Good Day,
I would like to ask the community, hopefully seasoned members, professional traders, institution traders, mods, etc. a question about approach when it comes to scanning.
Do professional/institutional traders use just regular hour data, extended hour data, or a combination of both?
I have a set of:
1) (short term) intraday scans that include MA's (for example): (8ema>34ema).
2) (long term) intraday scans (2hr) (which are based daily equivalents).
3) Volume scans that are daily in nature.
Do institutions likely use 'regular' hour scans, 'extended hour' scans, or a combination of both?
Currently I have some scans set for regular hours (for example, item#1 above), and some to extended hours (item #2 above).
If you could briefly, please explain why one should choose one vs another, it would help.
Everyone is doing so many things on the site.
I want to do the right thing.
Thank you!
I would like to ask the community, hopefully seasoned members, professional traders, institution traders, mods, etc. a question about approach when it comes to scanning.
Do professional/institutional traders use just regular hour data, extended hour data, or a combination of both?
I have a set of:
1) (short term) intraday scans that include MA's (for example): (8ema>34ema).
2) (long term) intraday scans (2hr) (which are based daily equivalents).
3) Volume scans that are daily in nature.
Do institutions likely use 'regular' hour scans, 'extended hour' scans, or a combination of both?
Currently I have some scans set for regular hours (for example, item#1 above), and some to extended hours (item #2 above).
If you could briefly, please explain why one should choose one vs another, it would help.
Everyone is doing so many things on the site.
I want to do the right thing.
Thank you!