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Registered User
Joined: 3/27/2009
Posts: 2
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I've finally given up v7 to v17. I'm unable to figure out how to find or set up the Momentum buy/sell side of the market.
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Administration
Joined: 9/30/2004
Posts: 9,187
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Can you provide more details on what you're trying to do?
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Registered User
Joined: 8/29/2017
Posts: 5
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I need a momentum scanner that complies with the following:
* price between 1 and 10
* current volume greater than 40,000 shares
* current volume at least twice the average volume, current volume> 2 (average volume)
* volume in the last 5min is at least 2% of the average volume
* price makes new high
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Please try the following daily condition formula for the first three requirements (the 21 period moving average was used because it is about a month in a daily time frame, but can be changed).
1 <= C AND C <= 10 AND V >= 40000 AND V >= 2 * AVGV21.1
I am assuming 2% of the average volume means 2% of the average volume of a trading day? If so, you could try the following formula in a 5-minute time frame.
V >= .02 * 78 * AVGV500
If you want the last completed bar instead of the current bar.
V1 >= .02 * 78 * AVGV500
Average the two would give you the following.
AVGV2 >= .02 * 78 * AVGV500
I am not quite sure what you mean by new high. About the closest you can get for the current intraday bar being the highest bar of the day would be to use the following daily formula.
H = C
But if you want something like a new high over the course of the year, you could use the following daily formula.
H > MAXH251.1
It is not possible to mix time frames within a formula, but you can add conditions with different time frames to the same scan.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 8/29/2017
Posts: 5
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ok bruce thanks, i'm going to try it
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Registered User
Joined: 8/29/2017
Posts: 5
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Bruce,
if you want the current volume in 5min to be greater than or equal to 4 times the average daily volume of 5min.
Example: show me stocks where the current volume of the last candle of 5min was 400shares and its average volume of 5min is 100shares.
How would it be?
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Registered User
Joined: 9/17/2010
Posts: 484
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Assuming that you want to find this in a scan
V>4*AvgV500
and then set the time frame to 5 Minutes.
I used 500 because that is what Bruce had used above. The timeframe isn't reflected in the PCF formula, but rather in the scan Condition criteria
Hope this helps
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Registered User
Joined: 8/29/2017
Posts: 5
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ok
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bcochrane |
I'm going to try it
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Guest-1 |