3.3.1 G-Scan Overview

3.3.1.1 G-Scan Overview

The G-Scan combines statistical information about recent price action in concert with the current value of the greeks to screen for stocks with the potential for notable continuations or reversals of trend. Clicking on a ticker will open a new tab with the trader dashboard for that ticker, allowing the user to more deeply explore the stock flows.

3.3.1.2 Technical Trends

The G-Scan has 4 different technical trends for both bullish and bearish behavior, for a total of 8 signals. The algorithm uses a 5-day lookback period of both day-over-day price movements and a combination of statistical greek historic data to classify trends and rank them for potential significance.

The top 4 lists are for identified bullish trends:

• Bullish Consolidation: Upward price movement followed by a period of low volatility. If the price is below delta neutral, it signals that it has notable room to continue up if it crosses. If the price is near gamma max, it suggests that the upward move could be short lived and could reverse in the future.
• Bullish Trend: Steady upward price movement. Similar to bullish consolidation, if the price is below delta neutral, there is notable room to continue upward. If it is near gamma max, there is an increased probability of a reversal, though riskier than bullish consolidation as gamma max could continue to push upwards.
• Breakout: Accelerating upward price movement. If the price is near or under delta neutral, there is an increased probability that the price will continue upward.
• Bullish Reversal: Price action that has gone from decreasing to increasing in a short period of time. Once again, if it is near or below delta neutral, there is an increased probability that it will continue upward.

The bottom 4 lists are for identified bearish trends:

• Bearish Consolidation: Downward price movement that has stalled. If this happens near delta neutral, there’s an increased probability that this consolidation will continue for an extended period of time.
• Bearish Trend: Negative, steady price action. Price significantly above delta neutral tend to move to DN but can bounce. Price that moves through delta neutral tend to continue for some time.
• Breakdown: Price is accelerating downward. If the price is significantly above delta neutral there is increased probability of a continuation downward.
• Bearish Reversal: Increasing price action has reversed and started declining. If near gamma max and significantly above delta neutral, there is an increased probability of a continuation downward.