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Stock Screener

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Finviz is one of the most effective market scanning tools and services, rather than a trading platform.Its biggest strength is that it allows you to get an overview of the US stock market in just a few seconds and filter out the most promising setups.

How does a professional trader use it?

Stock Screener – the soul of Finviz

The screener allows you to search for stocks based on hundreds of criteria.

For example:

  • Price > 20 and 50-day moving average
  • Relative Volume > 2
  • High ATR
  • Float < 50 million
  • Gap Up > 5%
  • Earnings today or tomorrow
  • RSI above 30 or 70
  • Insider buying

This means instead of looking through 6,000 stocks, you might only review 15–20. This saves hours of time every day.

Heatmap – where is the money flowing?

This is perhaps its best-known feature.
You can see on a single image:

  • Which sector is strong
  • Which sector is weak
  • Which stock is driving the index
  • How large the movement is

For example, if NVIDIA is +5%, AMD is +4%, and Broadcom is +3%, then there is momentum in the AI/chip sector.

If all banks are in the red, it might not be worth looking for long positions in bank stocks.

This is excellent for „top-down” analysis.

Swing trade setups

For example:

  • Near 52-week high
  • Higher highs
  • Price above 200 SMA
  • EPS growth
  • Sales growth

It works very well for trend-following strategies.

News

For each ticker, you can see:

  • Earnings
  • Analyst upgrades/downgrades
  • Insider transactions
  • SEC filings

This way, you don’t need to open multiple different websites.

Insider Trading

Many people watch for when:

  • The CEO buys
  • The CFO buys
  • Multiple executives buy at the same time

It doesn’t automatically mean the price will go up, but it is highly useful information.

Elite version

The free version of Finviz is very good, but most active traders eventually upgrade to Elite.

The main benefits of Elite include:

  • Real-time quotes
  • Premarket and after-hours data
  • Intraday charts
  • Advanced charting tools
  • Alerts
  • Data export
  • Backtesting features…

A typical trader’s daily routine:

  1. They check the Heatmap.
  2. They identify the strongest sectors.
  3. They filter for the right stocks using the Screener.
  4. They analyze the charts.
  5. They check the news.
  6. They transfer the candidates to the watchlist of their trading platform, such as TradingView or Meta Trader 5.

The actual orders are then executed through our broker.