Inquisitor (Lite)

The 'Inquisitor (Lite)' window can be accessed via the commands drop down menu or the commands toolbar:

PhoenixAI have a scanner function, called 'Inquisitor'. This facility is used to seek out stocks that satisfy certain technical and fundamental criteria. In the example below we'll go through how to set up a scan for only ordinary shares that have gone down more than 5% in the last trading day. A scan like this might be useful if you're looking to take a short trade. Although the principles you'll learn in the example should be enough for you to be able to build a scan using any of the filters contained in the inquisitor (lite).

To create an inquisitor filter...

Step 1: Click 'Basic Rule' on the left of the window.

This will bring up the 'Rule Editor' and a selection of tabs on the right side of the window. Under each of the tabs you will find the relevant list of filters.

Step 2: Click a tab. For this example we'll click on the 'Type' tab.
Step 3: Select a filter. For this example we'll choose 'Ordinary shares'.

Note: If you're trading Australian stocks make sure you include the 'Ordinary Shares' filter in every one of your scans. If you forget to add this filter, you will most likely get a report containing a lot of codes you don't want.

Once you have selected a filter, the rule editor at the top right of the window will change to match your selection. Some selections, like the one we just made (Ordinary Shares), will require no further input. In fact all of the items under the 'Type' or 'Sector' and 'Breakouts' tabs do not require any further input. If this is one on the filters you have selected, GREAT! That means you have finished this filter.

Step 4: Now we can add another filter by clicking again on the 'Basic Rule' button on the left.

Step 5: This time click on the 'Fund.' tab

Step 6: Click on '% Price Move'.

Like before, the rule editor at the top right of the window will change to match our selection. For many of the filters, you will be required to choose an operator and a second part to the rule to complete the filter. This is the case for this instance. When you click on '% Price Move' at the top of the window you will see this appear:

This means that by default the rule is filtering out (IE. getting rid of) any stock with a % Price move that isn't greater than 0, over the last day's trading.

The operator is 'Greater than'. You can change this by clicking on it. Other operators include things like 'Less than', 'Equal to', 'Equal to OR greater than' etc.

For this example we will need to change the operator to 'less than'. To do this:

Step 7: Click the operator and choose 'less than'.

Lastly we will need to alter the second part of the rule which is currently set to 0. To do this:

Step 8: Click on 0 and change the number in the field below to -5.

Our rule should now read:

% Price Move
Less than

In other words this filter is saying, only show me stocks that have gone down more than 5% in the last day.

The rule is now finished.

We can now either add more rules to combine with this rule (to filter away even more stocks) or we can run the scan by clicking 'Generate Report' on the left side of the window.

Step 9: Lets just generate report to see what results we get.

As you can see the report below is telling us we have 48 stocks matching the criteria. In some cases this number of stocks might be too many to go through. So from here, you'd might choose to close the report and add more filters in the inquisitor window in order to weed out more stocks.

But for this example we'll pretend that we're happy with the number of stocks in the report and proceed to view the stocks in our charts.

Step 10: To open up a new chart with one of the stocks in your report right click on a stock and click 'chart', or you could drag the stock onto the chart icon or into a chart window. Alternatively, to sync a symbol with all open windows, double click on a stock or left click on a stock and click "Synchronise".

Note: The stocks that appear highlighted are stocks that are contained in one of your saved watch lists.

Step 11: Lastly, you can convert your report to a watch list by clicking the 'Open in Watch List' icon in the toolbar at the top of the screen.

Related Topics:
Inquisitor (Advanced)
Saving and Altering Inquisitor Filters
Inquisitor Reports
Watch Lists