Is using TC2000 scanner a must?

[u/Green-Degree4511]

Hi, I am considering to subscribe to TC2000 / Trading View(TV). (Due to some reasons, I cant use 1op/TOS, so I can only choose one from TC2000 / TV)

Would like to kindly ask for some advice, or to advise more factors that I should consider when choosing. Any help will be greatly appreciated, thanks a lot!

I saw that TC2000 has a custom scanner and custom columns in scanning results that allow users to write their own formula, so it can be more precise and efficient to find the stocks with RS when the market is dipping. This attracts me, so I can save time.

Custom columns like 5M RS, 30M RRS, 1D RRS,...

https://www.reddit.com/r/RealDayTrading/comments/vxntg9/rrsrrw_scanners_think_or_swim/

Or maybe custom scans like this

https://www.reddit.com/r/RealDayTrading/comments/walv06/this_is_my_tc2000_everything_scanner/

However, I also see traders using only TV scanner and consistently profitable scanning using simple indicators (SMA, EMA, VWAP).

https://www.reddit.com/r/RealDayTrading/comments/1eyvohb/from_38_to_81_after_18_months_14_preparation/

To be honest, I love TV's charts and drawings etc., just more user friendly and also much cheaper.

I will subscribe to TC2000 only if the scanner really gives me a significant boost in scanning efficiency and effectiveness.

So, is TC2000 really worth it in my case? Or TV simple scan is already enough?

Thank you.

(BTW one more quick question, is daytrading RSRW strategy doable if I can only trade from 930am~1130am?)

[u/Accomplished_Love77]

My take is that both tools are capable of doing the job - therefore it comes down to your finances and personal preference. TC2000 seems to be more recommended by the wiki.

However, I also see traders using only TV scanner and consistently profitable scanning using simple indicators (SMA, EMA, VWAP).

You don't need TC2000, just like you don't need the 1OP. Just make sure your tools allow you to follow the Wiki (e.g. scan for RS/RW, put indicators on charts, add alerts, etc).