IQscan can be deployed on a number of time frames across a virtually endless amount of instruments. The following is an overview of how to deploy the IQscan properly.

Once you have the IQscan template setup and your instrument list added (and have connected to your data source) you are ready to begin scanning. Basically, what the IQscan does is run through each instrument and perform the necessary IQstrat Algorithm calculations producing a 1 for high probability upcoming long (buying) conditions and a -1 for short (selling) conditions.

When a 1 or -1 is produced the IQscan will produce the sound assigned to it and the row next to the particular instrument for which the alert has been produced will turn either red (for sell signal) or green (for buy signal). The row will remain the corresponding color until the end of the re-arm period (which can be set-up by the user).

After an alert occurs simply right click on the instrument and click Send to > Chart. The chart for the instrument will appear and you can add the IQstrat Algorithm indications to the chart in order to further determine if/where entry should occur by following the rules for entry.

Note: Clicking Send to > Chart twice will produce two charts, one for monitoring the IQstrat indications and one on which to enter positions (recommended).