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Request PCF Formula Volume Buzz Rate this Topic:
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raider45
Posted : Monday, July 17, 2017 11:49:36 AM
Gold Customer Gold Customer

Joined: 9/30/2011
Posts: 255
I would like to have a Formula PCF with the following parameters:
Volume Buzz => 300%
 
Thank you and goodbye.
Raider45
UnclePennybags
Posted : Monday, July 17, 2017 11:55:02 AM
Registered User
Joined: 6/30/2017
Posts: 230

Bruce will be along in a bit, but I'm not sure Volume Buzz is scannable. Sortable, yes, Scannable, don't think so. But I've been wrong once or twice before in my life. LOL.

Bruce_L
Posted : Monday, July 17, 2017 11:55:56 AM


Worden Trainer

Joined: 10/7/2004
Posts: 59,682

There isn't a way to create this sort of condition as a Personal Criteria Formual. You can sort by Volume Buzz, but you can't use it as an EasyScan Condition.

After the market closes, the formulas would either be:

V >= 4 * AVGV100

Or:

V >= 4 * AVGV100.1

My original testing indicated that the first formula is correct, but follow-up testing by mdhuang would seem to indicate the second formula is correct.

Volume Surge vs. Volume Buzz



-Bruce
Personal Criteria Formulas
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raider45
Posted : Monday, July 17, 2017 12:41:59 PM
Gold Customer Gold Customer

Joined: 9/30/2011
Posts: 255

The two formulas do not generate any signal !

UnclePennybags
Posted : Monday, July 17, 2017 12:54:56 PM
Registered User
Joined: 6/30/2017
Posts: 230

QUOTE (Bruce_L)

After the market closes, the formulas would either ...

bcochrane
Posted : Monday, July 17, 2017 3:02:05 PM
Gold Customer Gold Customer

Joined: 9/17/2010
Posts: 255

Doing a scan for this criteria during market hours will result in few, if any, hits. Running it half way through the day would require volume to be running at 8 times the regular volume.

Running it for Friday, the trading day before today, with the PCF V1>4*AvgV20 returned 57 items from the list of all US Common stocks. Running it against the SP500 returned no hits. Running it against the High Cap 1000 returned one hit

mdhuang
Posted : Monday, July 24, 2017 10:16:03 AM
Gold Customer Gold Customer

Joined: 5/23/2006
Posts: 30

I would suggest you create multiple scans to run at different times during trading hours using this formula:

 

V >= 4 * AVGV100 * (hours/6.5) where hours = hours already passed for current trading day

 

For example, at 10AM, use this:

V >= 4 * AVGV100 * (0.5/6.5) 

At 12PM, use this:

V >= 4 * AVGV100 * (2.5/6.5) 

You can create multiple scans, for example, one per hours. Or have only one scan but modify it as time goes by during the day.

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