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Can someone suggest a scan expression for the following variable of trading liquidity?
Hi: I could use your help:
I am an experienced stockcharts.com member with intermediate experience in building my own scans for setups I like: I am asking other experienced users for suggestions:
I am developing a scan for stock liquidity and price acceleration both up and down.
(I define stock liquidity as average volume of a stock for a period of time divided by outstanding shares:
Stockcharts provides the following variables:
[outstanding shares > 100]
[Volume > 9,999,999]
[Liquidity > 9,999,999] )
Despite numerous repeated expressions I am unable to get a useful scan:
☹ //There are several workarounds, obviously like 4*volume..blah, blah blah, Roc Price, blah blah bhal, but those expressions are not very precise. or elegant. also some variations of rate of change PPO faster than PVO but again not surgical...
What I am trying to do is ground work on isolating stocks : pitcture a a drag street racer that engages in
higher revolutions of cycles as he pushes on the accelerator without getting trackson as opposed to another that does not spin his wheels- advancing with great speed and less wasted energy, ie. with advancing price.
I do not really care about noise: behavior of running out of a building when someone calls fire or running into a stock because the herd is piling into it:, I am trying to develop a signal detector, to see steady, stealth advance under the radar accumulation reflected in rapid, consistent price change up and down..
Q. Can you suggest a solution?
I ran and use the advanced scan editor but have failed to find a solution.
Let's start an informed discussion, and I will do my part to share what little I know.