Below are 2 examples of how the Alerts and Microstructure give you an immediate insight into unusual behaviour in stocks across an order pad or watchlist.
Alerts in both ITV and IAG fired simultaneously indicating the absolute share price move over the first hour of trading was exceptional compared to how it would normally trade. As is evident from the Microstructure charts below, these abnormal returns occurred on volume characteristics well below the expected curve(indeed, the volume is slowing further) indicating that the buyer(s) have clearly adopted the wrong strategy and have now significantly impacted the stock.
The OTAS Alerts that fired identify, almost to the second, intra-day reversion points in both shares. Alerts such as these allow first mover advantage to capture these anomalies and can prompt adjustment your trading behaviour accordingly.
In the case of ITV and IAG someone clearly used this ‘edge’ this morning.