Can you write a list for me that I can give to another human being that describes how I trade so they can create me a customized indicator based on my trading style. I would like them to improve the chandelier exit for me to fit my trading needs. I Tray high relative volume above average volume stocks and have already made high percentages. The cost is below $20 per share. There is less than 10 million shares available to trade. my style is I start at 9:30 AM And ride momentum of opening market till it peaks and then I sell for a quick turnaround

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Can you write a list for me that I can give to another human being that describes how I trade so they can create me a customized indicator based on my trading style. I would like them to improve the chandelier exit for me to fit my trading needs. I Tray high relative volume above average volume stocks and have already made high percentages. The cost is below $20 per share. There is less than 10 million shares available to trade. my style is I start at 9:30 AM And ride momentum of opening market till it peaks and then I sell for a quick turnaround.

6/28/2024 01:03pm

Aime

To create a customized indicator for your trading style, we should focus on refining the Chandelier Exit for quick turnaround trades, considering your preference for high relative volume, affordable stocks, and starting at 9:30 AM.

Define Peak Momentum Period: Since you start trading at 9:30 AM and aim to capture momentum until it peaks, the indicator should focus on the early trading hours. Set the indicator to monitor the trading volume during this period.
Set Volume Threshold: To identify high relative volume stocks, set a threshold for volume that is above the average volume for the stock. This can be based on a percentage or an absolute number of shares traded.
Affordability and Liquidity Criteria: Maintain the criteria of a stock price below $20 and less than 10 million shares available to trade to ensure affordability and liquidity.
Chandelier Exit Modification: Adjust the Chandelier Exit to trigger when the volume falls below the defined high relative volume threshold or when the stock price reaches a certain percentage of its opening price. This will help you exit trades quickly when momentum slows down.
Backtest and Optimize: Have the indicator backtested on historical data to verify its effectiveness for your trading style. Optimize the parameters to ensure the best performance based on your trading preferences.

Provide this list to the person creating the indicator, and they should be able to develop a customized Chandelier Exit tailored to your trading needs.