Croesus
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Posts posted by Croesus
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Is there a way to create a scan for unusual/increased volume option trades?
For example a single trader takes a large position in an options contract of 300k
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Are we looking at adding any Gann tools, say Gann squares 52, 90, 120, 144, etc.
Or a Gann square with functionality to make it any square.
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So the premise is that a squeeze is a continuation pattern within a trend when volatility is reduced (Boll inside Keltner), when you compress something for long enough the pressure needs to be released and we move to high volatility. A move in the direction of the preceding trend 70 -80% of the time.
Therefore the scan is looking for a period where we have a squeeze on a weekly chart and an inside squeeze on a daily chart indicating multi-time frame compression and thereby increasing the probability of a move generally 7 to 8 bars of the relevant timeframe. So you can see with a weekly squeeze supporting a daily squeeze the probability of a move increases.
Weekly
Daily Squeeze Fires and BOOM
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Hi Jerry
and thanks Vectormix for the information.
here is a potential semicup code, Wealthlab code so no sure if they help.
http://www2.wealth-lab.com/WL5Wiki/TASCApr2011.ashx
using System; using System.Collections.Generic; using System.Text; using System.Drawing; using WealthLab; using WealthLab.Indicators; using TASCIndicators; // requires version 2011.4.0.0 min
namespace WealthLab.Strategies { public class SemiCupDetector : WealthScript { StrategyParameter _minCupBars; StrategyParameter _reversalPct;
public SemiCupDetector() { _minCupBars = CreateParameter("Min Cup Bars", 20, 20, 100, 10); _reversalPct = CreateParameter("Pk Rev. %", 5, 0.5, 8, 0.5); }
protected override void Execute() { DataSeries peakBars = PeakBar.Series(Close, _reversalPct.Value, PeakTroughMode.Percent); SemiCups semiCups = new SemiCups(this, _minCupBars.ValueInt, peakBars); // semiCups.ProcessSemiCups(); // not required for TASCIndicators 2011.4.0.1 semiCups.Draw(); int bar = Bars.Count - 1; // Scan for current pattern foreach (KeyValuePair<int, SemiCup> kvp in semiCups.Cups) { SemiCup sc = kvp.Value; if (sc.Active && sc.Status[bar] == CupStatus.SemiCupDetected) BuyAtMarket(Bars.Count); } } } }As another potential scan using current indicators what about a
TTMSqueeze scan and one
using TTMSqueeze on different timeframes as per say: A weekly squeeze and daily squeeze concurrently
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Hi Jerry,
what about a scan for Gartley 222 or butterfly patterns.
Cup and Handle, flags or pennants
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Hi Jerry,
great to see you are back I've been using the old quote tracker for years.
Can I have access to the MT Beta Download.
Thanks
Scan for increased volume in options
in Scan and Paintbar Help/Discussion
Posted
Difficult, I found some information on Barchart and trying to work with that whilst investigating other sources...
Thanks anyhow Jerry