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Gap up on volume scan

Gregory
Gregory ✭
in Scanning
How do you write a scan to scan for stocks that gapped up on their highest volume ever?

Best Answer

  • markd
    markd mod
    Answer ✓
    I don't think you can test for highest volume ever. But you could test for some very unlikely volume event, e.g.

    and [volume > 1 day ago max(250, volume) * 5] // today's volume greater than 5x the largest volume in a year

    Another idea -

    and [volume > sma(250, volume) * 10] // today's volume greater than 10x the annual average daily volume

    Gap up would be

    and [low > 1 day ago high]

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