Day trade signal for nasdaq100

Screening Filters

1. relative_vol ≥ 1.2

• Purpose: Find names with above-normal trading activity.
• Rationale: For a day trade signal, you want stocks showing unusual volume because that often indicates increased interest, stronger intraday momentum, and better liquidity. A relative volume threshold above 1.2 helps surface stocks that are actively being traded right now rather than quiet, low-conviction names.

2. moving_average_relationship: PriceAboveMA5, PriceAboveMA20, PriceCrossAboveMA5

• Purpose: Identify short-term bullish price action and momentum.
• Rationale:
  • PriceAboveMA5 shows the stock is trading above its very short-term trend.
  • PriceAboveMA20 shows it is also above the near-term trend, which helps confirm broader intraday/short-term strength.
  • PriceCrossAboveMA5 flags a fresh bullish trigger, often useful for day traders looking for an entry as momentum turns upward.
    Together, these filters help isolate stocks with improving short-term direction, which is exactly what a day trading signal aims to capture.

3. support_resistance_relationship: PriceAroundResistance, PriceBreakResistance

• Purpose: Focus on stocks at key breakout levels.
• Rationale: Day trades often work best when price is pressing into resistance or breaking through it, because that can lead to fast moves if buyers continue to step in.
  • PriceAroundResistance identifies stocks that are close to a potentially important decision point.
  • PriceBreakResistance identifies stocks that are already breaking out, which can indicate acceleration and continuation potential.
    These are classic intraday setups for momentum traders.

4. is_index_component: NDX

• Purpose: Restrict the scan to Nasdaq 100 constituents.
• Rationale: Since the user asked for a “day trade signal for the Nasdaq 100 index,” this filter ensures the results come from the actual Nasdaq 100 universe. That keeps the screen aligned with the user’s request and focuses on highly liquid, widely traded large-cap names that are more suitable for day trading.

Why Results Match:

• The screen looks for liquid Nasdaq 100 stocks with unusual trading activity, which is important for intraday execution.
• It favors stocks with short-term bullish momentum and fresh upside triggers, making them more relevant for day trade opportunities.
• It specifically targets names near or breaking resistance, which are common setups for fast intraday moves.
• By limiting the universe to NDX components, the scan stays focused on the index the user asked about.