Registered User
Joined: 2/23/2006
Posts: 20
|
How would I scan for stocks that have daily average volume over a certain amount? For example all stocks that have a daily average volume of over 500,000 shares, or 1 millions shares etc. Either PCF or Easy Scan.
Thanks
|
Worden Trainer
Joined: 10/1/2004
Posts: 4,308
|
It's easy, as long as you specify the time period for the average. Average volume over 90 days is a built-in condition in TeleChart (Volume 90-Day)
If you want average volume over 50 days:
AVGV50
Over 20 days:
AVGV20
You get the idea. Once you create and update the PCF, you can use the condition to sort any watchlist, or as a condition in an EasyScan. Remember that volume is displayed in TeleChart in 100's...so add 2 zeroes to any number that is displayed to get the actual volume. In EasyScan, if you're looking for average volume of 500,000 or more, you would use the range selector to accept values from 5000 to MAX (because 5000 really means 500,000).
If you're not familar with creating EasyScans or PCF's here are two videos for you:
How to create a Personal Criteria Forumula (PCF)
Using EasyScan to find stocks that meet your own criteria
- Doug
Teaching Online!
|