What is the difference between a stock scanner and a screener?

Asked 3 years ago

Hi guys, I'm digging hard into trading, and I'm looking at getting a stock scanner to help monitor price movement and track stock data. However, I noticed that there's another term used: stock screener. Is there any difference between them, or are they the same? Can anyone tell me where I can find pricing information?

Stock screener Stock scanner Stock watching Trend analysis

Andia Rispah Igobwa

Thursday, September 09, 2021

Scanners are a type of monitoring device that is used to monitor real-time stock information. They're designed for traders who want price data as it emerges.
Screeners are intended for traders who don't want to trade on price fluctuations as they occur. Instead, they're for traders who want historical financial data.
Both scanners and screeners are real-time programs that monitor the markets. They provide price quotes on-demand or when there is a "trigger event." Trigger events can be based on specific values of an asset's price movement, volume, liquidity level, market maker activity, options prices, or other items.
Scanners often come with a wide range of predefined settings, allowing experienced traders to quickly set the appropriate values and have the program automatically scan for any opportunities that meet those criteria each time it's run.
In addition, experienced traders can look through the daily scans and configure new rules based on their findings. This can provide them with a new opportunity for gains each day and allow the program to run that same day again.
Screeners generally include less predefined settings, as they're used more often by long-term investors who aren't looking for short-term gains. Instead, screeners let users view historical information on financial instruments of any type. This includes but is not limited to quotes, historical charts, price-performance ratios, and returns over different periods.
Scanners are designed for traders who want price data as it emerges. Screeners are intended for traders who don't want to trade on price fluctuations as they occur. Instead, they're for traders who want historical financial data.