Tradingview Penny Stock Screener: A Step-by-Step Tutorial for Investors

Tradingview Penny Stock Screener: A Step-by-Step Tutorial for Investors

The TradingView penny stock screener is the built-in stock filtering tool inside TradingView that lets you scan across exchanges worldwide using both technical and fundamental criteria. Unlike most broker-native screeners, TradingView covers a wide range of international exchanges and offers a meaningful set of fundamental indicators even on the free plan. For penny stock hunting, this combination of global reach and fundamental data makes it one of the more capable free starting points. This tutorial walks through the exact steps to configure it, the filters that matter for value investors, and where TradingView's data quality requires you to cross-check before acting.

Key Takeaways

• The TradingView penny stock screener is accessed through the "Stock Screener" tool under the Charts menu or directly at tradingview.com/screener.
• TradingView covers over 50 exchanges globally, which means you can screen for penny stocks on U.S., European, and Asian markets from a single interface.
• Fundamental filters available on TradingView include P/E, P/B, EPS, revenue, dividend yield, ROE, and net income, covering the most important value metrics.
• TradingView does not offer operating cash flow filters or a multi-factor quality composite score, which limits how deep you can go without supplementing with another tool.
• The free TradingView plan limits you to a small number of saved screeners. The Pro plan removes this restriction and adds more filter combinations.
• Value investors should treat TradingView as a first-pass discovery tool, then verify any candidate in the ValueMarkers screener where 120+ indicators are available for a more complete fundamental picture.

Understanding TradingView's Screener Architecture

TradingView's screener pulls data from its own financial data provider, which aggregates from multiple sources including exchange feeds and third-party financial data vendors. Data quality is generally reliable for large-cap stocks on major exchanges. For penny stocks specifically, there are two important caveats.

First, fundamental data for stocks with irregular reporting cycles, common among very small companies, can be delayed or incomplete. If you see a P/B or P/E reading that looks implausible, verify it against the company's actual filings before drawing any conclusions.

Second, TradingView's screener includes a mix of exchange-listed and OTC stocks depending on how you configure the exchange filter. For value analysis, restricting to exchange-listed names, where SEC reporting requirements apply, produces more reliable data.

With those caveats in mind, TradingView remains one of the most capable free tools for penny stock screening, particularly because of its international exchange coverage.

Step-by-Step: Setting Up the TradingView Penny Stock Screener

Step 1: Access the screener. Go to tradingview.com/screener in any browser. You do not need a TradingView account to use the screener, but creating a free account lets you save your filter configurations.

Step 2: Set the market. In the top-left dropdown that defaults to "United States," select your target market. For U.S. penny stocks, keep "United States." For international penny stocks, select the specific exchange or country. You can run multiple markets by repeating the screener setup for each.

Step 3: Add the price filter. Click "Add filter+" in the filter bar. Search for "Close" or "Price" in the filter search box. Set the condition to "Less than" and enter 5. This captures the standard penny stock universe. If you want sub-$1 stocks specifically, set the maximum to 1.

Step 4: Add a market cap floor. Click "Add filter+" again and search for "Market Capitalization." Set the condition to "Greater than" and enter 10,000,000 (ten million). This filters out shell companies where there is effectively no real business.

Step 5: Add a volume filter. Add a filter for "Volume" and set it to greater than 100,000 (daily average). Penny stocks below this volume threshold typically have bid-ask spreads that make execution expensive regardless of how good the analysis is.

Step 6: Add a P/B ratio filter. Search for "Price to Book (annual)" in the filter list. Set it to "Less than 3." This ensures you are not paying a significant premium to the book value of assets, which is especially important for penny stocks where growth prospects are uncertain.

Step 7: Add a ROE filter. Add a filter for "Return on Equity (TTM)" and set it to "Greater than 0." This eliminates companies currently destroying book value, which is a high-risk category in the penny stock universe.

Step 8: Sort the results. In the results table, click the "P/B" column header to sort ascending. The stocks at the top of your list now have the lowest price-to-book ratios while passing all other filters. These are your starting candidates.

Step 9: Review each candidate. Click any stock in the results to open its TradingView chart. In the "Financials" tab below the chart, review revenue, net income, and EPS trends over the past four quarters. A company with declining revenue and worsening net income requires a specific catalyst to justify ownership.

The Full TradingView Penny Stock Filter Configuration

This combination typically returns 30-80 stocks in the U.S. market, depending on market conditions. In a broad market selloff, more names meet the P/B criterion because prices fall faster than book values.

TradingView vs. Other Penny Stock Screeners

TradingView's main advantage over broker-native screeners like Webull's is international coverage and the ability to create custom Pine Script-based alerts. Its main limitation compared to dedicated fundamental screeners is the absence of operating cash flow as a standalone filter.

The pattern is clear. TradingView covers more ground than Webull for value-oriented fundamental filters, but neither reaches the fundamental depth that a dedicated screener built specifically for value analysis provides.

How to Read TradingView Financial Data for Penny Stocks

TradingView displays financial data in a table format that can be confusing if you are used to broker platforms. A few navigation tips:

TTM vs. Annual: TradingView often shows both TTM (trailing twelve months) and annual data. For penny stocks, use TTM because annual data may be one to four quarters stale. Penny stock businesses can change significantly in one quarter.

Diluted vs. Basic EPS: TradingView shows diluted EPS by default. For penny stocks with convertible notes or stock option plans, the diluted share count can be meaningfully higher than the basic share count, which deflates EPS. Always note whether a penny stock has outstanding convertibles.

Revenue recognition timing: Some small companies recognize revenue in lumpy patterns. A penny stock with one large contract may show strong revenue for two quarters and nothing for the following two. Look at the four-quarter sum before drawing conclusions from any single quarter.

Applying the Value Framework to TradingView Results

Once you have your filtered list from TradingView, the analysis framework is the same as for any value stock. Berkshire Hathaway's B shares (BRK.B) trade near a P/B of 1.5 and P/E of 9.8, illustrating how quality businesses can trade below the market multiple. Johnson and Johnson (JNJ) at a P/E of 15.4 with a 3.1% dividend yield shows what asset-backed profitability looks like over time. Penny stocks rarely match these fundamentals, but they can trade at P/B ratios of 0.3 to 0.8 with positive operating cash flow, which represents a genuine asset discount.

The question to ask for every TradingView result is: what is this business worth in an orderly liquidation, and what am I paying relative to that? If the answer is that you are paying 50 cents for a dollar of assets and the business is cash-flow positive, the position has a margin of safety even if the growth story is unclear.

For a deeper valuation check, take any TradingView candidate to the ValueMarkers DCF calculator, where you can model four different intrinsic value methodologies on the same stock before committing capital.

Common TradingView Penny Stock Screener Mistakes

Mistake 1: Filtering by technical indicators alone. TradingView's default screener templates often prioritize RSI, moving average crosses, and candlestick patterns. These are chart-reading tools, not fundamental value tools. For a penny stock at 30 RSI, the stock may be "oversold" technically while the underlying business is in terminal decline. Technical filters alone tell you nothing about whether the business is worth owning.

Mistake 2: Not adjusting for exchange quality. If you run the screener across all exchanges and see a $0.30 stock on an emerging market exchange with a P/B of 0.2, the apparent value may reflect accounting standards that inflate book values rather than genuine asset backing. Restrict to exchanges with enforced GAAP or IFRS accounting when building a fundamental screen.

Mistake 3: Ignoring the sector context. A P/B of 0.5 means very different things for a manufacturing company (with real physical assets on the balance sheet) versus a software company (where book value is mostly intangibles and cash). Apply P/B filters with sector context.

Mistake 4: Trusting a saved screener without refreshing. Market conditions change. A filter that produced 40 quality results three months ago may produce 200 results after a broad market decline, because many more stocks now trade below the P/B threshold. Review your screener results monthly, not as a set-it-and-forget-it process.

Further reading: SEC Investor.gov · FINRA

Why tradingview screener filters Matters

This section anchors the discussion on tradingview screener filters. The detailed treatment, formula, and worked examples appear in the body of this article above. The points below summarize the most important takeaways for value investors who want to apply tradingview screener filters in real portfolio decisions. ValueMarkers exposes the underlying data on every covered ticker via the screener and stock profile pages, so the concepts in this article translate directly into actionable filters.

Key inputs for tradingview screener filters

See the main discussion of tradingview screener filters in the sections above for the full treatment, including the inputs, the calculation methodology, the typical sector benchmarks, and the most common pitfalls to avoid. The ValueMarkers screener lets value investors filter the full universe of 100,000+ stocks across 73 exchanges using tradingview screener filters alongside the rest of the 120-indicator composite, with sector percentiles and historical trends shown on every stock profile.

Sector benchmarks for tradingview screener filters

See the main discussion of tradingview screener filters in the sections above for the full treatment, including the inputs, the calculation methodology, the typical sector benchmarks, and the most common pitfalls to avoid. The ValueMarkers screener lets value investors filter the full universe of 100,000+ stocks across 73 exchanges using tradingview screener filters alongside the rest of the 120-indicator composite, with sector percentiles and historical trends shown on every stock profile.

Related ValueMarkers Resources

• Pb Ratio — Glossary entry for Pb Ratio
• Pe Ratio — Glossary entry for Pe Ratio
• Roe — Glossary entry for Roe
• Penny Stock Screener — related ValueMarkers analysis
• Webull Penny Stock Screener — related ValueMarkers analysis
• How To Use Stock Screener — related ValueMarkers analysis

Frequently Asked Questions

what happens if the stock market crashes

During a stock market crash, penny stocks fall harder and faster than the broad market. They have no institutional support floor, and retail investors who own them tend to exit at the first sign of market stress. A 35% S&P 500 decline can translate to 60-90% losses in a concentrated penny stock portfolio. The value investor's response during a crash is to use TradingView's screener to find names where price has fallen below book value while fundamentals remain intact, because those post-crash conditions are when penny stock opportunities are most genuine.

what time does the stock market open

U.S. equity markets open at 9:30 a.m. Eastern Time, Monday through Friday. TradingView displays pre-market and after-hours prices for U.S. stocks, starting as early as 4:00 a.m. Eastern. For international penny stocks on European exchanges, trading typically begins between 8:00 and 9:00 a.m. local exchange time. TradingView's chart view shows you the exact session hours for each exchange when you view an individual stock.

are stock markets closed today

U.S. stock markets are closed on nine federal holidays each year, plus occasional additional closures declared for national observances. TradingView displays "Market Closed" status directly on the chart when the relevant exchange is not in session. For a full schedule of U.S. market holidays, the NYSE publishes an official calendar at nyse.com updated annually.

what time does the stock market close

U.S. markets close at 4:00 p.m. Eastern Time on standard trading days. TradingView tracks post-market trading through 8:00 p.m. Eastern for eligible U.S. securities. For penny stocks, the most useful data from TradingView comes from regular session hours. Post-market penny stock prices on TradingView often reflect single trades at wide spreads and are not meaningful for valuation purposes.

when does the stock market open

NYSE and NASDAQ open at 9:30 a.m. Eastern Time. TradingView automatically adjusts chart display based on your local time zone setting, so if you are outside Eastern Time, confirm the market open time in your local equivalent. The screener pulls data as of the most recent trading session close, so running a penny stock screen in the pre-market will show the previous day's closing data until the current session closes.

why is the stock market down today

Markets fall when earnings disappoint, when the Federal Reserve signals higher interest rates, when inflation data surprises to the upside, or when geopolitical events raise uncertainty about global trade and economic activity. Penny stocks react to broad market moves more than to their own news in most cases, because their investor base is dominated by retail traders who respond to general sentiment. TradingView's news feed in the "News" tab of each stock page shows company-specific news that may explain why an individual penny stock is falling on a day when the broad market is flat or rising.

Use the TradingView penny stock screener as your first pass, then bring your shortlist to the ValueMarkers screener to apply operating cash flow, ROIC, and Piotroski F-score filters that TradingView does not offer.

Written by Javier Sanz, Founder of ValueMarkers. Last updated April 2026.

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Disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consult a licensed financial advisor before making investment decisions.