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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » How do I create a scan condition for average volume in past 30 days > $1,000,000?

How do I create a scan condition for average volume in past 30 days > $1,000,000?

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dcaff19

Posted : Saturday, August 3, 2013 6:25:31 PM

Registered User
Joined: 7/21/2012
Posts: 7

Hi Bruce!

How do I create a scan condition for locating stocks that have average volume in past 30 days > $1,000,000?

Thanks in advance!

Dan

Bruce_L

Posted : Monday, August 5, 2013 12:11:28 PM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You can do it the short way and the results might be good enough.

AVGV30 * AVGC30 > 1000000

That said, calculating an average for each bar will get you closer to the average dollar volume:

(V * C + V1 * C1 + V2 * C2 + V3 * C3 + V4 * C4 + V5 * C5 + V6 * C6 + V7 * C7 + V8 * C8 + V9 * C9 + V10 * C10 + V11 * C11 + V12 * C12 + V13 * C13 + V14 * C14 + V15 * C15 + V16 * C16 + V17 * C17 + V18 * C18 + V19 * C19 + V20 * C20 + V21 * C21 + V22 * C22 + V23 * C23 + V24 * C24 + V25 * C25 + V26 * C26 + V27 * C27 + V28 * C28 + V29 * C29) / 30 > 1000000

But to exactly match the dollar volume, you would need to use tick data (which is not available in the quantities required for the calculations).

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