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Volume scan

Gregory
Gregory ✭
in Scanning
How do you right a syntax for stocks trading 500K shares or more?

Answers

  • markd
    markd mod
    On the scan workbench, click the Price Volume and SCTRs dropdown. Click on Volume, then click on Add. Adjust the default value to your number.

    But, it might be more helpful to scan for average volume. If you scan for raw volume you could pick up stocks that normally trade much less but have a big day. You need to pick a number for the length of the average - 5 days would be a week - probably not enough - 20 would be a month of trading days (approx). Probably good enough.

    and [sma(20, volume) > 500000]
  • Gregory
    Gregory ✭
    Perfect! Thanks.

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