Scalping Strategy with Flow Data (Currently Testing)

MasterSteve

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Do you recommend to buy as soon as market opens or wait till it pulls back?
Thanks.
The intention of this watchlist is to bring to your attention a few possible movers every morning. From there, its up to your trading strategies and risk tolerance to see what strike/expiration you'll take.
 

MasterSteve

Well-known member
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How do I get access to it?

Copied from a previous answer I wrote,

So we come up with the watchlist every day using the blastoff indicator https://usethinkscript.com/threads/blast-off-indicator-for-thinkorswim.621/ on our tech watchlist.
Here's the latest code for it.

https://tos.mx/ajuPLf7

You can set up a scanner with that and set the condition to be if the blastoff indicator is True. Then set it up running from a watchlist of your choosing and it'll print out a list of the expected movers for the next day. From that watchlist, I like to look at the flow for the day and see if there is any unusual flow or expected momentum that we could see for the next day. I'll take out anything that doesn't have much option flow or doesn't look interesting to watch for the next day. Then I'll post the results.
 

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