What are the best news filtering and scanning tools for technical analysis?

1 News filtering tools

News filtering tools are applications or websites that enable you to customize your news feed based on your preferences and criteria. For instance, you can filter the news by source, category, keyword, sentiment, relevance, or impact. This allows you to focus on the news that is pertinent to your trading strategy and avoid distractions from irrelevant or biased information. Some of the leading news filtering tools for technical analysis include TradingView, Finviz, and Benzinga Pro. TradingView offers a news filter feature that enables you to select the news sources, categories, and keywords that you would like to view on your dashboard. On the other hand, Finviz has a news filter feature that lets you sort the news by source, date, time, or popularity. You can also use its screener tool to filter stocks by technical indicators. Benzinga Pro is a premium news service that provides real-time news, alerts, and analysis for traders and investors. It also has a news filter feature that allows you to customize your news feed by source, sector, keyword, or sentiment. The calendar tool can be used to track upcoming earnings, dividends, IPOs and economic events.

2 News scanning tools

News scanning tools are applications or websites that allow you to search the news for specific keywords, phrases, or patterns that can indicate trading opportunities or signals. For example, you can look for earnings surprises, analyst upgrades or downgrades, mergers and acquisitions, or product launches. This way, you can identify stocks that could experience significant price movements and volatility due to news events. Some of the top news scanning tools for technical analysis include Trade Ideas, Stocktwits, and News Quantified. Trade Ideas is a powerful artificial intelligence platform that scans markets for trading opportunities based on various criteria and strategies. It also has a news scanning feature that lets you search for keywords, phrases, or patterns that can trigger trading signals or alerts. Stocktwits is a social media platform for traders and investors where you can share and discover ideas, insights, and opinions about the markets. It also has a news scanning feature that lets you look for trending topics, symbols, or keywords to monitor market sentiment or momentum. Lastly, News Quantified is a unique platform that quantifies the impact of news events on stock prices. It also has a news scanning feature that lets you scan for specific events like earnings, dividends, analyst ratings, or lawsuits to see how they affect stock performance and volatility.

3 How to use news filtering and scanning tools effectively

News filtering and scanning tools can be great aids for technical analysis and trading performance, but they should not be used as a replacement for your own research and judgement. It's important to be selective and focused when using these tools, focusing on news sources that are relevant to your trading style, goals, and risk tolerance. Additionally, you should always be alert and flexible when using these tools, verifying accuracy, reliability, and timeliness of the news sources. Lastly, it's essential to be disciplined and consistent when using these tools; never let the news sway your emotions or decisions. By using these tools wisely and responsibly, you can enhance your market awareness, efficiency, and profitability.

4 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?