Scan for stocks decreasing in volume

ddtav478

New member
I'm very new and not great with thinkscript. I am trying to research the strength of a stock and I would like to know if anyone knows of a script that will scan for stocks that are below the 5 day average of volume (any number will do, I can change it later). Or a scanner that will find stocks that have decreased 5% or more below the last couple of days. I used the condition wizard as well as the unusual volume study in thinkorswim and I had no luck.

f60feefa0256636cdf3c04ecd393b0d7-full.png


The red circle is what I'm hoping the scanner will find on a daily chart like this one. I'm trying to scan stocks that are basically dropping off volume. Perhaps 3 or more bars have a decrease in volume from a 5 day average. So maybe like precursor, or warning. Any help is appreciated. Thankyou.
 
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XeoNoX

Well-known member
VIP
when scanning you are COMPARING two data points. if you COMPARE anything it takes a minimum of atleast TWO things to compare .
To answer your question.... One side is being compared to the other.

so that screenshot pretty much says:

compare and make sure that VolumeAvge from past 50 bars is less than the VolumeAvge of the past 5 bars within 1 bar.

so if that is true it will be a scan result when you scan.
 

ddtav478

New member
when scanning you are COMPARING two data points. if you COMPARE anything it takes a minimum of atleast TWO things to compare .
To answer your question.... One side is being compared to the other.

so that screenshot pretty much says:

compare and make sure that VolumeAvge from past 50 bars is less than the VolumeAvge of the past 5 bars within 1 bar.

so if that is true it will be a scan result when you scan.
Legendary. Thank you both.
 

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