Seeking Assistance: Analyzing GME Short Sale Volume with Keltner
Hi TradingView Community,
I'm reaching out to this knowledgeable and vibrant community for assistance in analyzing the short sale volume of GameStop (GME) on a monthly basis. My goal is to gain deeper insights and potentially identify trading opportunities based on this data.
Current Analysis Setup:
Indicators in Use:
Keltner Channels: I’ve been using Keltner Channels to gauge the volatility and potential breakout points for GME. The channels are set with a 20-period EMA and a 2x ATR multiplier.
EMA Crossovers: Additionally, I'm observing the crossover of two EMAs (Exponential Moving Averages) - specifically, the 50-period and 200-period EMAs. These crossovers often signal potential trend changes and are crucial for timing entries and exits.
Areas I Need Help With:
Short Sale Volume Analysis:
I'm looking to understand the impact of monthly short sale volume on GME’s price movements.
How does an increase or decrease in short sale volume typically affect the stock's performance?
Are there specific patterns or trends in the short sale data that correlate with significant price movements?
Combining Indicators:
How can I effectively combine the insights from Keltner Channels with the EMA crossovers to improve the accuracy of my trade signals?
For those who have experience with these indicators, what are the best practices for interpreting signals from Keltner Channels in the context of short sale volume?
Identifying Key Levels:
What key levels should I be watching based on the interaction between the short sale volume, Keltner Channels, and EMA crossovers?
Are there historical precedents or case studies where these indicators have successfully predicted major price movements in GME or similar stocks?
Example Chart:
Below is an example chart illustrating my current setup, with the Keltner Channels and EMA crossovers:
Call to Action:
I greatly appreciate any insights, analyses, or resources that the community can share. Whether it's past experiences, detailed explanations, or even annotated charts, all contributions are welcome!
Thank you in advance for your support and expertise.
Yours truly
StrangleManiac
Shortsalevolume
BBBY Volume and Short Sale Volume comboWith all the chatter about BBBY. I had to check it out and see where it stands on the price chart. Per trading regulations for Institutional traders. Stocks are supposed to be sold short on UpTick days. I think that is a bit of a misleading technicality. We can see the highest TICKQ readings for BBBY don't correspond with anything significant in the price action. Perhaps simply using the Volume Histogram and the Short Sale Volume Histogram and searching for a combination up Up days in Price and high volume of Short Sale Volume on the daily Close level. historically this would have been useful to see the levels Institutional players were selling from. Seems rather useful. NASDAQ:BBBY
