Registered User
Joined: 2/21/2013
Posts: 5
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Can we creat a scan where yesterdays volume was 3x the average volume and today the stock's first 5min cundle is red (doesn't matter if it gapped down or oppened flat)?
This action shows emotional profit taking at the open and a potential red/green move for continuation
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Registered User
Joined: 2/21/2013
Posts: 5
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QUOTE (stellis)
Can we creat a scan where yesterdays volume was 3x the average volume (and yesterdays bar closed above it's previous day bar) and today the stock's first 5min cundle is red (doesn't matter if it gapped down or oppened flat)?
This action shows emotional profit taking at the open and a potential red/green move for continuation
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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It is not possible to create a scan for this as there is no way to determine if the first intraday bar of the day is red in the Personal Criteria Formula Language.
We can check for the rest of the requirements using a Daily Condition Formula. For example, if we use a period of 21 to calculate the average volume:
V >= 3 * AVGV21 AND C > C1
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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