Scanning for Setups

Setups could be considered your personal strategy when it comes to trading and investing.

Most traders don't just rely on a single indicator or pattern to drive their trading strategy. Instead they create many conditions and will ensure each condition is met before they enter a trade.

Prosperse lets you build these complex setups so you can automate those checks to ensure every alert is perfectly tailored to your liking!

To demonstrate this, let's build a simple scanner that will alert us when a stock is trading above the 200 day moving average. We'll also add a condition that the stock must be trading above $10. We will also only scan for tech stocks, as well as we will check if the last candle is a Bullish Engulfing candle.

Building the Scanner

Here is the summary that we will be building inside of Prosperse:

Prosperse scanner summary

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