TCScan+ is a breakthrough add-on to Worden Brother's TeleChart® Stock Charting Program.   Its powerful scanning features will help you find great trading prospects quickly and easily.  To learn more, see the feature summary below, watch the demo videos and download TCScan+ for a FREE 21 day trial.

TCScan+ Features          

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Trendlines and Channels  TCScan+ automatically finds trendlines and channels in your charts and will alert you when price is near a line or has broken it.  You can also find technical analysis patterns such as triangles, pennants and 'Rolling Stocks'. (Here are some Trendline & Channel example scans)

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Patterns TCScan+ finds high-probability Japanese Candlestick patterns as well as other patterns like breakout and contrarian ones.  It also allows you to create, edit, test and view your own patterns. Formulas are defined using the same language used in TC2000 to create PCFs - with some powerful extensions added. (Examples)

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Correlations  TCScan+ tells you which stocks or indexes are most similar or dissimilar to each other.  You can then trade similar stocks off each other, or take opposite positions in dissimilar stocks.  You can also use this feature to balance your portfolio - making sure that you have a diverse set of securities to trade (CorrelScan, free to TCScan+ owners or available as a separate purchase, helps you do this in an easy graphical form.)  TCScan+ also allows you to search for offsets in stocks or indexes.  You can then determine if any set of items move the same way a few days apart from each other, allowing you to get a reliable head-start on a trade. (Examples)

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Fibonacci Levels  TCScan+ automatically determines Fibonacci levels for your securities and alerts you when the current price is close to a level.  Fibonacci levels are a fundamental part of Elliott's Wave principle, and in many trader's opinions, the most reliable of his principles. Tom DeMark uses Fibonacci levels and numbers extensively. (Examples)

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Support & Resistance Levels  In addition to trendline and channel scans, TCScan+ also provides automatic detection of horizontal support and resistance levels.  These levels can be determined from either past price or volume action.  (Examples)

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Volatility Stops are one of the most highly-regarded methods of profit protection.  Many traders and authors recommend their use, including Market Wizard Van K. Tharp, and we have personally found them to be the very best stop method available.  TCScan+ finds either long or short position stops, and will allow you to set the degree of risk that you are comfortable with. (Examples)

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MoneyStream™  Worden's proprietary MoneyStream™ indicator provides an extremely good indication of hidden buying or selling.  Of particular importance are divergences between MoneyStream™ and Price.  TCScan+ finds these divergences for you, as well as other MoneyStream™ characteristics. (Examples)

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Relative Strength Moving Averages (RSMA) are very useful for determining how a security is performing relative to the overall market or to another security.  Larry Williams finds them so useful in ranking which securities to trade that he has devoted whole chapters of his books to them.  The Worden Brother's have spent many of their Notes discussing their use as a long-term exit technique.  TCScan+ searches for RSMA crossovers as well as relative RSMA levels, allowing you to implement both of these trading strategies. (Examples)

 


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