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swooth50
Posted : Tuesday, June 13, 2017 10:10:44 AM
Gold Customer Gold Customer

Joined: 3/27/2009
Posts: 2

I've finally given up v7 to v17.  I'm unable to figure out how to find or set up the Momentum buy/sell side of the market. 

StockGuy
Posted : Tuesday, June 13, 2017 10:15:08 AM

Administration

Joined: 9/30/2004
Posts: 9,024

Can you provide more details on what you're trying to do?

gapcitos
Posted : Tuesday, March 27, 2018 3:49:09 PM
Registered User
Joined: 8/29/2017
Posts: 4
I need a momentum scanner that complies with the following:
* price between 1 and 10
* current volume greater than 40,000 shares
* current volume at least twice the average volume, current volume> 2 (average volume)
* volume in the last 5min is at least 2% of the average volume
* price makes new high
Bruce_L
Posted : Tuesday, March 27, 2018 4:02:11 PM


Worden Trainer

Joined: 10/7/2004
Posts: 62,704

Please try the following daily condition formula for the first three requirements (the 21 period moving average was used because it is about a month in a daily time frame, but can be changed).

1 <= C AND C <= 10 AND V >= 40000 AND V >= 2 * AVGV21.1

I am assuming 2% of the average volume means 2% of the average volume of a trading day? If so, you could try the following formula in a 5-minute time frame.

V >= .02 * 78 * AVGV500

If you want the last completed bar instead of the current bar.

V1 >= .02 * 78 * AVGV500

Average the two would give you the following.

AVGV2 >= .02 * 78 * AVGV500

I am not quite sure what you mean by new high. About the closest you can get for the current intraday bar being the highest bar of the day would be to use the following daily formula.

H = C

But if you want something like a new high over the course of the year, you could use the following daily formula.

H > MAXH251.1

It is not possible to mix time frames within a formula, but you can add conditions with different time frames to the same scan.



-Bruce
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gapcitos
Posted : Wednesday, March 28, 2018 1:20:08 AM
Registered User
Joined: 8/29/2017
Posts: 4

ok bruce thanks, i'm going to try it

gapcitos
Posted : Friday, May 11, 2018 7:09:36 PM
Registered User
Joined: 8/29/2017
Posts: 4

Bruce,

if you want the current volume in 5min to be greater than or equal to 4 times the average daily volume of 5min.
Example: show me stocks where the current volume of the last candle of 5min was 400shares and its average volume of 5min is 100shares.
How would it be?
bcochrane
Posted : Saturday, May 12, 2018 8:40:17 AM
Registered User
Joined: 9/17/2010
Posts: 378

Assuming that you want to find this in a scan

V>4*AvgV500 

and then set the time frame to 5 Minutes. 

I used 500 because that is what Bruce had used above. The timeframe isn't reflected in the PCF formula, but rather in the scan Condition criteria

Hope this helps

gapcitos
Posted : Thursday, May 17, 2018 10:43:56 AM
Registered User
Joined: 8/29/2017
Posts: 4

 

 

 

ok 

bcochrane

 

I'm going to try it

 

 



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