Registered User Joined: 3/31/2011 Posts: 33
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I'm trying to identify a method of scanning for a stock that also includes higher than average volume (at any point in the day). From previous posts I understand that Vol Buzz cannot be used in a scan. Would someone please define the following conditions and how they work compared to each other. This information was not included in the 'Help'.
Volume Spike
Volume Surge Today
Above Avg Volume
Volume vs. Volume 1-Day
If I'm scanning at 11:00am and a ticker has not yet reached it's 50 period volume avg, I assume that the 'Above Avg Volume' will not fire, even though volume may indeed be above average for that time period of the day.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Volume Surge Today is:
100 * V / AVGV100
Volume Spike will return true when Volume Surge Today is greater than 300:
V / AVGV100 > 3
Above Avg Volume will return true when Volume is above its 50-Period Simple Moving Average:
V > AVGV50
Volume vs Volume 1-Day is not in my system.
None of the items is like Volume Buzz. The all compare the volume up until that point in the day to an Average Daily Volume. They do not compare volume up until that point in the day to the average of volume up until that point in the day. So Above Avg Volume will not return true until the volume for the day is above the 50-Day Simple Moving Average of Volume.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 3/31/2011 Posts: 33
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By 'Volume vs Volume 1-Day' I meant, what is the difference between those two different conditions. They seem to have identical variables.
Thanks for your assistance with the other information.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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There is no difference between the two.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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