Is there any way to use Volume Buzz as a criteria for a scan?  This would be very helpful. Also, it would be very helpful to me if when I set alerts I could use volume buzz as one of the criteria. Any way you can help out here?

Thanks,

Peter

Other than putting it in as a suggestion, no I can't help. Volume Buzz can only be used as a WatchList Column. It cannot currently be used for anything else.

Thank you for your suggestion. It has been assigned case number 8596.

Volume Buzz is based on the 100-Period Simple Moving Average of Volume over the previous 100 days (so not including today).

The current Volume is compared to a percentage of the average volume which is directly proportional to the percentage of the trading day which has already passed. So at 10:15 AM ET, the current volume would be compared to about 11.54% of the 100-Day Simple Moving Average of Volume ending yesterday. If the result is +25%, it would mean that current Volume is about 14.42% of the average volume instead of 11.54% of the average volume.

So at the end of the day, you could approximate Volume Buzz using a formula like:

100 * (V / AVGV100.1 - 1)

This formula would also have the same or a similar order to Volume Buzz over the course of the day even though the values would not match.

So the % I see in Volume Buzz is not actually the % higher or lower than the typical average volume as per that time stamp over the past 100 days? A little confusing.

Also, the formula your provided yields some very wierd numbers, many negatove and very few positive. Strange on a day like today. Can you explain the results in a little more detail.

Thanks

The formula will almost certainly be negative for most symbols near the beginning of the day as AVGV100.1 is based on average volume for the entire day an V is based on the volume up until that point in the day. That's what the sentences immediately above and below the formula mean.

So is there a formula that can be written that compares today's volume at any given time to the average volume for that same specific time stamp for say a period to be specified by the user? And have it be dynamic and not static? For example....

I would like to create a formula that compares present volume to the same time stamp for the past 20 days. Is this possible?

Thanks

No, there is not a way to do so in TC2000 or I would have both mentioned and provided it.

The Above Average Volume topic has both an Intraday Volume Surge Indicator and an Intraday Volume Surge Condition that can be used to compare the current Volume up until that point in the day to the Average Volume up until that point of the day on an Intraday Chart in StockFinder Platinum.