Average True Range(ATR) and RVOL indicator/study in Scan

TOS009

New member
Hi
I'm looking for any pointers on creating a scan(and alert for specific stocks) on 5 min timeframe, with the following conditions:

  • TTM Squeeze WAS TRUE for atleast three bars(ie three successive red dots) . Basically stock consolidated for atleast 15mins
  • TTM Squeeze IS FALSE on the current bar(ie green dot). Basically when its no more in squeeze condition and breaking out(up or down)
  • Stock selection criteria:
    • Last price between $20 and $300
    • RVOL >= 2
    • Float > 20 Million shares
    • Today's Volume >= 1M shares
    • Stock's ATR > $0.5
I've plotted the TOS TTM_Squeeze on 5 min chart , but it'd be nice to see a list of stocks, that are coming out of the "squeeze" with these conditions, sorted by volume.


Can you pls advise?
Thanks much
 
Hi
Not finding ATR & RVOL(Relative volume) in TOS to use in my scans. I'd like to filter stocks by ATR(14) >= $0.5 and RVOL >=2 in scan.

By RVOL, I'm referring to the same definition tradeideas uses "These compare the current volume for today to the average volume for this time of day." , over the past 30 days.

Is this possible? Are there any thinkscript studies I can leverage ?

Thanks much
 
In ThinkOrSwim there is no true Relative Volume you have to find scripts here. I use various RV code I found here. To find stocks high in RV you can use the built-in study indicator under Statistical >Standard Deviation Channel as a scan filter. It defaults to CLOSE, change that to VOLUME and set the value to 2.5 to 3.8 and keep the 63 regression setting. Choose D for daily under the Aggregation Button. I suggest 1st adding a STOCK Volume Filter and All Listed Stocks. Make your scan output 50 to 75 and tweak your settings over time and find the sweet spot to fill your 50 to 75 ticker limit. If you have setup Relative Volume Watchlist Columns then you will see nice results with High RV. There are ADR scripts within this forum that can be scanned against also once installed.
 

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