Price action is a trading methodology in which we primarily consider price as purest form of indicator . We just see price and focus on important levels. Price action scanner helps to select stocks that are showing breakouts or breakdowns
Whenever we see price action trading strategies, we find our important support and resistance levels where price is likely to take support or resistance. Once we find those levels , we take entry . Two major types of entries are
1> Breakout / Breakdown Entry
2> Pull back Entry
What is Price Action Scanner
Price action scanner by Intradayscreener.com is meant to figure out stocks which are breaking out on 5 minute and 15 minute time frames. Such stocks start to move up and close above highs of previous many candles with volumes , thereby indicating price action has started to happen.