The Gap Tool identifies unusually volatile large cap stocks that have gapped up/down by more than 1.0% pre-market.
Scanners are great, but sometimes they can be inconvenient because:
This tool takes all the great parts of a scanner (i.e. helping you find profitable trades) and eliminates the inconveniences too.
The Gap Tool identifies unusually volatile large cap stocks that have gapped up/down by more than 1.0% pre-market. It then pushes alerts to your phone and laptop as a Discord message accompanied by a screenshot of the chart at the instant of the alert and a link to the chart on TradingView (Figure 1).
This tool will hopefully help identify potential gap trades. What’s that?
Gaps in a stock chart occur when the price of a stock moves suddenly up or down, usually in response to news outside of market hours. In some cases, these gaps don’t last — rather, they’re “filled” as trading action brings the price back towards the previous close. These gap fills present opportunities for trading. (Center Point Securities)
TL;DR although gaps don’t always fill right away, they often do. Thus, they can be high-probability trades to start off the day.
The best part is that this tool is completely free. Just join ScaleTrade’s free Discord server here to get access.
ScaleTrade is a fast-growing trading technology startup founded by Andre (AI/ML engineer and data scientist), Conor (quantitative developer), and Matthew (managerial consultant and community manager).
All three founders want to leverage their decades of combined experience to build valuable tools for the trading community. But, we need your help. We need to know what the biggest pain points are for pro-level traders so that we can inform the next tool that we build.
We figured the best way to get as much feedback as possible, as fast as possible, was to make a free Discord that anyone can join. But, it’s ideal for a serious trader with $30k-$500k in account balance who has a structured trading system. If that’s you, come tell us the most time-consuming part of your trading process, and let’s see if we can build you a custom tool to automate it, all for free. See you there!