The HIRO Signal column features a sliding scale that represents the 30-day range of HIRO for a given stock or index.
1. The full width of the gauge represents the 30-day range of the HIRO signal.
2. The colored segment, ranging from red to green in color, represents the 5-day range of the HIRO signal.
3. The open circle plots today’s HIRO signal so you can see today’s HIRO reading relative to the last 30 days and last 5 days. The color of the open circle represents today’s intraday flow.
Red indicates a negative HIRO reading and negative delta flow, where traders are selling calls and buying puts. A dark red open circle indicates the HIRO signal is near the low of the day.
Green indicates a positive HIRO reading and positive delta flow, where traders are buying calls and selling puts. A dark green open circle indicates the HIRO signal is near the high of the day.
Yellow indicates a neutral position.