Falcon7 Tutorial

Signal Scan

Scanning signals is helpful to observe mar= ket rise and fall. This option enables scanning scrips based on certain conditions and corresponding output can be obtained which = satisfies the conditions. Signal Scan with studies shows necessary changes in the buys and sells occurring in the market which is reflected in the charts. It filt= ers scrips depending upon user’s queries and condit= ions.

Time Required: 15 min

Tick Watch

3D"sig

Go to Watches menu-> Tick Watch as s= hown in figure 1.

Figure 1 = &nb= sp;

The following window ope= ns:

3D"sig

Figure 2

The following tabs are included in the signal scan window.

Main

= All preliminary settings such as Scan name, Concept and Utility, Author are made here. These details will help you in easy reference of the scanned result in future.

= Define<= o:p>

&nbs= p; Query parameters are defined here

·= ; = Select any period type from the drop down list.

If the selected period is Intraday, specify the number = of seconds in its respective field

·= ; = Load From enables loading data from a particular date for study computation etc.=

·= ; = Load Intraday for Last enables entering time in m= inutes which should be considered for study computation if running scan on intra period.

·= ; = Set Group enables selecting a group on which you want to run the scan. <= /b>

·= ;      =    Pclose allows setting basic filter on scrip’s previous close rate.

·= ;      =    Last Traded on/after enables specifying the dat= e on or after which the trading was happening in the scrip.

·= ;      =    Last Day’s Turnover (Cr) enables specifying the market turnover in crores on the last day.=

·= ;      =    After adding the necessary conditions, click on Studies and S= ignals.

·= ;      =    This will open up a window called Study Manager wherein clicking on Load Studies enabl= es loading any study file (which was saved from any other form) and clicking o= n Apply.

·= ;      =    A new study can be added by clicking on Add which opens up= Add Study window.

·= ;      =    Double click on desired st= udy and set the required parameters. <= o:p>

= Setting= s

= Settings prior to start of scan are done here as follows:

·= ;      =    Auto Scan: Allows automatic scan settings to be m= ade here

&= sect; On Bar Completion: Scans records after completion of a bar completion i.e. if running scan o= n 15 sec time frame, it will do scan after every 15 sec only.

&= sect; On Timer: = Scans records as per time specified in Timer Sec field

·= ;      =    Scan Last: Enter the number of records to be scan= ned

·= ;      =    Conditions:

&= sect; Satisfy One – One of the specifi= ed conditions in Study manager -> signals tab should be satisfied.

&= sect; Satisfy All – All the conditions in Study manager -> signals tab should be satisfied.
&= sect; Ignore – None of the applied conditions need to be satisfied.

·= ;      =    Send Results to Signal Tracker = helps setting display of Auto S= can results in signal tracker window.

Results

Signal scan results related settings are made here

·= ;      =    Show Local enables the check boxes adjacent to it such as price, volume etc which will be available in the scanned chart.

·= ;      =    Append Records enables adding current results to previously scanned results. Show Local will be disabled on checking this.

·= ;      =    Auto Save as Group enables saving results in a new group and keeps updating the group on every auto scan. Click on Save as Group.

·= ;      =    Export button allows you to export the data obtained into your local machine on checking price and volume in case of non-intraday scan.

Logs: Displays scan log here

= Practic= e

Try practicing the following activities for your understanding:

1.      Perform group-scan by selecting CNX 100 on intraday basis for required number of seconds

2.      Perform signal scan on any scrip of your choice on Daily time frame and load the record of a specific date using Load From.

3.      Save the scanned output in a new group using Auto Save as Group, retrieve it and use it in the next scan.

4.      Save the scanned result and load it in the next scan which you will perform and = view the result.

     Prescribed Time:

        =        10 min

References

1.      Falcon7 help files in the software

http://www.reliable.co.in