Mike Shorr answered a live trading room question on what the red and green arrows on his charts mean. He shows that they are outputs of the VZO, how the crossovers trigger them, and how to adjust the settings. He also takes iron condor questions, including whether you can exit just one leg.
Mike Covered:
- What the red and green VZO arrows signal
- The number that triggers each arrow
- The setting that makes them more or less aggressive
- What he says usually follows an arrow
- The risk of closing one leg of an iron condor
