Will do!Thanks @MasterSteve. If there are any changes, can you post here? I'm starting to look at this and I'll share my experience.
Will do!Thanks @MasterSteve. If there are any changes, can you post here? I'm starting to look at this and I'll share my experience.
Check out our Buy the Dip indicator and see how it can help you find profitable swing trading ideas. Scanner, watchlist columns, and add-ons are included.
Thank you for sharing - I look forward to following your work on this.@BenTen and I have been working on different ways to incorporate unusual options flow into our trading. The majority of work I’ve done with flow so far is related to swing trading, but it can also work for scalping as well. Here’s how this strategy works: Ben and I keep a watchlist of mostly large cap tech stocks that we usually watch and trade. I scan this watchlist every day after hours for notable option flows and make a watchlist of any that are likely to move the next day and in what direction.
This is different from my other UOA work because I am only scanning tickers we are familiar with, not scanning the whole market. Meaning I may not see unusual flow, but I can see if one side has more interest than the other. The goal for this strategy is for scalp trading only. I expect to see a move the very next day, or I’m out of the trade. The data we’ve gathered has been interesting so far and we thought we’d share what we’re working on with the site. We’ve gotten a fairly good success rate on picking stocks that move, but we’re still working on picking the right direction. I think the next stage of this will be to confirm our direction with flows in the first 15 minutes of the day, but that’s hard to track and watch in real time.
I’ll try and post an update at the end of the day with a recap. We’re still in the early stages of this and paper trading, but plan on eventually using this data to trade real money.
Do you use Blast off indicator for scanning? What time period you running blastoff indicator?Watchlist for December 4th, 2020
ADBE
DIS
MSFT
GOOGL
Thanks Ben@srinathgnath That's correct. The scanner should be set to D (Daily).
VTR is a momentum indicator that shows if a stock is overbought or oversold based on its Weekly and Monthly average volatility trading range.
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