Scanning for "good" Bookmap tickers
Posted: Wed May 20, 2020 1:02 pm
Hey community,
I'm curious if anyone's found a way to do pre-market scans for stocks that end up looking good on Bookmap.
I've attached some examples of what "good" looks like to me. It comes down to how distinct the high liquidity levels are and if they are reacted to by the market.
It would be great to know if characteristics like "relative volume", "market cap", "atr", or anything is correlated with having distinct and tradeable liquidity levels.
Also, I just started looking at Bookmap, so if my examples of "good" are actually pretty horrible, don't tear me apart too bad.
Thanks,
tradewayne
I'm curious if anyone's found a way to do pre-market scans for stocks that end up looking good on Bookmap.
I've attached some examples of what "good" looks like to me. It comes down to how distinct the high liquidity levels are and if they are reacted to by the market.
It would be great to know if characteristics like "relative volume", "market cap", "atr", or anything is correlated with having distinct and tradeable liquidity levels.
Also, I just started looking at Bookmap, so if my examples of "good" are actually pretty horrible, don't tear me apart too bad.
Thanks,
tradewayne
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