Startup Idea: Stock Market Scanner for Channel Breakouts
Summary for idea #3340
Startup idea to develop a stock market scanning tool that enables users, specifically in TDAmeritrade's ThinkOrSwim platform, to filter stocks that have broken out of a narrow trading range or 'channel'. This feature seeks to enhance trading decision-making processes.
Original submission by someone willing to pay to get a problem solved (not AI)
I once had a stock trading account with TDAmeritrade. They have a trading platform ('ThinkOrSwim') which allows a user to scan the entire stock market based on certain criteria. However, when I asked them if it would be possible to scan for stocks that have just broken out of a narrow trading range ('channel') I was told this wasn't possible. I know this wouldn't be that difficult to program and it would be very helpful in making trading decisions.
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