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Volume Scans Rate this Topic:
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bobbaron
Posted : Sunday, May 20, 2007 1:38:33 AM
Gold Customer Gold Customer

Joined: 3/6/2005
Posts: 110
I would like to have a volume scan that gives me stocks making a new 52 week high on today's session and also a volume scan that would give me a new 52 week low on today's session.thanks. bobbaron .
Craig_S
Posted : Sunday, May 20, 2007 8:36:09 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Do you mean their volume is the highest volume in 52 weeks? Is it the price or the volume that you want making a 52-week high? Is this daily or weekly volume?

- Craig
Here to Help!
bobbaron
Posted : Sunday, May 20, 2007 9:13:12 PM
Gold Customer Gold Customer

Joined: 3/6/2005
Posts: 110
QUOTE (Craig_S)
Do you mean their volume is the highest volume in 52 weeks? Is it the price or the volume that you want making a 52-week high? Is this daily or weekly volume?


Craig, I want a scan that will give me stocks making a 52 week price high or low on a volume breakout or surge over the last 10 days. I am adding it to another scan I already have. The idea is to find good candidates for swing trades that are either breaking up or down in price on bigger than normal average volume.

As far as stock prices go I'd also like to be able to check the 52 week price high and low range the way Yahoo Financial offers it. Maybe Telechart has it listed somewhere, but I can't seem to find it and I am constantly going to yahoo financial for that information. Those prices are the resistance and support areas for the stock over the last 52 weeks Thanks for your help. Bob Baron
Craig_S
Posted : Monday, May 21, 2007 4:50:19 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
I have a clearer idea now.

To see the 52-week range on the stock please watch these two videos:

How to create a Personal Criteria Forumula (PCF)

Customize the Information Displayed in the WatchList

You can then create the following PCF:

52wk Range
MAXH250-MINL250

Once created and calculated, add it to any WatchList Tab you like.

A few last questions on your EasyScan...

You mention a "volume breakout or surge". How do you want to define if the volume is surging or breaking out? Does the ONE-day volume need to be X times higher than the Y-day average volume? If so, what are X and Y?

Does this volume surge need to happen on the exact same day the high or low in price is made? Can the volume surge happen in the last 10-days and the price high/low happen in the last 10-days (but both don't have to happen on the same day?)


- Craig
Here to Help!
bobbaron
Posted : Monday, May 21, 2007 9:48:47 PM
Gold Customer Gold Customer

Joined: 3/6/2005
Posts: 110
QUOTE (Craig_S)
I have a clearer idea now.

To see the 52-week range on the stock please watch these two videos:

How to create a Personal Criteria Forumula (PCF)

Customize the Information Displayed in the WatchList

You can then create the following PCF:

52wk Range
MAXH250-MINL250

Once created and calculated, add it to any WatchList Tab you like.

A few last questions on your EasyScan...

You mention a "volume breakout or surge". How do you want to define if the volume is surging or breaking out? Does the ONE-day volume need to be X times higher than the Y-day average volume? If so, what are X and Y?

Does this volume surge need to happen on the exact same day the high or low in price is made? Can the volume surge happen in the last 10-days and the price high/low happen in the last 10-days (but both don't have to happen on the same day?)


The volume should be greater than the stocks normal or average volume, but I honestly don't have a definition for x and y. Maybe 1.5 to 2 times average volume. The volume surge does not need to to happen on the exact same day as the hi/lo price movement. It could be anywhere in the last 10 days and they both don't have to happen on the same day , although it seems like they usually do. Hope that helps a little. bb
Craig_S
Posted : Monday, May 21, 2007 10:28:44 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
One last thing... average volume over what period? 1.5 times the average volume for the last month, 6-months, year?

- Craig
Here to Help!
bobbaron
Posted : Tuesday, May 22, 2007 8:53:56 PM
Gold Customer Gold Customer

Joined: 3/6/2005
Posts: 110
QUOTE (Craig_S)
One last thing... average volume over what period? 1.5 times the average volume for the last month, 6-months, year?


The volume surge is over the last 10 days compared to its average volume of the last year. If you explain the formula to me I can probably throw in different values so I can adjust it in a variety of ways. So let me know where I can change the ____ times the average volume for the last____ time period. Thanks. Bob
Craig_S
Posted : Wednesday, May 23, 2007 5:41:04 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Try this for me:

(V>=AVGV250*1.5 OR
V1>=AVGV250.1*1.5 OR
V2>=AVGV250.2*1.5 OR
V3>=AVGV250.3*1.5 OR
V4>=AVGV250.4*1.5 OR
V5>=AVGV250.5*1.5 OR
V6>=AVGV250.6*1.5 OR
V7>=AVGV250.7*1.5 OR
V8>=AVGV250.8*1.5 OR
V9>=AVGV250.9*1.5) AND
(H>MAXH250.1 OR
H1>MAXH250.2 OR
H2>MAXH250.3 OR
H3>MAXH250.4 OR
H4>MAXH250.5 OR
H5>MAXH250.6 OR
H6>MAXH250.7 OR
H7>MAXH250.8 OR
H8>MAXH250.9 OR
H9>MAXH250.10)

- Craig
Here to Help!
Michaelc1507
Posted : Wednesday, May 23, 2007 9:46:35 AM
Registered User
Joined: 12/3/2006
Posts: 278
Hey Craig - that nice new do doesn't even look like the old you - you look much younger!! Anyway, is the above formula supposed to be used in it's entirety or are these used as individual lines? Thanks - Mike
Bruce_L
Posted : Wednesday, May 23, 2007 9:51:45 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
Michaelc1507,
Please use the entire formula.

-Bruce
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