Remek! Market Scanner Pro: your guide to the markets
What the columns mean
Instrument: name of instrument
Day: number of days till futures contract expiry
RRR (Remek! Relative Returns): identifies unusual moves as measured in standard deviations. Values larger than +2 are marked in green, values less than -2 are marked red. We use it on dialy charts. Large movers of the previous day tend to remain volatile in the current session, giving us trading opportunities. (Notice that measuring volatility in standard deviation normalizes values across instruments.)
RIB 1 = inside bar (daily), IB 2 = two consecutive inside bars. Data supplied by Remek! Inside Bar.
HZ (Hotzones): Any consolidation areas (pullbacks) that fall within this zone are potentially significant and deserve attention.
Setup: Momentum setups as identified by the Remek! Momentum Pro algorithm on the 240min timeframe.
Signal: Momentum signals (triggers) as identified by the Remek! Momentum Pro algorithm on the 240min timeframe.
KSc (Keltner Score): Position of price as compared to the Keltner Channel. Values above +1 are outside the upper Keltner Channel, values less than -1 are outside the lower Keltner Channel. A value larger than +1 or less than -1 often sets up a mean reversion move, which may then yield a trend-following trading opportunity within the Remek! Momentum system. Data supplied by RM Pro.
RRS (Remek! Relative Strength): Remek! Relative Strength accurately identifies assets/instruments that outperform (or underperform if the value is less than 100) the market on an annual basis. The value of 100 equals the S&P500.
USD (Remek! Converter): 1ATR equals this many USD on the daily timeframe. An objective measure of risk.