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    Scanning by theme

    Requires SuperAvailable on: Web · iOS · Android

    On this page

    A theme is a group of stocks whose prices move together, such as silver miners or enterprise software. scanr builds the groups from price behavior, not from industry labels, and rebuilds them every week. Scan by theme to run your filters on one group only.

    Themes live in the scan's universe, not in a filter row. Your filters then run on the theme's members. To see which themes are strong right now, use the theme cards on the dashboard.

    Tour

    The Themes section of the universe settings holds:

    • Search themes: finds a theme by name.
    • Depth: how far into each theme the scan reaches.
    • Theme rows: switch a theme on or off. The count, such as "12 of 15", is how many members reach the scan at this depth.
    • Not in this week's classification: themes you picked that dropped out of this week's grouping.

    Create and configure

    1. Click the gear icon to the right of Scan. The Select universe panel opens.
    2. Open Themes.
    1. Search for a theme and switch it on. Switch on more than one to scan them together.
    2. Set Depth.
    3. Run the scan.

    Above the results, Themes: lists the themes the scan covered, and Depth: the depth it used.

    From the dashboard

    On a dashboard theme row, right-click and pick Open in scanner. Or open a theme and click Open in scanner in its dialog. The scanner opens with that theme as the only theme in the universe. Your filters stay. The scan doesn't run until you click Scan.

    Reference

    Membership and depth

    Every member of a theme has a grade:

    GradeWhat it means
    CoreWhat the theme's name describes.
    SatelliteRelated stocks that trade in sympathy with the core.
    LooseThe weakest link to the theme.

    Depth picks which grades a scan reaches:

    DepthReaches
    Core onlyOnly the stocks the theme's name describes.
    Core + satelliteThe core plus the stocks that trade in sympathy with it. The default.
    Core, satellite + looseEvery member, down to stocks barely correlated with the theme. The name stops describing what comes back.

    Weekly regrouping

    scanr regroups the themes every week. A theme can change members, change its name, or drop out. A theme you picked that dropped out moves to Not in this week's classification and adds no stocks. Click Remove to take it out of the scan.

    Theme strength

    The dashboard's Theme Overview card ranks every theme by Avg RS, the average relative strength rank of its members, and shows whether it is gaining or losing strength. Themes on the dashboard explains each column. On Free, the strength columns show Upgrade to read theme strength.

    To screen single stocks on strength, use the indicator filters such as Relative Strength (Market)>80.

    Plans

    FeatureFreeSuperSuper Pro
    Themes in the scan universeNoYesYes
    Open in scanner from the dashboardNoYesYes
    Theme strength columnsNoYesYes

    Quick reference

    StyleSettingWhy
    Swing tradingThe top Avg RS themes, Core + satelliteFind the leaders inside the strongest groups.
    Swing tradingA theme with a rising Slope, Core onlyCatch a group as it starts to turn.
    Position tradingOne theme, Core only, with fundamental filtersPick the best businesses in a trend you believe in.

    Tips

    • Start from Theme Overview. Sort by Avg RS, then open the top theme in the scanner.
    • Keep the default depth. Core, satellite + loose pulls in stocks that barely trade with the theme.
    • Check Not in this week's classification after the weekly regrouping. A dropped theme empties the scan.
    • Add Relative Strength (Industry)>70 to find the leaders inside a theme.

    Troubleshooting

    IssueCauseSolution
    A themed scan comes back empty.A theme you picked isn't in this week's classification.Open Themes and Remove the themes listed under Not in this week's classification.
    The results say "Nothing in … is scannable this week."None of the picked themes' members reach a scan this week.Change the theme selection in the universe settings.
    Themes shows "Upgrade to Super to scan by theme."Free plans can't scan by theme.Upgrade to Super.
    A stock on the theme's page isn't in my results.It's a Loose member, and the scan uses Core + satellite.Set Depth to Core, satellite + loose.

    Related

    UniverseExchanges, security types, countries, themes and sort.Themes on the dashboardRank themes by strength and return, and open one in the scanner.Indicator filtersRelative strength and regime scores for single stocks.Scanner 101How a scan works and what each plan can use.GlossaryTerms used across the scanner.

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