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Closed This request is closed. You can still comment, but it stays closed unless the team reopens it. Scanners

Scalper Algorithm for Base Scanner

Suggest: Base scanner algo for Scalpers.

The base scanner does not identify bounces which occur after pumps. These pumps are often accompanied with volume and avail day traders (scalpers in particular) quick opportunities for profit. In the image, A8 was a massive pump on coinbase with volume and with bases on the 1 hr chart (the first one was a 24% bounce on the 1hr chart!) which were not picked up by the Day Trader algo. The "Original" algo did eventually pick up the second base, but by then the volume and opportunity had died down.

I understand that pumps are often followed by dumps, but this is understood by Scalpers but most of the time if it's a dump, there will be no bounce/base for the scanner to pick up anyways. If there IS a bounce, it means there are buyers present and Scalpers would like to know when that happens and the tool shouldn't decide a bounce wasn't valid just because it was preceded by a pump - after all, bounces require price appreciation at a some point prior.

Suggest a "Scalper" algorithm which is far less discriminatory on the bases and is able to identify bounces even if a pump preceded them. It would be best to identify bases even on the 15 minute chart. These are some of the most fun bounces to play because they are not slow to resolve - instead of holding coins for days, one is holding them for an hour or two or even less sometimes - hence, the Scalping.

Please see the A8 (Ancient 8) coin on Coinbase for 15th & 15th of March 2025 for example. Yes, NOW there is a base identified, but the buyers are mostly gone and it's a slow bleed ATM. The Scalper algorithm would have caught bounces like these - it would be higher on the risk curve, yes, but this is understood among scalpers, just as day trading is higher risk than position trading typically.

Suggested over 1 year ago

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