What is The LAZY Boy’s Stock Screener?
The LAZY Boy’s Stock Screener makes Intraday Stock filtering easier. Helps you identify the intraday trending Stocks Quicker.
Useful for day traders working from an office with an access to a computer and no much time for filtering stocks.
The LAZY Boy’s Screener is an advanced but simplified version of the popular GadBad Stock Screener.
The LAZY Boy’s Scanner is based on Heikin Ashi Candles and works only during market hours.
Use the LAZY Boy’s Screener after 10:15 am giving an hour for the markets to settle down.
Here is a testimonial email from a lazy boy user.
What is the logic behind The LAZY Boy’s Stock Screener?
To help you quickly filter stocks by Daily Trend > Intraday Trend > Confirmation and Priority without having to go through too many filtering processes.
The LAZY Boy’s screener is a visual stock screening tool based on the Heiken Ashi candle coloring logic.
LIGHT GREEN blocks = a green 15min Heiken Ashi candle.
DARK GREEN blocks = a green 15min Heiken Ashi candle above Yesterday High.
DARK GREEN blocks with up arrows = a green 15min Heiken Ashi candle above Yesterday HIGH with new Intraday HIGH .
LIGHT RED blocks = a red 15min Heiken Ashi candle.
DARK RED blocks = a red 15min Heiken Ashi candle below Yesterday LOW
DARK RED blocks with down arrows = a red 15min Heiken Ashi candle below Yesterday LOW with new Intraday LOW.
ORANGE COLUMNS = A neutral candle or future blocks waiting for the fill.
Screening Filters on The LAZY Boy’s Stock Screener?
The MTREND Filter = MTREND filters stocks by their daily trend (Master Trend Direction), based on yesterdays Daily candle.
The DARK GREEN blocks = filters stocks based on the intraday strength (price above Yesterday High implying intraday strength), 15 min Green Heiken Ashi candles above Yesterday High.
The DARK RED blocks = filters stocks based on the intraday strength (price below Yesterday Low implying intraday weakness), 15 min Red Heiken Ashi candles below Yesterday Low.
The BUILT UP Filter = filters stocks by today’s Open Interest Built UP. Long Built, Short Built, Long Unwinding and Short Covering.
The VOl percentage Filter = filters stocks by today’s Volume Strength.
Stock Screening Steps on The LAZY Boy’s Screener?
Give sufficient 3 to 4, 15mins candle to form before you make an informed decision using this Screener for Intraday trading.
Eg; The 9.30 colour block on the Lazy boy’s Screener represents the 9:30 to 9:45 am, 15min Heiken Ashi candle colour.
The 10.45 colour block on the Lazy boy’s Screener represents the 10:45 to 11:00 am, 15 min Heiken Ashi candle colour.
STEP 1 = Filter stocks on the MTREND Column by UP or DOWN Trend.
STEP 2 = Filter the latest colour block with the highest strength available in the direction you are aiming for.
For long trades = DARK GREEN blocks with arrows or DARK GREEN Blocks.
For Short trades = DARK RED blocks with arrows or DARK RED Blocks.
STEP 3 = Filter the Builtup column for CONFIRMATION.
For long Trades = Use L BUILT (long built up), S Cover (short cover).
For short Trades = Use S BUILT (short built up), L Unwind (long unwinding).
STEP 4 = Sort the VOL percentage column in descending order for PRIORITY.
STEP 5 = Now refer these screened stocks on a 15 min chart to assess the RISK to Reward Ratio.