(Part Fix Deployed) Broken Feature in ScanX - Market Cap and Filters - Important

Hi @Naman @PravinJ

There are bugs in ScanX, which really didn’t come to any attention all this while, but only after switching to TradingView screener, I find the product is unrefined and these 2 bugs are the major ones that is hampering the usability and experience:

(1) Market Cap Filter

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When selecting a minimum market cap, let’s say x>1000crs but with no upper limit, it automatically gets set to the highest market cap value (Reliance) for that day, but when next day the market cap increases, that stock goes out of the screener, such as Reliance, HDFC Bank and thus it has caused many missed trades.

(2) SMA5 and FII Columns

When I save a filter without these, it says out of the criteria but when I edit the screener, these automatically appears out of nowhere even though I don’t use this, and many a times hurridely I have based my trades on SMA5 which was not supposed to be there at all.

These bugs need addressing early.

Hi @thisisbanerjee Valid feedback, we will work on this.

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I’m now encountering more critical bugs. @PravinJ @Naman

After a deeper test yesterday, it seems ScanX can’t capture all the scans even under basic conditions, unlike Chartink or TradingView Screener.

My extensive testing over three days reveals that ScanX repeatedly misses many stocks when more than three screener criteria are applied.

Here’s a breakdown of the stock capture rates for ScanX, Chartink, and TradingView Screener, for the same criteria:

ScanX :point_down:t2:
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Chartink :point_down:t2:
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TradingView Screener :point_down:t2:
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At any given time, ScanX routinely overlooks 20-23% of criteria-positive stocks.

@PravinJ @Naman

Sir, I’m reaching out again regarding the issue that’s been causing problems with my scans and trades.

Given its impact, I’d be very grateful for an update on when a resolution might be expected.

Hello @thisisbanerjee

Noted the first two points that you mentioned. We will deploy fix on these soon, we are checking these at our end.

On the second one, can you help me with the conditions that you are trying on? It will be faster to debug the issue and replicate the same across platforms. Also, we can revisit our internal logics and make sure there are no mistakes. You can share the filters over DM if you wish.

Hello @Hardik

Appreciate it. I am sending you the scan criteria via DM, kindly check with these criteria across all the platforms and you’ll notice it. Thanks!

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Hi @Hardik @PravinJ

I created a NSE Total Market Index screen on ScanX, and as far as I know the index is based on a total of 750 stocks.

On ScanX, it shows that the index has 836 stocks today and yesterday also something similar number was showing up.

I believe this has also something to do with this and I think an internal revisit on the scan algorithms would be appreciated.

Hey @thisisbanerjee

Yes, we are working on resolving this issue. This will be fixed in upcoming builds, will keep you updated.

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Hey @Hardik @PravinJ

I understand you all are working hard, and I truly respect that. But it’s been nearly two months now — is there any update or ETA on the resolution? I’m currently relying entirely on ScanX for all my scanning needs, and each day I’m missing out on roughly 25% of potential opportunities that could have been real money makers. It’s starting to take a toll. Would appreciate any clarity you can provide.

Additional to the existing issue, I just wanted to make you aware that for basic filters such as NSE500, there are 502 results to 505 results coming up and these extra results are coming up, because duplication is happening in the list.

Hope this can be fixed soon @Hardik Thanks!

Hey @thisisbanerjee

I understand. Taking this up on immediate priority.

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Hello @Hardik @PravinJ

Just wanted to share a quick update and extend my thanks.

Firstly, I really appreciate the fixes you’ve deployed—the filters are now working perfectly. NSE 500 is showing 500 stocks, Nifty Microcap 250 is showing 250 stocks, and Nifty Total Market is showing 750 stocks exactly as expected.

I’ve also noticed a clear improvement in the scan results. Earlier, it used to miss around ~22% of stocks, but now that’s down to about ~15%, which is a solid step forward.

Looking ahead, I’m hopeful the multi-query screener can be fine-tuned further to bring it closer to the output quality of TradingView Screener and Chartink, so that it misses out on 0-1% of the results which is the industry standard.