What does BTFD stand for?

[cherif]

I am looking at the market sentiment tab. what does BTFD stand for?

 

[BenTen]

buy the f'n dip

 

[cherif]

Thank you. But based on what metric?

 

[BenTen]

@cherif Based on our internal data.

 

[Ramesh16]

Very nice. is it possible to add put call ratio?

 

[BenTen]

@Ramesh16 Option Purchase is Put Call ratio

 

[horserider]

Hmmmm never heard internal data with that name. What is the data being used?

 

[BenTen]

@horserider It's a set of calculations that we use, and we just named it BTFD. That's probably why you never heard of it lol although "btfd" is a popular term among stock traders.

 

[tradebyday]

@BenTen So you btfd when it is at or below zero?? At least on principle?

 

[BenTen]

@tradebyday That is correct.

 

[Playstation]

which means now 0.9 points away from the bottom? a recovery soon?

 

[Ramesh16]

Thank you Ben!

 

[cherif]

@BenTen is it portable to thinkorswim??? Can it populate there?

 

[Playstation]

this is not an tos indicator