FCPP
Filter
Change Previous Day Filter (FCPP)
Find yesterday's biggest gainers and losers in real time with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Change Previous Day (%) filter compares the previous trading day's close to the close the day before that, in percent.
Stocks making a run, up and down.
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Seeing yesterday's mover follow through today as it happens helps active traders. The Change Previous Day (%) filter value changes once a day, so Streaming Alerts apply it the moment each alert fires: you see only the stocks that pass it, while they are moving.
How Trade Ideas finds it: set the min value to 5 to see stocks which were up at least 5% from the previous days close. See Trade Ideas plans and pricing to run it live.
How the Change Previous Day filter works
Trader tip
The "change previous day (%)" filter refers to the difference between the close from the previous trading day to the close from the day before that, measured in percentage. In short, these let you pick stocks which were up or down by a certain amount yesterday. This filter is important for traders who want to analyze price movements over a short-term horizon. It provides insights into how much the price has changed over the span of two trading days, helping traders identify trends or reversals in the stock's price movement.
Change Previous Day filter settings
The settings of each Trade Ideas filter are defined in the Window Specific Filters Tab located in the Configuration Window of your Alert or Top List (Screener) window.
Here is how to setup the filter in your configuration window:
- Set the min value to 5 to see stocks which were up at least 5% from the previous days close.
Using the Change Previous Day Percent Filter
Several trading strategies can be employed with the Change Previous Day Percent filter. Here are a few examples:
- Trend Continuation Trading: In this strategy, traders aim to capitalize on the continuation of an existing trend over a short-term horizon. If there is a significant positive change from the previous day's close to the day before that, traders may interpret it as a continuation of an upward trend. They might consider entering long positions, expecting the trend to persist. Conversely, if there is a significant negative change, traders may consider short positions, anticipating a continuation of a downward trend.
- Reversal Trading: Reversal traders aim to identify potential reversal points in the price movement. A significant change from the previous day's close to the day before that may indicate a potential reversal in the price trend. For example, if there was a strong upward trend, but the current day's price is significantly lower than the previous day's close, traders may interpret it as a signal for a potential trend reversal. They might then look for additional confirmation signals before entering a trade in the opposite direction.
- Volatility Trading: Volatility traders aim to profit from fluctuations in the price of a stock. Traders may use the change from the previous day's close to the day before that as a gauge of short-term volatility. A significant change indicates heightened volatility, which can present trading opportunities. Traders may enter positions to capitalize on short-term price movements, such as scalping or day trading, taking advantage of the increased volatility.
Filters to combine with Change Previous Day
Categories
FAQ
What were yesterday's biggest stock movers?
Add the Change Previous Day filter (FCPP) to a Trade Ideas Streaming Alerts or Top List (Screener) window. Set the min value to 5 to see stocks which were up at least 5% from the previous days close.
What is the Change Previous Day (%) filter?
The Change Previous Day (%) filter compares the previous trading day's close to the close the day before that, in percent.
How do I find stocks that moved big yesterday?
Use the Change Previous Day filter (FCPP) in Trade Ideas Streaming Alerts and Top Lists to find yesterday's biggest gainers and losers. The Change Previous Day (%) filter compares the previous trading day's close to the close the day before that, in percent.