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Registered User
Joined: 1/7/2010
Posts: 70
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I've been trying to set up a scan for average daily volume > than 400,000 shares, but when I check the results, there seems to be quite a few that come up with much lower daily volume (checked for daily volume on the Finviz.com) Do I need to use RealCode for this?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You don't need to use RealCode, just right-click on the Moving Average applied to your Charted Volume Bars Indicator and select Create Rule | Greater Than Value | 4000 (Volume in StockFinder is normally reported in blocks of 100 shares).
The Volume being used is going to be the Volume reported by StockFinder, not by some third party site.
-Bruce
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Registered User
Joined: 1/7/2010
Posts: 70
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Thanks! Of course, why didn't I think of that!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
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Registered User
Joined: 3/30/2008
Posts: 97
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Bruce, in Stockfinder beta 5, I did what you describe above. Clicked on the moving average of my Volume bars, and created a condition wherein "MovAvg Greater Than" was > 3000.0000, and moving avg period 30.
However the scan results still show some stocks from the Russell 3000 with 30 day moving averages of, for actual example, "54.90K". Others are well over, for example, "554.70K" or "12.01M". So the question is why do the scan results show some stocks with far less than 300,000 volume on 30 day average after running this scan?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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lordnel,
Right-click on the Volume Indicator and check the Display in's setting. If it is not 100, then you will need to adjust your Condition accordingly (if it is 1, then you would need to use 300000 for 300,000 shares while if it is 1000, then you would need to use 300 for 300,000 shares).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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