users to keep track of attractive stocks.
Scanz Easy Scanner
Scanz’s Easy Scanner allows you to scan the market for trading opportunities. It uses crucial factors such as volatility, volume, price changes and volatility. It’s much easier to screen the entire market or a specific sector if you only use a few filters. Make sure you use the Easy Scanner’s sorting features to identify stocks leading in any parameter. These stocks could be potential targets for trading.
Scanz provides options for different needs that make it easy for anyone to monitor stocks and markets for potential opportunities.
Although the Easy Scanner is simple, it’s extremely powerful. This stock screener allows you to break down stocks by industry or market and apply basic filters to personalize your screen. The Easy Scanner filters include the essential factors, such as market cap, trading volume, and change.
The Easy Scanner allows you to add unlimited columns to your results. You can sort stocks by volume and price, as well as technical indicators such as RSI and MACD. This is a great starting point for finding potential trading opportunities. You can also dig into technical data before focusing on one stock.
The Easy scanner processes lots of scenarios and automatically delivers hot trade ideas.
Breakouts & Alerts
This feature allows users to set up watch lists to monitor breakouts. Breakouts screen offers instantaneous alerts about note-worthy developments. Breakouts provide fully customizable, real-time signals for trading that will help you capitalize on the momentum. You receive stock highs and lows notifications, breaking out from price or volume ranges, and block trade signals.
Scanz team pledges that breakout alerts happen in real-time and with no latency. In addition, day traders can set up custom notifications for the price, volume or news.
Overall, Trade Ideas offers a more powerful stock scanner.
News Scanner
Scanz has also developed a news feed that keeps traders up-to-date with the latest information. It is a stock screening and news feed that provides real-time filters and alerts for day traders. In a nutshell, it can screen the entire U.S stock market in real-time to allow traders to identify short-term technical trading setups and opportunities.
Scanz’s deal news section is a unique feature. You can find the details on deals and contracts between companies, they work with over 100 news outlets and dedicates many resources to making it one of the best news sources.
It has an intelligent custom alerts feature to scan news by ticker, event type, or keywords (earnings, acquisitions, etc.). Scanz news also streams SEC filings in real-time. Alternatively, Benzinga Pro is also an incredible option if looking for the best news service.
Scanz Level 2 Data
Scanz offers Level 2 Data to traders and provides information about market makers that is unrivaled. You can see all price levels and the order size queuing on the ask and bid. Market makers who raise the offer and then ask for more information usually expect the stock to go up.
This window will show you the time and sales data, which will tell you how many shares have been traded at what prices and at what times. This data can help you get a feel for the sentiment about this stock. If you notice that someone sweeps a few Ask Levels simultaneously, it could indicate that they are trying to increase the share price.
Broker Integrations
Scanz team is currently working on integrating a few popular trading platforms, including Interactive Brokers and TD Ameritrade. In the future, you will be able to use Scanz to send orders directly to your brokerage account. Multi-order types and one-click connections are all planned.
Pricing
After a 7-day trial Scanz scanner will cost $99 per month. The news scanner costs $79. Scanz scanners can scan a combination of AMEX, NYSE and NASDAQ and stream SEC filings and news. The Total plan is $149 per month.
Easy cancellation procedure after 7-day trial if you are not satisfied with what this platform offers.
Pros
- Separate price plans for news and scanner features
- Fast Level-2 data
- Broker integration (TD Ameritrade, Interactive Brokers)
Cons
- No preset filters or scans
- OTC market data costs extra
Scanz Review Summary
Scanz offers excellent screening and substantial overall value. It includes Level II data, volume data and SEC filings alerts. The platform is worth the investment for active day traders who use news events, LII data, or volume spikes as signals. Scanz is a solid and reliable stock market platform for day traders, but we find that you might find better value for money with Trade Ideas.