MOMO Pro by Mometic has a stock screener tool for momentum traders to get real time market data. It has features to find stocks making new intraday highs and lows. Customizable alerts and filters so you can tailor your strategy. Market meters to help with decision making. While MOMO has good data, you have to weigh the cost against your trading needs and budget.
Real Time Scanner
MOMO is a tool for momentum traders to trade market volatility. This real time scanner helps you find stocks that are moving big intraday. You can see new highs and lows and get an edge to find trading opportunities.
The platform has customizable filters and alerts so you can customize your trading experience. You will get notified when market conditions match your criteria so you can stay informed and ready to act. MOMO is user friendly for both new and experienced traders to help with decision making.
Scanner Pricing
MOMO Scanner has three subscription plans to fit different trading needs and budget. The basic plan is $17 monthly and has the essential scanning features but lacks some advanced tools. The Pro plan is $27 monthly and has Discovery Pro scanner and additional scanning features. The Pro+ has the most comprehensive package and has conditional alerts, advanced indicators and API access and costs $37 monthly.
You can save 20-25% by subscribing annually. MOMO has a 5 day free trial for all plans so you can test the scanner before committing. This trial period will let you see which plan is best for your trading style and needs.
- Basic: $17/month
- Pro: $27/month
- Pro+: $37/month
Choose your trading frequency, strategies and budget when selecting a plan. The Pro and Pro+ plans have more features for active traders who need in depth market analysis.
MOMO’s Features
Market Pulse Indicators
MOMO has dynamic indicators for major indices like Dow, Nasdaq and S&P 500. These visual indicators show the number of stocks making new intraday highs and lows using 3 minute moving average. You will find these indicators useful to get a quick feel of the market momentum.
The heatmap style display is a quick way to see short term trends. It gives you a snapshot of recent activity but note that the 3 minute window doesn’t give you the broader context of the day’s movement.
Real Time High and Low Tracker
MOMO’s best feature is the continuous stream of stocks making new intraday highs and lows. This tool has two columns, one for stocks making new lows and one for stocks making new highs.
You will get additional context such as:
- A counter of how many times a stock has made a new high or low for the session
- Highlighted entries when a stock also makes a 52 week high or low
This scanner will help you find breakout opportunities and stocks with momentum. By focusing on real time movements you can see stocks that are worth further analysis for your trading strategies.
Market Insight Scanner
The Market Insight Scanner is a powerful tool for traders who want real time market data. You can customize the scanner to show stocks based on price, volume and market sector. A unique feature allows you to create a secondary view filtered by a custom stock list. Just upload a CSV file with your favorite ticker symbols and we will include them in your real time scans.
For Pro users the scanner has more features. It gives you real time data about stocks while focusing on intraday momentum. You can sort stocks by a custom momentum score which is new intraday highs vs lows. This simple but effective metric will show you stocks that are consistently making new intraday extremes.
The scanner also allows you to sort by:
- Unusual Volume Indicator: 15 minute volume vs 30 day average volume for that time of day.
- Squeeze Indicator: Stocks that are potentially squeezable, categorized as Squeeze Now, Squeeze Pre and Squeeze Post.
The Squeeze Indicator has a “squeeze strength” value which gives you more information on the squeeze time frame. This is useful for traders who use different approaches to squeeze plays, like anticipating breakouts or shorting breakdowns.
You can filter by sector or favorite stocks and create custom filters based on any column. The data updates every minute so you have the latest market data at your fingertips.
You can also export the scanner data to a CSV file which is compatible with Excel, Google Sheets or MarketXLS.
Alerts
The alert system has many features to keep you informed of market movements. By default it gives you 5 types of alerts:
- Intraday high and low alerts
- Unusual volume alerts
- VWAP distance alerts
- Price change alerts
- Halted trading alerts
You can trigger alerts on any stock. For more specific needs you can create custom alerts with conditional settings.
The platform has a dedicated “Alerts” window where you can see all triggered alerts. This will make sure you never miss any market movement or event in your watched stocks.
The alert system gives you the flexibility to stay on top of different market conditions and trading opportunities. Whether you’re watching breakouts, unusual activity or specific price levels the alerts will notify you without you having to constantly check.
By using these advanced scanning and alert tools you can streamline your trading, find opportunities faster and react quicker to market changes. These will help you make better decisions and potentially better results.
MOMO Pro is a top rated stock scanner for momentum traders. You’ll use it to find breakouts and high volume moves in real time. It has customizable alerts including voice notifications so you can manage multiple screens.
Customize Your Dashboard
The MOMO platform has one dashboard page that shows all the data. You can turn modules on and off to focus on what’s important for your trading strategy. You can’t reorder the modules but this keeps the interface simple and device agnostic.
To watch stocks use the “favorite” feature. Look for the star icon to mark and find your favorite stocks throughout the platform.
Who MOMO is Good for?
MOMO is for day traders who live off market momentum. The real time scanners are best at finding stocks that are moving big intraday especially those that are making new highs or lows with unusual volume or deviating from their VWAP.
MOMO is easy to use but best used by experienced traders who can quickly scan and act on the many signals throughout the day. The platform is not suitable for swing traders or long term traders.
Pros
- Custom stock filters for intraday high/low scanning
- Momentum, volume and squeeze indicators
- Alerts on volume, VWAP distance and price change
Cons
- No charting
To get the most out of MOMO you need to be able to make quick decisions and have a good understanding of momentum trading. MOMO will show you the opportunities but you need to decide which ones fit your strategy.
Rating: ★★★★
