Needing Script for Following Bullish Volume Spikes

[realoans1]

Hello Community:

I want to find a script that allows me to:

1. search for stocks that have had days with 4x or more than typical volume in a single day relative to average volume in preceding period (upwards, bullish volume).
2. be able to adjust the search time frame to any period - from one day to 360 days ago, or for a period of days, i.e. 90-100 days ago, etc.
3. a price trend line that is either flat or rising both before and after the volume spike

I would appreciate all feedback and references!

thanks,
Realoans

 

[halcyonguy]

Hello Community:

I want to find a script that allows me to:

1. search for stocks that have had days with 4x or more than typical volume in a single day relative to average volume in preceding period (upwards, bullish volume).
2. be able to adjust the search time frame to any period - from one day to 360 days ago, or for a period of days, i.e. 90-100 days ago, etc.
3. a price trend line that is either flat or rising both before and after the volume spike

I would appreciate all feedback and references!

thanks,
Realoans

here are 2 studies to experiment with

can pick the length of volume average. default is 20
average uses the previous bar for the average. so it doesn't include the partial, current day.
can pick some factor number, for multiplying by the average. default is 4.

----------------------

lower study
could be used as scan
if volume > volume average * 4 , then draw a spike.

#vol_spike2_lower

declare lower;

def na = Double.NaN;
def bn = BarNumber();
def v = volume;

input vol_avg_len = 20;
# start avg on prev bar
def vol_avg = floor(Average(v[1], vol_avg_len));

input vol_spike_factor = 4.0;
def isvol_spike = v > ( vol_spike_factor * vol_avg);

# scan code
plot z = isvol_spike;
#

------------------------


a volume study, used for testing.
after working, i simplified this and saved as the lower

draws a triangle on volume spike bars
draws the average
draws a line at 4 x the average

#vol_spike2_volgraph

#declare lower;

def na = Double.NaN;
def bn = BarNumber();
def v = volume;

input vol_avg_len = 20;
# start avg on prev bar
def vol_avg = floor(Average(v[1], vol_avg_len));

input vol_spike_factor = 4.0;
def isvol_spike = v > ( vol_spike_factor * vol_avg);

# scan code
#plot z = isvol_spike;

#----------------------------------

# vol graph code

plot z1 = if isvol_spike then v*1.05 else na;
z1.SetPaintingStrategy(PaintingStrategy.TRIANGLES);
z1.SetDefaultColor(Color.cyan);
z1.setlineweight(4);
z1.hidebubble();

input show_avg = yes;
plot z2 = if show_avg then vol_avg else na;

input show_avg_factor = yes;
plot z3 = if show_avg_factor then (vol_avg * vol_spike_factor) else na;


addchartbubble(0, 0,
"V " + v + "\n" +
"VF " + z3
, color.yellow, no);
#

 

[realoans1]

Thank you very much! I will give it a try. Happy new year!