Do You Know Eagle Price and RS Scanner?

Published on: December 4, 2023

The market opened with a gap-up and you may be confused about what to buy, right?

We at Definedge Securities always streamline and ease traders’ journey to find the right stock. You can use this scanner to find the most outperforming Sectors or Stocks. Let’s understand about the scanner.

What is Eagle Price and RS Scanner?

Eagle scanner is a combination of multiple scanners related to P&F patterns, RS patterns and 52-week high low. Scanner output shows below mentioned things.

DTB and DBS levels as well as distance from current price. DTB stands for P&F Double top buy pattern and DBS stands for P&F Double bottom sell pattern.

P&F Setup and Pattern counter Trend ratio is calculated on 0.25%, 1% and 3% box-values.

Total price performance and ranking score of Fusion matrix (Calculated on default multiple box values)

Total RS performance and ranking score of Fusion matrix (Calculated on default multiple box values)

52-week high and low price of the security

Current retracement percentage from the 52-week high and low of the security

More bullish (positive) scores and near its 52-week high is a bullish pattern. More bearish (negative) scores and near its 52-week low is a bearish pattern.

I ran the scanner on NSE Sectors and found this result which will help me in identifying the sectors to invest. You can scan more on to the following sector to find the stocks.

*Data as per closing of 1st December 2023.

If you are a Definedge Securities customer, you can find this scanner in RZone.