Relative Volume Strategy and Momentum Scanner for ThinkorSwim

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jezzer46

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I havent posted in a while but I just want to say dont fall in love with lower priced low floats. I got caught up in maxing out my share positions on stocks under $3. While im up overall Ive noticed that the better moves are on the stocks that are over $4 to $12 and more. Plus an added bonus of the higher priced stocks is that all though im risking the same amount of money, im effectively reducing my risk per trade. Lower share size = lower risk.
 
T

Thomas

Active member
I havent posted in a while but I just want to say dont fall in love with lower priced low floats. I got caught up in maxing out my share positions on stocks under $3. While im up overall Ive noticed that the better moves are on the stocks that are over $4 to $12 and more. Plus an added bonus of the higher priced stocks is that all though im risking the same amount of money, im effectively reducing my risk per trade. Lower share size = lower risk.
Better yet, try stocks priced > $20.00
 
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Gildes

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@Gabrielx77 , At market close , Do you mind sharing the tickers in play for you today. thank you.
 
G

Gabrielx77

Member
@Gabrielx77 , At market close , Do you mind sharing the tickers in play for you today. thank you.
I was watching BBI, SRAX, and LUB. I chose BBI, but was given a fake out; LUB was the obvious choice, but I got in late and sold a little above the break over PM high. It ran quite well today.
 
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Gabrielx77

Member
I havent posted in a while but I just want to say dont fall in love with lower priced low floats. I got caught up in maxing out my share positions on stocks under $3. While im up overall Ive noticed that the better moves are on the stocks that are over $4 to $12 and more. Plus an added bonus of the higher priced stocks is that all though im risking the same amount of money, im effectively reducing my risk per trade. Lower share size = lower risk.
Do you have a Pre Market Scan for these stocks? My range is between $0.5-$15, but the gapers are usually always between $1-$3.
 
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Gildes

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Do you have a Pre Market Scan for these stocks? My range is between $0.5-$15, but the gapers are usually always between $1-$3.
I read since post #1 , by following your scan I got all the tickers you named. now I am still Paper trading yes LUB was my ticker and my Entrie was$1.81 at 09:48
 
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Gildes

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@Gabrielx77 this is a custom script from Mobius , now add your criteria (y)

Code:
# Premarket Gap-Up Scan
# Run Scan at premarket on one minute aggregation.
# Will not be accurate after hours or prior to midnight
# Mobius



def MarketClosePrice = if getTime() crosses RegularTradingEnd(getYYYYMMDD())

                       then close

                       else MarketClosePrice[1];

plot PreMarketScan = getTime() < RegularTradingStart(getYYYYMMDD()) and

close(priceType = "LAST") > MarketClosePrice * 1.01;

# End Scan Code
 
J

jezzer46

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Do you have a Pre Market Scan for these stocks? My range is between $0.5-$15, but the gapers are usually always between $1-$3.

I do. I am more talking about a stock that has the potential to move more than $1. Today CODX was sitting pretty for me. At 1030ish It was $9.30 when I saw it. It went to over $11 nearly $12. I look at it like this. $2.00 plus per share for CODX. Depending where you entered LUB was under $0.50 per share.

Its just a preference thing really. While the lower end stocks do run a bit, the big money(imo) is had at higher prices. Look at SDC and VVPR last week.

*while I didnt trade it SPRO did very well today too. And it was on the scanner.
 
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Gabrielx77

Member
I do. I am more talking about a stock that has the potential to move more than $1. Today CODX was sitting pretty for me. At 1030ish It was $9.30 when I saw it. It went to over $11 nearly $12. I look at it like this. $2.00 plus per share for CODX. Depending where you entered LUB was under $0.50 per share.

Its just a preference thing really. While the lower end stocks do run a bit, the big money(imo) is had at higher prices. Look at SDC and VVPR last week.

*while I didnt trade it SPRO did very well today too. And it was on the scanner.
I see what you're saying. Btw, LUB opened at $1.90 and ran to a high of $2.30. I get that it's not a $2 move per share, but I look at the percentage change rather than dollar per share change. Lub's change was $0.40/$1.90 = 21% and CODX opened at $8.90 with a high of $11.90. So even though it's change was around $3 per share, the percentage change was $3/$8.9 = 34%. Definitely performed better than LUB by 10%, but not that much of a difference imo. You are correct though; the biggest take away when comparing cheaper stocks to mid range stocks is the risk to reward (share sizes needed).

P.S. Thank you Thomas and Gildes for your scans. I'm gonna try them out tomorrow.
 
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Gildes

New member
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I do. I am more talking about a stock that has the potential to move more than $1. Today CODX was sitting pretty for me. At 1030ish It was $9.30 when I saw it. It went to over $11 nearly $12. I look at it like this. $2.00 plus per share for CODX. Depending where you entered LUB was under $0.50 per share.

Its just a preference thing really. While the lower end stocks do run a bit, the big money(imo) is had at higher prices. Look at SDC and VVPR last week.

*while I didnt trade it SPRO did very well today too. And it was on the scanner.

@jezzer46 which scanner are you using ? if you can point me the #post ? Thanks
 
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jezzer46

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@jezzer46 which scanner are you using ? if you can point me the #post ? Thanks

The original scan on post 1. However I have a few changes.
Volume is 100,000 min
%change is at 3% min
No unusual volume

I use the lower numbers because it cast a wider net and then on the watchlist I sort by total volume and then look for the highest rv1 with substantial volume.
*also the lower numbers help populate the watchlist faster on opening bell
 
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murkr

murkr

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Well, today was a bad day for trading these low float stocks. All the stocks on my scanner were down 30min after the bell. Is there an indicator that can help measure market sentiment for these low float stocks?
 
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Learnbot

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@Gabrielx77 thanks for the help first of all but I do have a quick question if you don't mind plz. So I was trying to find PM stocks to add it to my personal worklist and then narrow it down but your scanner didn't pull up any tickers for me. Can you please let me know what i am doing wrong?

the scanner settings i have are:

Last: 0.50 to 50
Volume: minimum 5000 to no max
Study: After Hour percent change The Close has moved greater than 10% in the after-hours trading.


I ran the scan at 6am (9m East coast time) and 6:21 am (9:21 am) with zero results.

what am i doing wrong?

thanks man
 
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slowmohockey

New member
This is an interesting scan (RV1), loaded it yesterday and watching today and the rest of this week. For those of you that have been using it, is there a minimum RV1 you have found to be effective/profitable? I.E., the highest RV1 stock showing up right now has an RV1 number of 17. I saw yesterday LUB had over 1000 RV1 number?
 
CDJay

CDJay

Member
VIP
@Gabrielx77 thanks for the help first of all but I do have a quick question if you don't mind plz. So I was trying to find PM stocks to add it to my personal worklist and then narrow it down but your scanner didn't pull up any tickers for me. Can you please let me know what i am doing wrong?

the scanner settings i have are:

Last: 0.50 to 50
Volume: minimum 5000 to no max
Study: After Hour percent change The Close has moved greater than 10% in the after-hours trading.


I ran the scan at 6am (9m East coast time) and 6:21 am (9:21 am) with zero results.

what am i doing wrong?

thanks man
In the Study, there is a check box at the top to include extended hours trading session. Make sure it's checked for your scan.
 
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Learnbot

Member
VIP
In the Study, there is a check box at the top to include extended hours trading session. Make sure it's checked for your scan.

So here is what my scan looks like: (i have selected as D since its default but i don't see the extended hours box, i might be missing something)
 
M

mansor

Member
So here is what my scan looks like: (i have selected as D since its default but i don't see the extended hours box, i might be missing something)
You need to change The "D" box on the right in the last section by clicking on it, it's aggregating on daily basis and not 1m "ext" basis after hours.. Bring it down to 1min & check the box next to "EXT". Don't forget to save the scan.

I am running it & I am getting STRM rv3.7, DKMR 2.8, RMTI 2.8 ( my price range is .20-15.00). Let me know, it should work.
 
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L

Learnbot

Member
VIP
You need to change The "D" box on the right in the last section by clicking on it, it's aggregating on daily basis and not 1m "ext" basis after hours.. Bring it down to 1min & check the box next to "EXT". Don't forget to save the scan.

I am running it & I am getting STRM rv3.7, DKMR 2.8, RMTI 2.8 ( my price range is .20-15.00). Let me know, it should work.

oh ok, i knew about changing to aggregation period and EXT i just wasn't sure what aggregation period this PM settings were supposed to be used with. Perfect i will try it out with 1min aggregation period thank you.


if u don't mind me asking, what were your top tickers (resulted from PM scanner) this am? were they STRM, DKMR and RMTI?
 
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mansor

Member
oh ok, i knew about changing to aggregation period and EXT i just wasn't sure what aggregation period this PM settings were supposed to be used with. Perfect i will try it out with 1min aggregation period thank you.


if u don't mind me asking, what were your top tickers (resulted from PM scanner) this am? were they STRM, DKMR and RMTI?

I didn't trade today so I can't answer the question. These (strm et al) are from running sonny's pm scan after hours around 6pm (et) today.
 

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