RE: Beginners Questions
(2014-07-03, 03:01 PM)isatrader Wrote: It depends when you run it as it's looking for stocks with 3 times their average daily volume. So if you run it at the open before they've traded much volume then you won't get any results. Change the dropdown to "Last market close" to get yesterdays results, and adjust the volume setting in the code [volume > sma(200, volume) * 3] to 1 instead of 3 i.e. change it to [volume > sma(200, volume) * 1] if you are doing an early in the day scan with the intraday settings.
I find it best to wait until 11.30am EST before running the 3x volume scan as it gives the market a few hours to settle. But before that adjust the volume figure to 1 or 2 as if it's traded it's average daily volume in the first hour or so, then you can usually assume that it will easily make the 3 times daily volume requirement by the end of the day.
Makes sense to me! Thanks!!
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