NTS Screener Tutorial

What's up everybody? JT here and I'm going to run you through a quick demo uh on how to use the new NTS scanner that I just released for the Pine Screener beta feature in Trading View. So, first things first, uh if you're a current NTS subscriber, you should have received a notification that you've been added for access to the uh NTS scanner script as well. This is going to be a companion script uh for NTS from from this point forward. So essentially uh anybody who's subscribing for NTS access uh will automatically get uh access to the NTS scanner as well. So uh with that uh first step in the process is to uh add the NTS scanner to your favorite indicators in Trading View. Um, the Pine Screener is limited, at least currently, to only looking at your favorite, uh, indicators. So, uh, we're going to go up here to the list of indicators. I'm going to go to my scripts. You will go to invite only. Uh, and I'm going to come down here to the NTS scanner, put a star next to it, make it one of my favorites. And once that's done, we're kind of done with the charts, at least for the time being. So, uh, now we're going to pop over. And the first thing we need to do to be able to run uh the Pine screener is set up a watch list. Um so I'm going to show you my steps and things that I look for in my watch list. Obviously, if you have screener settings that you prefer to create your own watch lists, feel free to use those. All right, so here we are uh in the stock screener. Uh this has already got my personal settings that I like to look for loaded. Again, feel free to use your own settings, but in this particular case, uh I want to cast a fairly wide net because we're ultimately going to then use NTS to filter the overall list down to just uh some ideal either bounce or rejection opportunities. So, uh, again, to cast that wide net, I'm looking for, uh, stocks trading over $5 with a 30-day average volume over 5 million. That generates this list that we have here. Uh, as you can see, I've already built a watch list from my volume trader scans. But, uh, just to show you this whole process, I'm going to go ahead and clear this out. So, I'm just going to select that first one. The last one, shiftclick the last one, delete. Yes, I want to delete all those symbols. So, now I'm going to select the first name here on this list. Take it all the way down to the bottom. Hold shift click, rightclick, add to watch list, volume trader. So, now we're repopulating that list. Uh, I also like to include ETFs in my watch list. So for that in uh trading view we have to switch over to the ETF screener. And again here we have my um preset volume traders no leverage. So I'm looking for nonleveraged ETFs trading over $5 US uh with a 30-day average over 10 million in this case. So that gives me this list of 51 uh tickers to look at. Same process. Select the first shiftclick. select the last, right click on the list and add those to the volume traders as well. So now I have a watch list comprised of all those stocks and ETFs that have met my criteria. Now I can move over to the Pine Screener. So uh we're going to do this in a new tab and uh I've got this already added to my favorites. It's probably not on there by default for you. Uh so you'll want to come down here to the individual tools. Find that Pine Beta screener right there. put a star next to it so it's always right there just a click away. And then we come over here to the Pine Screeners. All right, here we are in the Pine Screener. Uh we've got the watch list already selected here. Volume traders, you can of course select any watch list that you've built um to run the scans on. Um so again, we just compiled this volume traders list. So we're going to use that. Uh choose indicator. We're going to use the NTS scanner. You can ignore uh these values right here, these settings. Uh they are just components of the NTS flag. Uh but they don't have any alert conditions or anything like that that we can use for scanning purposes. So you can just ignore these. What we're really looking for are these bounce opportunities and rejection opportunities. But let's make some tweaks to our scanner settings first. So I'm going to drop this down. By default, the time frame is always one day, at least in the current version of this Pine Screener, which again is still in beta. Uh, so we have a limited number of intervals we can select from. I'm sure Trading Trading View will eventually add uh more time frames and perhaps even custom time frames to run these scans on, but for now, uh, this is what we've got to work with, and it's plenty. So, I'm going to go with the 2-hour time frame for my scans. And then in the settings here, uh you can make a few tweaks. I recommend the default settings, but I'll talk about these real quick. Uh session. So even though uh the Pine screener is limited to regular trading hours and in some cases that can give us a false positive for bounce and rejection opportunities cuz what we're trying to find are opportunities where we've tested a key area of buy pressure according to NTS but the flag has not yet flipped. In other words, it didn't proceed below the ultimate threshold and flip the flag bearish. Now, if that flip happens during the extended hours session, uh it will still show as a positive here in the screener because Trading View again stops looking at uh the market as of 400 p.m. essentially, but we are able to via Pine Script trick it into still calculating the flag um using extended trading hours. So, I've done that here. uh if it's a name that trades fairly low volume during the uh extended hour sessions, feel free to switch that to regular trading hours or if you happen to like uh how NTS performs on a particular stock um or any asset really I should say um with the regular trading hours chart then by all means switch to that but the defaults extended trading hours and that's kind of what I recommend as a general uh best practice in NTF Yes. Uh bar look back for bounces or rejections. So, this is how many candles back are we going to look to see if we've tested the either the bounce zone or the rejection zone. Feel free to take this further back if you want to. I wouldn't really make it any tighter because you probably won't get many results. Um but if you go too far back, we might uh the the response to that bounce zone or that rejection zone uh might have already happened, right? So again, feel free to tweak this setting, but I kind of feel like five is the sweet spot. Um, and then bar type. Again, if you're more of a uh person who prefers how NTS performs, uh using uh hyenashi candles versus uh regular candlesticks, by all means, uh feel free to switch this. Um me personally, I like to use the candlestick chart. So, I'm going to leave it on candles. That is the default, but we do have the option for hyenashi there. So, uh, I've got I'm happy with all these settings. And again, generally speaking, the default settings are right where you want them. But feel free to play with these as you see fit. And you don't really have to mess with those if you're just going to use the defaults. All you really need to change is the time frame uh that you want to scan on. So again, we're going to run this on the 2-hour chart. Let's look for bounce opportunities. True on that 2-hour chart within the last five 2hour candles. Here we see energy transfer. I was had that pulled up already. So, just quick pull over here to show you this again. This is our bounce zone. So, the uh within five candles. So, the fifth candle back uh we've hit that bounce zone. The price is now trying to fight over this little bit of bearish momentum uh and a short signal here. Some of that has to do with, I'm sure, the fact that there was a dividend payment uh or X dividend uh excuse me, X dividend date um that took place. Um but other than that, it's a nice bounce opportunity and we've pulled back again even post that into that bounce area. Uh so we could see this start to curl up. If we zoom in a little bit, we can see that starting to curl up. So now we're showing a counter trend and perhaps trying to flip this momentum back bullish. You can see the candles instead of rejecting out of this sell pressure, they're now bouncing off the bottom of it. Uh and this is probably getting ready to flip back to the bullish side uh and head for more upside out of this bounce zone opportunity that we just spotted using the screener. So uh let's go back. Let's run a rejection opportunity screener. Same time frame. So, I'm going to reset that. I'm going to scan to pull back our full list of 404 tickers. And so, now we're going to look for true rejection opportunities. Let's run that scanned. Lots of them listed here. Uh for this particular one, uh yeah, let's do Arcad. I don't think that's not a name I'm really familiar with. So, you can get to these charts as well uh just from the list right here. So, if I click this, it's going to take me to the Arcat holdings kind of page on Trading View. Uh, but ultimately, we want to see the full chart. So, we're going to go there. Pulls up RCAT for us. 2-hour chart. Uh, as you can see, we are still in this rejection zone. So, again, just like the bounce zone, uh, in the bullish flag is there. This is our rejection zone. So, that's true. Bearish flag still true even after hours. Uh, we do have the 200 SMA coming up is under some bullish momentum there, but I would say, you know, I'd be looking for the 200 SMA to be lost as support. That could potentially open up room down to the bottom of that momentum or even the bottom of this flag before it finds support. And then if it loses that, uh, probably on down to test the 333 SMA. But uh ultimately what this pine screener does, it allows us to narrow our focus on opportunities that uh are more likely to provide us some nearterm uh profits. So with that, uh that is the quick crash course on the NTS scanner uh that I just launched this evening. Uh if you have questions, feel free to reach out to me on the X-Trades Discord. Uh or you can shoot me an email at NTSindicator@gmail.com. Uh and with that, I wish you much success with NTS.