Adeodatus
Member
This search finds the Deviation of Volume -VS- the Mark (stock price).
Its not certain but I think what it finds are stocks moving with 2.5 times average volume according to the number of days looking back.
First place a "Stock" filter with the 'mark' as reference, then adjust for
the price you would be trading at.
Second place a "Statistics" filter with 'StandardDevationChannel'.
Search is for 'Volume', set to "greater than" and use 2.5 (to begin) 'times the standard
deviation of the '11' (to begin) period regression line. And leave at D (daily).
Of course this is TOS Scan code directly, hope Im not in trouble for copying it to here.
Third, I am not sure if its possible to put this into an indicator if that's even possible. Any ideas, add-ons, suggestions?
Its not certain but I think what it finds are stocks moving with 2.5 times average volume according to the number of days looking back.
First place a "Stock" filter with the 'mark' as reference, then adjust for
the price you would be trading at.
Second place a "Statistics" filter with 'StandardDevationChannel'.
Search is for 'Volume', set to "greater than" and use 2.5 (to begin) 'times the standard
deviation of the '11' (to begin) period regression line. And leave at D (daily).
Of course this is TOS Scan code directly, hope Im not in trouble for copying it to here.
Third, I am not sure if its possible to put this into an indicator if that's even possible. Any ideas, add-ons, suggestions?
Code:
#Wizard input: price
#Wizard text: is
#Wizard input: choice
#Wizard input: deviations
#Wizard text: times the standard devation of the
#Wizard input: length
#Wizard text: period linear regression line
input price = close;
input length = 63;
input deviations = 2.0;
input Choice = {default "Greater Than", "Less Than"};
def regression = InertiaAll(price, length);
def stdDeviation = stdevAll(price, length);
def UpperLine = regression + deviations * stdDeviation;
def MiddleLine = regression;
def LowerLine = regression - deviations * stdDeviation;
plot scan;
switch (Choice){
case "Greater Than":
scan = price > Upperline;
case "Less than":
scan = price < Lowerline;
}