High Volatility Stock Screener / Scanner For ThinkOrSwim

Hi all,

New to this community, so please forgive me if I've posted in the wrong area.

I recently read an article on vantagepointtrading.com that made use of something called a high-volatility stock screen/scanner. This tool is used to find stocks that move a good deal on a daily basis. The example code given in the article runs on StockFetcher.com, but I'd like to to convert it to a scanner on TOS. Here's the code:

Code:
show stocks where the average day range (50) is above 4.5%
and Price is between $5 and $150
and Average volume (50) is greater than 4000000
and average volume (10) is greater than 4000000
and exchange is not amex
add column Average Volume (30)
add column Average Day Range (30)

My scanner skills are nonexistent as I know nothing about using scanners in TOS. I think I understand the code above enough to know the numbers should be changeable inputs and that the "add column" bits add new columns to the results.

Can someone out there give me a hand? Your help is greatly needed and appreciated. :)
 

MerryDay

Administrative
Staff member
Staff
VIP
Lifetime
Here ya go! Save this scan as your watchlist, add whatever columns you want. It's an interesting scan. It would seem to display stocks that have already shot up. As a way to give back to the community, can you share how you use this information?

aaa2.png
 
Last edited:
@MerryDay Wow! This looks great!

Will be playing around with this in the coming days. I plan on using it to not as a means of looking for stocks before they shoot up but rather as a means of finding stocks that are worthy of playing (no sense playing stocks that have good Greeks but don't move).

Thanks a lot for your help!
 

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Top