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Registered User Joined: 9/30/2011 Posts: 788
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I would like to have a Formula PCF with the following parameters:
Volume Buzz => 300%
Thank you and goodbye.
Raider45
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Registered User Joined: 6/30/2017 Posts: 1,227
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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.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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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 TC2000 Support Articles
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Registered User Joined: 9/30/2011 Posts: 788
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The two formulas do not generate any signal !
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Registered User Joined: 6/30/2017 Posts: 1,227
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QUOTE (Bruce_L)
After the market closes, the formulas would either ...
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Registered User Joined: 9/17/2010 Posts: 484
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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
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Registered User Joined: 5/23/2006 Posts: 75
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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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