We have used archival Hubble Space Telescope (HST) observations obtained with the Advanced Camera for Surveys (ACS) to study the Hα emission properties of main sequence (MS) stars in the globular cluster 47 Tucanae. An accurate photometric measurement of their Hα equivalent width, allows us to identify objects with large Hα emission. We demonstrate that this method allows us to identify and characterise candidate cataclysmic variables (CVs) with high efficiency, reconciling observations with theoretical predictions on the number of dynamically formed CVs expected in a 47 Tucanae-like globular cluster.