Weinstein Screener for ProRealTime

The Weinstein Screener automatically scans financial markets for stocks showing potential early Phase 2 configurations, according to Stan Weinstein’s trading method.

The Screener works on the weekly timeframe, analyzing price movements, consolidation patterns and moving average conditions to identify stocks that may be transitioning from Phase 1 into a new bullish Phase 2.

Results are classified into 4 categories according to the progress of the configuration:

• 1: Configuration 1
• 2: Configuration 2
• 101: Breakout above the last resistance preceding the moving average breakout
• 102: Breakout from the consolidation following the moving average breakout

This classification helps you identify stocks approaching or meeting the selected conditions without examining each chart individually.

Customizable Settings

Adjust the Screener directly from ProRealTime’s Variables menu, without modifying the code.

Adjustable validation criteria:

• Moving average period
• Moving average type (EMA, SMA, WMA, etc.)
• Minimum price decline before Phase 1
• Number of candles analyzed to validate the preceding decline
• Minimum consolidation percentage after the moving average breakout

Available filters:

• Maximum price distance after the moving average breakout
• Bullish or neutral moving average direction
• Maximum distance between resistance and the moving average breakout

General market filters:

• Minimum stock price
• Minimum average trading volume
• Adjustable average volume period
• Volume calculation based on the number of shares or traded value

These general filters use daily data to help you select stocks according to your preferred price and liquidity criteria.

Characteristics

• Automatic detection of potential early Phase 2 configurations
• Analysis on the weekly timeframe
• Results classified into 4 categories
• Customizable detection criteria and filters
• Compatible with ProRealTime V11 and later
• Compatible with the free version of ProRealTime (daily closing prices)
• Settings adjustable without modifying the code
• Weinstein Indicator included
• Free automatic updates

Video Presentation

Video in French – English subtitles available.