The Ultimate Scanz Review

In this Scanz evaluation, we’ll discover one of many many buying and selling platforms and companies obtainable.

Some are glorious, whereas others fall brief.

Scanz payments itself as the final word scanner product constructed by merchants for merchants.

The query is, is a scanner value a separate month-to-month subscription, or is the one in your dealer ok?

Let’s dig in and discover out.

Contents

Like many others trading platformsScanz software program must be downloaded to your machine. As a consequence, it doesn’t have a web-based model.

What it lacks in mobility, although, it greater than makes up for in energy and options.

Market Data

Scanz options real-time market knowledge for all the main and OTC exchanges.

While this may occasionally look like a given, many merchandise supply aggregated or delayed knowledge until you pay for the improve knowledge your self.

Scanz contains all main markets within the subscription charge., apart from OTC knowledge, which is further.

News

Another massive good thing about the Scans software program is the entry to real-time information and alerts.

With Scanz, merchants rise up to the second information releases, and deal flows via the day.

All Major news sites and sources are included in your subscription and accessible via the applying.

It works similar to the information ticker on a Bloomberg Terminal, the place the information scrolls via because it is available in.

In addition to the News movement, another issues could be accomplished with the information via Scanz.

It reveals the ticker affected, the present value, and the present quantity as of the second that the information hit.

This knowledge may also be filtered by the kind of information (Deals or Headlines), filter for a particular ticker, or market.

If you’re a information dealer, this is without doubt one of the higher information platforms on the market.

scanz review

Alerts

no scanning software can be full with out the power to set alerts, and Scanz doesn’t disappoint right here.

Traders can choose both a value or news-based alert via the applying and the way it’s delivered.

Options embrace via the desktop app, e-mail, or telephone when the alert triggers.

While it isn’t significantly fancy, the performance and customization are superb for a dealer.

scanning

Given the identify, you knew scanning can be an integral a part of the applying, and it’s. Scanz has an unbelievable scanning interface and performance.

They have three most important scanners within the software program: Pro, Easy, and Breakout, and after testing, of all three, Pro is my favourite.

The Pro scanner offers the dealer full flexibility to arrange market scans nonetheless desired.

Scans could be configured with elementary, technical, value, or quantity knowledge, and a number of sorts of scans and standards could be combined.

Once the scan is created, it may be saved as a structure for the following time it’s wanted.

In addition to constructing utterly customized scans, merchants can decide from a big record of prebuilt ones that cowl lots of the commonest scans.

Below is a screenshot of their reversal scanner: First day inexperienced

scanz review

Next, we transfer on to the breakout scanner.

This scanner lets the dealer have a continually updating record of tickers throughout each market which are breaking out primarily based on their standards.

There are new highs, new lows, price-based, volume-based, and block trade-based scans for breakouts.

They are all color-coded so you’ll be able to rapidly see which standards hit, when, and at what value.

scanz review

Finally, there may be the Easy scanner, which is similar to virtually another scanner on the market on the web.

It permits the dealer to select the market, sector, costs, and different primary standards and have a secure record of shares that meet them all through the day.

While the performance is nice, it is a customary scanner with nothing to write down about.

charting

For scanning software program, Scanz has some extremely spectacular charting capabilities rivaled solely by among the most costly charting platforms on the market.

In addition to having a number of charts and views open, merchants may choose from loads of chart sorts.

These vary out of your customary line and candlestick charts to extra unique sorts like Kagi, Point and Figure charts, and volumetric candles.

scanz review

Once the sort and timeframe have been chosen, including some indicators to the chart is time.

Many frequent and unusual indicators are included, starting from issues just like the transferring averages and Bollinger Bands to issues just like the Volume Profile and Time Series forecasting.

Their charts additionally enable the dealer to pick their scale and axis sorts, in addition to the power to avoid wasting all the things to a chart template.

Other Features

There are tons of different options included within the Scanz software program.

These embrace market internals, degree 2 knowledge, market maker transactions, views, and a cool possibility known as the Montage, which takes a couple of of the totally different views and snaps all of them into one display screen to see all the things.

Lastly, a number of frequent brokers could be built-in proper into the Scanz utility in order that trades could be positioned proper from contained in the app.

Overall, Scanzs is a feature-packed software program with many potential advantages for the lively dealer.

Now that we mentioned the options and advantages of the software program let’s take a look at a couple of of the potential drawbacks of the software program.

While it’s a powerful suite of instruments, there are a number of thighs to be weary of.

Target Audience

This app is just not made for the causal dealer or investor.

There are a variety of options, and there will likely be a studying curve to get used to it.

While the applying is laid out properly and features properly, even on a laptop computer, it is nonetheless a instrument for lively inventory merchants.

The different portion of this downside is that it’s targeted solely on shares.

Scanz will present something you wish to learn about any ticker on a US change, however there aren’t any devices previous that.

There is nothing right here if you wish to see choices, futures, or bonds.

price

While Scanz is extremely highly effective and provides many instruments, it’s costly.

For the software program and common markets, it prices $169 a month.

There is an extra $15/month addon charge for OTC markets.

This will likely be cost-prohibitive for lots of merchants.

One upside is that the fee will embody all the things within the software program.

It can be far costlier to exit and purchase each information supply, knowledge, and particular person instruments to construct one thing comparable.

It will nonetheless be too costly for almost all of merchants.

Lack of Mobility

One of the advantages of recent occasions is that most individuals have all the data and capabilities constructed proper into the telephone of their pocket.

With the popularization of Robinhood and different apps, inventory buying and selling is in the identical boat.

Scanz goes towards this development; you will want a laptop computer or desktop to run the software program, and it must be left open whereas it’s in use.

Nothing right here is cloud-based, so all the things will likely be saved on the dealer’s native machine.

Now that the options, advantages, and downsides have been mentioned, is Scanz value the fee?

Well, the reply is: it relies upon.

New, informal, choices and distant merchants will most likely see little profit from the software program for the fee, so the reply for them isn’t any.

Day merchants or scalpers, particularly those who actively use scans or information to search out trades, will discover a variety of advantages from this software program, so for them, the reply is a sure.

Overall, it’s a improbable piece of software program with much more advantages than drawbacks to its audience: extraordinarily lively merchants.

We hope you loved this scanz evaluation article.

If you might have any questions, please ship an e-mail or go away a remark under.

Trade protected!

Disclaimer: The data above is for instructional functions solely and shouldn’t be handled as funding recommendation, The technique introduced wouldn’t be appropriate for buyers who are usually not acquainted with change traded choices. Any readers on this technique ought to do their very own analysis and search recommendation from a licensed monetary advisor.

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