Episodic Pivots

[Bingy]

So, recently I came across this interesting trading strategy that is utilized on stocks. Apparently it has over a 70% accuracy rate and has made the developer a substantial amount of money during their trading career. I wrote down all the key details about how the strategy works below. There is a portion of it that is done manually through Fundamental Analysis. Then, there is a Technical Analysis portion of the strategy. I was wondering if anyone would be interested in making an indicator that can quickly identify the Technical Analysis portion of the strategy to be utilized during Earnings Sessions, maybe even coupling it with a scan to make it even more efficient? Even if it's just auto plotting line on the chart and maybe a colored box for the gap ups that only appear if the gap is greater than or equal to 10%. And I'm not sure if there is a way to quickly identify on the chart if the stock has just been sideways for a substantial amount of time? Maybe some sort of threshold that draws a gray box around the candles if it's within a certain range? Not sure, but would like some help pulling this one off if anyone is down to help?



Fundamentals:

• Trade it only during earnings sessions

• Ideally earnings should be triple digit year over year (YoY) earnings and sales growth but mid/high double digits works really well too.


Technicals:

• Gap up of 10% or more

• Massive volume near the open. Ideally the stock should trade the average daily volume the first 15-20 minutes or even quicker

• Try to find stocks that have gone sideways for 3-6 months or more. It has to have a clean consolidation range to be considered a good set-up.

• Enter once the opening range highs break on the 5-minute chart

Stop:

Stop is always at the lows of the day

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