Designed For Active Traders

Our DayTrader application was designed for momentum investors that like to keep track of the market on a daily and even intra-day basis our DayTrader offers a clean and simple interface that allows you to track the real time movement of up to 100 stocks (with up to 25 stocks simultaneously on the same screen.) What differentiates MarketGrader.com’s DayTrader from most other intra-day portfolio trackers or screening tools are the signals our system generates, in real time, for every stock on the screen. These signals were designed to alert you of the direction of each stock based on its price momentum and are completely unrelated to our StockGrader fundamental grades and ratings.

How Does it Work?

MarketGrader.com keeps track of all of a stock’s trades in the last five trading days up to—and including—the current trading day if the market is open. Based on close interval readings of this data DayTrader calculates three rolling moving averages (1, 3 and 5 days) of the price of the stock and continuously compares them against the stock’s last trade. The relationship between the last trade and the moving average lines is used to generate a 'buy,' 'neutral,' or 'negative' signal, indicative of the ongoing price trend. A positive, or 'buy' trend is one in which the stock is trading above these three short term moving averages while a negative or 'sell' trend indicates stock is trading below the moving averages. In addition to the stock’s price, DayTrader also tracks its intra-day trading volume. The stock’s daily traded volume relative to its three-month average is used in combination with the price trend to determine if a stock is trending together with highly unusual volume, triggering a 'strong buy' or 'strong sell' signal. A chart on the right side of the screen allows you to see the interaction between the stock’s price and its three moving averages as well as its trading volume throughout the day. In addition to generating these intra-day signals, DayTrader also allows you to set price and volume alerts on all the stocks in your tracking lists. This feature allows you to set High, Low and Volume targets, which, if reached, will trigger an on-screen highlight of the row on the table if one or more alerts are met.

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