Relative Volume Strategy and Momentum Scanner for ThinkorSwim

[CDJay]

@Sonny If I want to find $20 and up stocks using this scanner, do I use the same criteria and just switch the price to $20 and up?

Yes

 

[CDJay]

The Custom Study you have put in is "After Hours Price Change", will TOS consider the PreMarket as After Hours?

I believe TOS considers both as Extended Hours, so yes if you've checked the box for using extended hours.

 

[jezzer46]

What a day! SPI started and all the other energy stocks came up with it. 2 straight weeks of low volatility, this was what I was waiting for. Stocks traded today that was on the list : SPI, SUNW, DPW, POLA

 

[coolvoice3]

I have used the Momo Scan provided here as below, When a Ticker pops into the watchlist, I see that the major move is already completed, is there any way we can adjust this to showcase sooner than later.
Last = .50 to 15
Volume > 100,000
%change >=10%
Shares = 1 to 70,000,000
Custom = plot scan = close >(Open * 1.03)
Unusual Volume - Volume increased at least 40% in typical average over 60 periods "D"

I am looking out to adjust this scan to show the Momo scan when its ready to move and not when the move is already completed.

Thanks

 

[Khahuy12]

What a day! SPI started and all the other energy stocks came up with it. 2 straight weeks of low volatility, this was what I was waiting for. Stocks traded today that was on the list : SPI, SUNW, DPW, POLA

Did u use btd with settings that you mentioned earlier to trade?

 

[jezzer46]

Did u use btd with settings that you mentioned earlier to trade?

Yes and no. When the stocks where trading with relatively high volatility I waited and used the BTD. However, once those stocks started getting into a frenzy buying dips is hard so I switched to breakout buying.

 

[murkr]

Man I got smashed today by POLA, SUNW, and OEG.

I'm trading based on my fib levels but there were such big moves that I kept getting stopped out.

 

[jezzer46]

Man I got smashed today by POLA, SUNW, and OEG.

I'm trading based on my fib levels but there were such big moves that I kept getting stopped out.

Keep at it. I used to be the same way. Eventually you build up a sense to when to buy and sell. I traded those 3 plus NCTY today and I only failed at POLA (small loss) only because I didnt follow my gut feeling.

 

[murkr]

My problem was I took a trade when there was low liquidity and the price tanked 20% in one second.
Does anyone know of an indicator that can help me measure liquidity so this doesn't happen again? @BenTen ?

 

[BenTen]

@murkr There are a number of factors you can look at:

• volume
• bid/ask spread
• order depth

 

[msiroc]

@Sonny This scanner and strategy are awesome. Thanks! I'm new to TOS coding and trying to learn everything I can. What exactly does " plot scan = close >= (open*1.04); " mean?

 

[markos]

@msiroc please go to this location and read up on it. Form the Tutorials section: http://b.link/tSCommunity
Everything regarding code and scripts is here. This will take you quite a while to study but is the best resource.

 

[twitty_twit]

Hi @Ginu09,

I have a couple of follow-up questions:

1. How did you add the net % change condition to the scanner? Did you select "Study" and "AfterHours_Percentage_Change" under Price Performance? Also, is it set to 1m or D?

2. Finally, do u mind sharing the watchlist code for #2 (= a watchlist column to identify if the stock has crossed the pre-market high)?

Thanks so much

 

[Joseph Patrick 18]

Hi @Sonny have you fixed the RV1 code yet on the Color Coded Watchlist Columns? Because me and some other members are having loading issues with it. About half of the "Gainers" show RV1 values then the other half say "loading" and "NaN". And lastly are we just purely focusing on the highest RV1 value in Cyan or across the board Cyan? Thanks in advance.

 

[jezzer46]

Hi @Sonny have you fixed the RV1 code yet on the Color Coded Watchlist Columns? Because me and some other members are having loading issues with it. About half of the "Gainers" show RV1 values then the other half say "loading" and "NaN". And lastly are we just purely focusing on the highest RV1 value in Cyan or across the board Cyan? Thanks in advance.

I have been following this thread for a while now and unfornutaley SONNY hasnt posted in a very long time.

 

[rad14733]

Hi @Sonny have you fixed the RV1 code yet on the Color Coded Watchlist Columns? Because me and some other members are having loading issues with it. About half of the "Gainers" show RV1 values then the other half say "loading" and "NaN". And lastly are we just purely focusing on the highest RV1 value in Cyan or across the board Cyan? Thanks in advance.

@Joseph Patrick 18 : I think Sonny has left the building...

Sonny
Joined May 7, 2020
Last seen Jul 22, 2020

 

[Joseph Patrick 18]

I have been following this thread for a while now and unfornutaley SONNY hasnt posted in a very long time.

Ok thanks appreciate it.

@Joseph Patrick 18 : I think Sonny has left the building...

Sonny
Joined May 7, 2020
Last seen Jul 22, 2020

Ok thanks appreciate it.

 

[crawford5002]

If I was to use the 10 day period, what would I change the current volume increased %?

 

[cos251]

Ok thanks appreciate it.

Ok thanks appreciate it.

@Joseph Patrick 18 - I use this for a Relative Volume Watchlist Column - may or may not be useful to you. I found it on this site. Forget which thread.

def isRollover = GetYYYYMMDD() != GetYYYYMMDD()[1];
def beforeStart = GetTime() < RegularTradingStart(GetYYYYMMDD());
def vol = if isRollover and beforeStart then volume else if beforeStart then vol[1] + volume else Double.NaN;
def PMV = if IsNaN(vol) then PMV[1] else vol;
def AV = AggregationPeriod.DAY;
def x = Average(Volume(period=AV)[1],60);
def y1 = Round((PMV/x),2);
def L = Lg(y1);
def p = if L>=1 then 0 else if L>=0 then 1 else 2;
def y2 = Round(y1,p);
#plot z = y2;
#z.assignValueColor(if z>=10 then color.CYAN else if z>=1 then createcolor(255,153,153) else createcolor(0,215,0));
AssignBackgroundColor(if y2 > 10 then Color.BLUE
else if y2 > 8 then Color.DARK_GREEN
else if y2 > 6 then Color.GREEN
else if y2 > 4 then Color.LIGHT_GREEN
else if y2 > 2 then Color.LIME
else if y2 > 1 then Color.YELLOW
else if y2 < 1 then Color.ORANGE else Color.BLACK);
AddLabel(yes, y2, Color.BLACK);

 

[kmg526]

@Gabrielx77 Would this work with a 5 min chart or is it better on a 15 min?