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Registered User Joined: 2/15/2012 Posts: 25
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EHTH is a name i've been long some time. If you look at the volume profile on the weekly, you can see its volume the week of 08/18/2018 jumped 200%> than its 50week avg, then it digested that move and ramped again consecutive weeks 10/26, 11/02, 11/09.
I am wondering if its possible to create a scan condition which might look for weekly volume greater than 150% the 50week average in say 3 of past 10 weeks. If its possible and it can be written, then i can play with the timeframes further.
Thankyou in advance for any input you might have !
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Please try the following condition formula set to a weekly time frame.
CountTrue(V >= 1.5 * AVGV50, 10) >= 3
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 2/15/2012 Posts: 25
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Thankyou, appreciate it....
Question, i'm this is not possible in tc2000....
Can this be calculated: the average daily volume (maybe 50d avg) divided by the float, x 100 = Percentage demand?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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No, there really isn't a way to calculate this in TC2000.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 9
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Hi Bruce,
Can you please help me with a scan?
1.50 day moving average > 200 day moving average on daily chart
2.Today price is above 200 day moving average on daily chart
3. Weekly volume is 1.25x greater than the average volume for the past 20 weeks
(In a nutshell, I am trying to find big volume on the week as compared to the 20 week average volume)
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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Please try the following daily condition formula.
C > AVGC50 AND AVGC50 > AVGC200 AND AVGV5 >= 1.25 * AVGV100.5
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 9
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Terrific! Thank you!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You're welcome.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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