What is the QChartist Market Scanner (QTGuard)
What is the QChartist Market Scanner (QTGuard)?
QChartist Market Scanner (QTGuard) is an algorithm, used for automatic and continuous
search for trading signals based on user rules and indicators, on all symbols (and time-
frames) available from the data source.
The scanner can monitor (scan) tousands of graphs one after another, on 1 hour, (4 hours for
Tiingo) and Daily time periods (timeframes).
The use of automated market monitoring for technical analysis of a trading strategy simplifies
the time-consuming task of finding new trading opportunities, saves countless hours of
analysis time and accelerates the response to trading signals.
Advantages of Market Scanner usage
The main advantage of using the scanner is the rapid technical analysis and search of trading
signals overall the market in the context of any symbols, time-frames and indicators.
A trader using a scanner significantly increases the efficiency of his trading, saving time on a
monotonous search for trading opportunities among many tools and timeframes, constantly
switching from one chart to another.
In this search mode, the trader misses the best moment to open positions and loses the
potential profit from trading. The constant search for signals takes a lot of time and effort. Lost
time can be used on effective analysis and trades management.
The scanner is especially effective when using complex trading strategies, in which large
mathematical calculations are performed and dozens of additional factors are taken into
Full coincidence of conditions in such strategies is rare, but when this happens, it is a reliable
signal of a potential profitable trade.
A quick response to the detection of such signals comes to the forefront, which without
automation of scanning becomes a difficult task. Using a scanner minimizes the chance of
skipping and losing a potentially profitable trade.
Market Scanner interface and functionality
For the scanner, one chart is loaded at a time, on which technical indicators are applied. If
technical conditions are met, the trader gets the opportunity to visualize screen captures of
potential trading signals in the market.
When the scanner detects a signal, the trader has the opportunity to immediately, open the
chart with the asset and time-frame for more detailed consideration, to perform more precize
analysis manually and decision-making on trade opening.
The program can notifying of the occurrence of trading signals by screen captures, sound alert
or even by email message.
The trader independently determines the list of symbols and time-frames on which trading
signals will be searched for according to a pre-programmed strategy (System Sync trading
The use of Yahoo Finance + eToro in the QTGuard settings is recommended.
The use of Tiingo in the QTGuard settings is recommended for cryptocurrencies. (put your
API key first)
The QTGuard - QChartist scanner allows you to quickly determine which asset(s) is / are
overbought or oversold, thanks to powerful indicators.