Each view contains a column of Price Gauges and/or Volume Gauges.

HotScans is based on the fundamental principle that Price Change + Volume Percent Change = Momentum. The price and volume gauges allow you to easily spot momentum.

The Price Gauge is a simple measure of the percent price change for the time period chosen. For example, If you are running a Rally Now 5 minute scan, the Price Gauge will represent the percent price change for the last 5 minutes.

The Volume Gauge represents a relative value: a comparison of the volume for the time period chosen vs. its 30-day average. For example, If you are looking at the last 30 minutes of trading and you see a stock with a Volume Gauge showing a green 1000%, this means that the stock is trading 1000% higher than its average volume for the last 30 minutes.

All gauges are color-coded:

Green signifies a price increase or greater than average volume.

Red indicates a price decrease or lower than average volume.

The gray bar represents "no significant change" and is always present at the center.

The number of bars represents the magnitude of the change in price or volume. The maximum number of bars is five. The "+" and "-" signs represent values exceeding the gauges scale, and the numeric value is listed next to the gauge.

There are four patterns of price and volume convergence:

Green/Green: (Bullish) A green % price change and a green Volume gauge means that the stock or group is rising on strong volume (higher than average).

Sym Price Price
Chg 5 Min.
Chg. Last 5 Min
% Price Chg. Last 5 Min
Vol. vs. Avg.

AIG 51.09 0.50 0.24 0.5% 730%

AIG is up 0.5% on heavy volume (730% greater than average) for this time period.
Strong green on price change and Volume is a bullish sign.

Red/Green: (Bearish) A red % price change and a green Volume gauge means that the stocks or group is falling on strong volume (higher than average).

Sym Price Price
Chg 5 Min.
Chg. Last 5 Min
% Price Chg. Last 5 Min
Vol. vs. Avg.

INTU 40.57 -1.50 -0.26 -0.6% 178%

INTU is down 0.6% on heavy volume (178% greater than average) for this time period.
A red price change with a strong green volume is a bearish sign.

Green/Red: (Less Bullish) A green % price change and a red Volume gauge means that the stock or group is rising on weak volume (lower than average).

Sym Price Price
Chg 5 Min.
Chg. Last 5 Min
% Price Chg. Last 5 Min
Vol. vs. Avg.

ESRX 53.18 -0.18 0.12 0.2% -73%

ESRX is up 0.2% on light volume (73% lower than average) for this time period.
This is less bullish than if volume were strong. The rally in the stock could be suspect.
It could be a temporary correction.

Red/Red: (Less Bearish) A red % price change and a red Volume gauge means that the stock or group is falling on weak volume (lower than average).

Sym Price Price
Chg 5 Min.
Chg. Last 5 Min
% Price Chg. Last 5 Min
Vol. vs. Avg.

AAP 42.85 0.80 -0.14 -0.3% -50%

AAP is down 0.3% on 50% lower than average volume for this time period.
This could actually be a healthy correction since its up .80 for the day.

MarketGauge HotScans makes it easy to spot these patterns. These easy to read gauges are crucial for intra-day traders. They help you to easily spot price and volume movement for different buckets of time (ex. the last 5 minutes).


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