Registered User
Joined: 11/8/2004
Posts: 6
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Want to create a PCF to put into a Scan to filter stocks with an average daily volume >= 500,000. Will this work: AVGV50 >= 500000.
Thx.
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Almost! Volume in TeleChart is expressed in hundreds, so try it this way:
AVGV50 >= 5000
Perhaps a more useful way to approach this is simply:
AVGV50
When you put this simple formula in an EasyScan, you can then use the range selector to eliminate everything below 500,000 (5000 on the range selector). The benefit is that next month, you may decide to look for average volume of only 300,000 or higher. You can use the same scan...just adjust the range selector. In a nutshel, this formula will give you what you want today, and if you change your mind later about the average volume you want, the formula will accommodate you then, as well.
- Doug
Teaching Online!
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Registered User
Joined: 11/8/2004
Posts: 6
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Doug, thanks. I didn't realize I could do that!
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