We have added a few more instruments to our watchlist, so this is a good time to review what these columns mean and how you can use them in your trading.
Instrument: your friend
Days: number of days left from the contract
RRR: Remek! Relative Returns. Identifies increased momentum or unusually large moves on the daily timeframe (readings of >2 and <-2 σ). And we want to trade instruments that move.
RIB: inside bar(s)
HZ: hotzones aka presence of persistent momentum. Consolidations in this zone deserve attention.
Setup: Trade setups (i.e. consolidation areas in trends) as identified by our methodology on the 240min timeframe.
Signal: The re-emergence of momentum out of consolidation areas (aka triggers or signals) as identified by our methodology on the 240min timeframe.
KSc: position of price within the Keltner Channel on the daily timeframe (>1 above the upper Keltner, <-1 below the lower Keltner). Near or outside the Keltner means the instrument is on the move. Which is what we want.
RRS: Remek! Relative Strength with a 365 day lookback
USD: Daily ATR in USD, courtesy of Remek! Converter. Crucial risk management information for every trader.
Most of Remek! Market Scanner Pro (except for the last two columns, which are available as separate indicators) is included with our Remek! Cheetah products.
Further reading: https://www.remek.ca/momentum-part-4-monitoring-markets. (Sign up if you haven’t yet to access the page.)