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Welcome to the OneOption Glossary. The following definitions of terms and features used in Option Stalker Pro, Option Stalker, and the OneOption Chat Room.

Table Of Contents

Preconfigured Scanners

The following list contains the rules for OneOption’s Bullish preconfigured scanners. Bearish counterparts are defined by the same criteria in the opposite direction. This first set of searches are generic, but powerful and are titled Bullish and Bearish.

Pre-Open Gainers

Current bid is 50¢ higher than the previous day closing price. This search starts updating one hour before the open. Bearish counterpart: Pre-Open Losers


Net change ($) is at least $1.00. Bearish counterpart: Losers

After-Hours Gainers

This search updates after the close and the stock bid must be 50¢ greater than the closing price of the regular session. This search is particularly useful during earnings season when companies announce after the close. Bearish counterpart: After-Hours Losers


Both Today’s Open and the Last Price are higher than the previous day high. Bearish counterpart: Gap-Down

Earnings Tonight

The stock is up today and will post earnings after the close today or before the open tomorrow.

After Earnings

The stock posted earnings after the close yesterday or before the open today. It is above the prior day high and it has liquid options. This is excellent for finding post earnings plays.

Swing Section

The Swing section includes scanners with variables focused on longer timeframes. These scanners are useful for both swing traders and day traders who prefer to trade stocks with long-term directional support.

Green Royal Flush

This scanner identifies all symbols, excluding ETFs, with Buy Trade Signals across all timeframes, 20-day average volume > 1 million shares, Option Liquidity rating > -2, and price > Prior day High and >= $10. Bearish counterpart: Red Royal Flush


This is my favorite search… period. If I could only have one search this would be it. PopBull looks for stocks that have been on a compression and that are breaking out through horizontal resistance on heavy volume on a daily chart. These stocks are like a coiled spring and the breakouts typically result in sustained moves. I like selling bullish put spreads on these stocks, but if you have strong market tailwind you can buy calls as well. Bearish counterpart: PopBear

PopBull Plus

These stocks were on PopBull the day before and they have traded higher than the closing price the previous day. The stock has followed through buying the day after the breakout and you have another chance to buy it before it is removed from the list. Bearish counterpart: PopBear Prior

Buy Into Earn

These stocks tend to rally once they are less than 2 weeks from reporting earnings. They have done so more than 75% of the time over the course of the last 3 years. A new earnings release is within the next 2 weeks. These stocks are great for selling at the money bullish put spreads that expire before earnings. Bearish counterpart: Sell Into Earnings

Strong After Earn

These stocks have had earnings within the past 2 weeks and part of the Post Earnings Bull/Bear filter list. This search was designed to find stocks that have strong price action but that have not gotten too far out of the gate. They are trending higher and they are above the EMA (8). The stock is on a bullish D1 Trade Signal and it is Strong vs SPY using D1. Longer term indicators are used for this search and that is why the move should last longer. Since the moves are just getting started, support should be close by so use that as a stop. The move could last more than two weeks, but it should at least be able to tread water during that time. If you have a strong market tailwind consider buying a call spread. If the market is flat consider selling an out of the money bullish put spread. Bearish counterpart: Weak After Earn

Breakout Strong

The stock confirmed (closed above trendline) in the last 5 trading days for High- or High+. It is > the prior day’s high and the last is above the highest trendline if there is more than one, Strong vs SPY D1 and LRSI (.70 gamma) is > 80. Bearish counterpart: Breakdown Hard

Breakout x2

In the last two weeks (10 trading days) the stock has confirmed (closed above) two or more bullish trendlines (High+ and High- or High- x 2 or High+ x 2). It could also be on Bullish Reversal (described below) and have a High+ or a High- breakout. Any combination will work. Today the stock is > prior day’s close and the last is above the highest trendline breach. That price will be harder to preserve. Bearish counterpart: Breakdown x2

Bullish Reversal

The stock has been in the lower 10% of the 60-day range (same calculation as %60-day range in Custom Search) in the last (10 trading days) two weeks. In the last week (5 trading days) the stock traded through (intraday) or it closed below a bearish trendline (Low+ or Low-). Today the stock Last is above that trendline. Bearish counterpart: Bearish Reversal

Golden Cross

The stock 50-day MA was below the 200-day MA yesterday and today the 50-day MA is above the 200-day MA. Bearish counterpart: Death Cross

Bullish SMA Cross

SMA Cross – Yesterday the stock was below the 50-day MA and today it is above the 50-day MA or yesterday the stock was below the 100-day MA and today it is above the 100-day MA or yesterday the stock was below the 200-day MA and today it is above the 200-day MA. We are combining previous searches. Bearish counterpart: Bearish SMA Cross

Day Section

Day preconfigured scanners use shorter term search variables to identify short term movement. These are your day trading searches.

Heavy Buying

This search looks for stocks with high Option Liquidity rating with today’s volume > 120% the average. If the stock is on the bullish search it is also above the prior day’s high. This is a go-to day trading search on the opening bell. Bearish counterpart: Heavy Selling

Relative Str30

This search looks for the strongest 20 stocks relative to SPY in the last 30 minutes by a proprietary rating system with high 20-day average volume > 1 million and price between $20 and $500. When the market is down you should use this list to find stocks that have held strong or that are moving higher. When the market finds support these stocks will shoot higher. This is one of the most powerful tactics you can use. Bearish counterpart: Relative Weak30

Bullish Explosion

This scanner begins 1 hour after the open and finds stocks without earnings since the previous day close with very high 20-day average volume that satisfy proprietary strength requirements on the higher timeframes. They have exploded higher in the past 5 minutes on extreme volume to be included in the list, and you will also get a big popup alert for immediate notification. We want stocks that hold all of the gains of that 5 minute bar and ideally that move is also breaching horizontal resistance on a daily chart. When you have these elements you know that there has been a good news release. Don’t waste time – this stock will jump. Bearish counterpart: Bearish Explosion

Red Hot

This is another ranking system and these stocks have incredible strength today intraday on very high volume. They are above yesterday’s high, priced >= $5 and have a 20-day average volume > 2 million. Look for consecutive long green candles. When you buy, the stock should keep going. If you do not have a cushion in 10 minutes – exit. If the stock is going your way place a stop at your entry price and take gains along the way. This is a great search for option lottery trades on Friday. Bearish counterpart: Ice Cold

Short Squeeze

These stocks have a high short interest and are vulnerable to forced buy-ins. This search displays the stocks in this list that are above the prior day’s high and that have > 120% the 20-day average volume. These stocks once awoken can tend to run hard.


The stock is above a High- or a High+ trendline, the 20-day average volume is > 2 million shares, the stock price is > $5 and 1OVol is > 0. For an official breakout the stock has to close above the trendline. We are not requiring that. We want to catch it early and if the stock remains strong it could officially be triggered if it closes above the trendline. Bearish counterpart: Breakdown

Breakout Plus

The stock was on Breakout yesterday and it closed above the trendline. Today the stock is > Prior Day’s Close. Bearish counterpart: Breakdown Prior

M15 % Gain

The stock made a new high for the day in the last 5 minutes, has 20-day ave volume > 2 million shares, Heavy Volume Today, it is > $5 and it is > prior day high. We will show the top 30 results according to M15 % Gain listed in descending order with the largest % gain in the last 15 min at the top. Bearish counterpart: M15 % Loss

Custom Search Variables

These upper variables section of Custom Search and Custom Alerts are binary and timeframe specific. Swing traders should use the 2-hour, 4-hour and daily timeframes for their search variables. Day traders can also incorporate smaller timeframes.

Trendline (20)

If the upward sloping 20-period trendline is longer than the downward sloping trendline it is bullish. If it is shorter, it is bearish.

Trendline (20) Breach

If the stock is above the downward sloping 20-period trendline it is bullish. If the stock is below the upward sloping 20-period trendline it is bearish.

Trendline (60)

If the upward sloping 60-period trendline is longer than the downward sloping trendline it is bullish. If it is shorter, it is bearish.

Trendline (60) Breach

If the stock is above the downward sloping 60-period trendline it is bullish. If the stock is below the upward sloping 60-period trendline it is bearish.

Trade Signal

If our proprietary trading system is on a buy signal it is bullish. If the system is on a sell signal it is bearish. Marking multiple timeframes is very effective.

Trade Signal (New)

The system has just generated a new signal in the last two periods. This is very useful when attempting to catch a stock early in the move.


If the stock is moving higher while its 1OP descends, this is a bullish divergence and is a sign of strength. The opposite is true for the bearish counterpart.

Strength vs SPY

A primary search variable for trading Relative Strength & Weakness, this selects stocks if they are strong or weak relative to the market.

Strength vs Sector

The stock is compared to the sector ETF that it belongs to. A stock that is strong relative its sector is bullish and if it is weak relative to the ETF it is bearish.

Compression (Out)

The stock was in a compression and it has broken out. If it rallied above horizontal resistance it is bullish. If it dropped below support it is bearish.

Compression (In)

The stock is coiled like a spring in a tight range, ready to release.

Heavy Volume

Stock has greater than normal volume in the period calculated by 1OVol. Our data server knows the average 20-day volume for every 5 minute interval for every stock. To qualify as Heavy Volume, the stock’s volume must be 120% above normal for the selected timeframe. This is an incredibly effective search variable. Use it across multiple timeframes.

Range % (90/10)

If you want to find stocks that are trading near the high of the last hour select bullish and use H1. This is a quick way to find strength. The stock will be in the upper 10% of the range. Select bearish and the stock will be in the lower 10% of the range.


This contra indicator is used to find stocks that are poised to reverse. If you mark bullish it will look for stocks that are in a deep trough and that might be ready to rally from an oversold condition. If you select bearish it will look for stocks that are overbought and that might be ready to drop.


This is an indicator that measures trend strength. If the ADX value is above 35 and the +DI > -DI it is bullish. If the -DI > +DI it is bearish. This is very useful when searching for momentum.

HA Rev I-I

This Heikin Ashi (HA) pattern has a flat red top candle followed by a doji followed by a flat bottom green candle. It is a classic bullish reversal a pattern. The inverse indicates a bearish reversal.


This HA pattern has two flat top red candles followed by two flat bottom green candles. The close of the second green candle is higher than the open of the first red candle. This is a strong bullish reversal pattern. The opposite is a bearish reversal pattern.


This is two flat bottom green candles for bullish and two flat bottom red candles for bearish. These can be part of a continuation or the start of a reversal.

HA Cont II+

This variable finds stocks with more than two consecutive flat bottom green candles for bullish searches more more than two consecutive flat top red candles for bearish searches. This is a sign that a very strong trend is underway. Consider using this with heavy volume search indicators.

Stochastic (SMI)

This indicator measures the closing price of the bar relative to the median price. It is very effective in determining directional strength. If the bars are finishing above the median price it is bullish. This is another confirming indicator.

The lower section variables of Custom Search and Custom Alerts provide additional filtering options and can be customized with user-input for precise selection.

Option Liquidity

Option Liquidity is a proprietary rating that takes into account weekly options, OI, bid/ask spread and volume. -10 -5 is illiquid; -4 to -1 is limited but OK for small size; -1 to +2 is decent and good for < 50 contracts; 3 to 5 is good and means you can fill 100+ contracts; 6+ means you can trade any size: Very tight bid/ask and deep.

Option IV ATM

Searches stocks with specified at-the-money front month implied volatility.

Stock Price

Filters stocks according to price.

Heavy Volume Today

Selects stocks that exceed the 20-day average volume by more than 20% today.

Heavy Volume Yesterday

Selects stocks that exceeded the 20-day average volume by more than 20% in the previous trading day.

20-Day Average Volume (000s)

Selects stocks within a specified range of 20-Day average volume. Input units are 1,000s.

Stock Volatility

Selects stocks with a specified historical volatility in percent (%) calculated with the 20-day ATR. < 3 is stable; 3 is average; 4 is volatile; 5 is very volatile; 6+ is extreme.

% 60-Day Range

Selects stocks within the specified percent (%) of their 60-Day range. Higher numbers indicate the higher end of the range.

Earnings Date (Projected)

Refines stocks with upcoming earnings dates within the specified range.

Earnings Date (Previous)

Finds stocks with past reported earnings within the defined look-back period.

Pre-Earn Bull/Bear

Selects stocks that have an upcoming earnings date within the specified period and with historical prices that rallied (for Bull or fallen for Bear) before the earning report more than 75% of the time in the last 3 years.

Pre-Earnings Today

These stocks will report earnings after the close today or before the open tomorrow.

Post Earnings Today

These stocks reported earnings after the close yesterday or before the open today.

Post Earnings Bull/Bear

Displays stocks that reported earnings less than two weeks ago and have gapped higher today and is still above the gap (opposite for Bear)

Weekly Options

Filters stocks with weekly options.

Only/No ETFs

These two variables allow you to control whether only ETFs or no ETFs are included in the search results.

Stock > or < X

These checkboxes allow you to control for stocks with a Last price greater than or less than the following variables: Today’s High/Low, 20-Day High/Low, 52 Week High/Low, and 20/50/100/200 SMA.

Short Squeeze

These stocks have very high short interest and are possibly vulnerable to forced buy-ins. Mark this box along with Heavy Volume Today and Stock > Prior Day’s High. Very powerful day trading search variable.


OneOption is proud to provide an exhaustive list of indicators on its platforms. The vast majority are calculated using industry standards and editable parameters. Some select indicators, such as OneOption’s proprietary indicators or those rare indicators not often found on trading platforms are specially designed or optimized for trading Relative Strength/Weakness. Information on these is found in the following section.


This is OneOption’s most famous indicator, and is a predictive indicator used primarily for trading and tracking SPY/ES and secondarily for stocks. It is tuned for the 5 minute timeframe and like most indicators has a fast line (solid) and slow line (dotted). When the fast line crosses the slow, a trade signal is generated. We do not divulge what inputs are considered in 1OP’s calculation. Look for big spikes and deep troughs in the indicator followed by SPY trendline breaches to trade 1OP. Please refer to The System articles: The 1OP Indicator and Day Trading with 1OP for more information.

Automated Trendlines (1OTL)

Automated trendlines are the newest addition to Option Stalker Pro. This indicator uses a complex set of rules to auto-draw trendlines on daily charts. Members can read Pete’s article on Automated Trendlines in The System for a detailed explanation.

Trade Signals

Trade signals are present across the OneOption platform as circular timeframe icons and arrows on charts. As circular icons, they provide quick insight into a security’s strength across different timeframes. The highest probability trading environments and setups occur when all timeframes align. Trade Signals are also displayed on charts as arrows with a ‘B’ or ‘S’ for buy and sell, respectively. Trade signals are calculated using a set of proprietary indicators to identify strong trends, relative strength, and institutional involvement. For securities, these calculations include a measure of Relative Strength/Weakness (RS/RW)


KeyBars is an indicator that styles candlesticks with an outline only when they satisfy the following conditions: The bar is greater than the 20-period ATR, Volume is heavier than average, and the body of the bar is large in comparison to the range (small tail and wick).

Filter Options

Filter options are used to refine watchlist and scanner results on Option Stalker and Option Stalker Pro. Usually, these are found at the top of the window or panel and can be used to further customize your lists.