How to Create Your Own Screener in TradingView

Imagine this: You’ve spent countless hours researching stocks, scanning through different indicators, cross-referencing charts, and using external software to find the best trading opportunities. It’s time-consuming, exhausting, and, let’s face it, not as effective as it could be. What if you could automate this process? What if there were a way to create a tool that did all the hard work for you, allowing you to focus solely on what matters — finding the right trades?

Welcome to the world of TradingView Screeners, where you can build custom stock, crypto, or forex screeners tailored to your exact specifications. But it’s not just about making things easier. It’s about turning your trading into a well-oiled machine that maximizes profits while minimizing the manual work. Let’s dive into the step-by-step process of how to create your very own screener on TradingView, and why this tool can transform your trading strategies.

What is a Screener in TradingView?

A screener in TradingView is like your personal assistant in the world of financial markets. It allows you to filter through thousands of assets to find only those that meet your specific trading criteria. Whether it’s stocks, forex pairs, cryptocurrencies, or indices, screeners help you narrow down the universe of possibilities to a manageable list of assets that match your trading plan.

While TradingView already provides built-in screeners, the real power comes from creating your own custom screener. This allows you to design filters based on your unique combination of technical and fundamental indicators. Let’s start by understanding the importance of screeners and how to create one that can provide you with an edge in the markets.

Why Should You Use a Screener?

Time Efficiency: If you manually sift through hundreds of stocks or currency pairs daily, you know how much time this process takes. With a screener, you get a shortlist of potential trades in just a few seconds.

Consistency: Screeners help remove the emotional element of trading. By sticking to predefined rules, you ensure that every decision aligns with your strategy.

Better Opportunities: A well-built screener can reveal hidden opportunities that you might miss when manually scanning the markets. It enables you to find stocks or other assets that match technical setups, fundamental strength, or a combination of both.

Now that we know the importance, let’s jump into how to build your own screener in TradingView.

Step-by-Step Guide to Building a Screener in TradingView

Step 1: Define Your Trading Strategy

Before you even open TradingView, sit down and decide on the exact criteria for your trades. Are you a momentum trader, a value investor, or maybe a swing trader? You’ll need to define your criteria based on:

• Technical Indicators (e.g., Moving Averages, RSI, MACD)
• Fundamental Metrics (e.g., P/E ratio, market capitalization)
• Volume and Liquidity thresholds
• Sector or Industry preferences

This step is crucial because your strategy will determine which filters and conditions you apply to the screener.

Step 2: Open TradingView and Access the Screener

Once you’re on TradingView, navigate to the "Screener" tab, which can be found at the bottom of the charting area. Depending on your target market, you can select between Stock Screener, Forex Screener, or Crypto Screener.

Step 3: Customize Your Filters

This is where the magic happens. The real power of TradingView screeners is the ability to use custom filters. Click on the filter icon to open a menu that lets you filter assets based on hundreds of available metrics.

Technical Filters
You can select from popular technical indicators such as:

• Moving Averages: Set conditions like “Price Above 50-Day Moving Average.”
• RSI: Choose overbought/oversold conditions like “RSI below 30” for potential long positions.
• MACD Crosses: For momentum or trend following strategies.
• Volume Filters: Find stocks with rising volume that may indicate a breakout or new trend.

Fundamental Filters
If you’re more of a fundamental trader, you can filter by:

• P/E Ratio: Filter for undervalued or overvalued stocks.
• Earnings Growth: Look for companies with strong earnings growth over the past quarter or year.
• Dividends: Search for high-yield dividend-paying stocks if you’re a dividend investor.

You can combine multiple technical and fundamental filters to create a hybrid strategy.

Step 4: Save Your Custom Screener

Once you have your filters in place, save your screener by clicking the "Save Screen" button. This allows you to quickly access your customized screener in the future without having to reapply all your filters.

You can also set alerts based on your screener criteria, so you’ll get notifications whenever an asset meets your predefined conditions. This feature is especially useful if you don’t want to sit in front of the charts all day.

Step 5: Backtest and Optimize

Creating a screener is only half the battle. Once your screener is in place, use it to test your strategy over historical data. TradingView’s backtesting tools allow you to see how well your filters would have performed in the past.

Start by analyzing how many opportunities your screener finds in a typical week or month. If it’s too few, you may need to loosen your filters. If it’s too many, tighten the criteria to focus on higher-quality opportunities.

Example: Building a Moving Average Crossover Screener

Let’s say you’re a trend-following trader who likes to buy when the 50-day moving average crosses above the 200-day moving average (also known as a Golden Cross). Here’s how you would set up this screener in TradingView:

1. Open the Stock Screener.
2. Add a filter for 50-Day Moving Average crossing above 200-Day Moving Average.
3. Add additional conditions, such as RSI between 40-60 to find stocks in consolidation phases that may soon break out.
4. Set volume filters to ensure that there’s enough liquidity in the stock for easy entry and exit.

After setting up the screener, save it, and use it daily to find trending stocks that match your Golden Cross criteria.

Advanced Techniques: Pine Script for Custom Strategies

For those who want even more customization, TradingView allows you to use Pine Script, its proprietary programming language, to build custom indicators and strategies. This is especially useful if the built-in filters don’t meet your exact needs.

With Pine Script, you can create a screener that includes specific candle patterns, proprietary indicators, or unique combinations of conditions. For example, you could program a screener that looks for:

• Bullish engulfing candles when RSI is oversold and the asset is above its 200-day moving average.
• Custom volume spikes that signal potential breakouts.

The possibilities are nearly endless with Pine Script, allowing you to craft screeners that are far more sophisticated than what is available with default filters.

Conclusion: Why Every Trader Should Use a Screener

In trading, information is power, and screeners provide you with that power in a way that is actionable and efficient. Whether you're an intraday trader looking for quick opportunities or a long-term investor wanting to filter out noise, a custom-built screener on TradingView will help you stay ahead of the market.

By automating the screening process, you remove the emotional bias, speed up your research, and uncover hidden opportunities that could otherwise be missed. The best part? With a screener, you have the flexibility to trade your own way, no matter what the market throws at you.

If you haven’t yet built your own screener in TradingView, now’s the time to start. The tools are there. It’s up to you to use them to sharpen your edge in the financial markets.

Don’t let the markets surprise you — surprise them first.