Registered User Joined: 12/27/2018 Posts: 1
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I'm new here and english is not my first language, soory for this. So I need a little help please. I want to create a scan for unusual short term volume like this:
The Volume of the actual 1 Minute Candle is 700% higher then the average (for example 1 minute average of the last 30 days). The Volume of 5 Minute are 300% greater then the average.
For Example Price Range: 0,40 to 400
Float less then 50.000000 (with the possibility to change the number)
Volume today >25.000 (with the possibilty to change it for example after 11:00 am to 250.000)
Average Daily Volume of least 300.000
Possibility to scan for new HOD / LOD Signal or for example 10 minute High or Low or complete without it.
Do I have to make a PCF or does an Easy Scan work?
I thank you for your help.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Price range, float, volume today, and average daily volume can all be done without formulas and one of these (float) can't be done using a forumula.
There really isn't a good automated method of checking for the after 11:00 AM that works at any time of the day.
Checking for the volume of the 1-minute or 5-minute candle versus average volume can be done, but the data set being used is about 500 bars. So that is going to be less than 2 days in a 1-minute time frame and less than 7 days in a 5-minute time frame.
There really isn't a good way to check for the current bar making a new HOD or LOD. About the best you can do is check for the close equaling the high:
H = C
The close equaling the low:
L = C
Or maybe the close being near the high or low.
STOC1 >= 95 OR STOC1 <= 5
-Bruce Personal Criteria Formulas TC2000 Support Articles
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