The image below comes from Twitter and from this trader @team3dstocks

**Update #1**: @XeoNoX built his own version of the Volume Forecast indicator here: https://usethinkscript.com/threads/...ator-for-stocks-in-thinkorswim.307/post-48137

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- Thread starter zeek
- Start date

The image below comes from Twitter and from this trader @team3dstocks

Here something I found on the tube

Code:

```
# PreMarketForecast Volume
# TOS
def LabelTime = if SecondsFromTime(0800) > 0 and
SecondsTillTime(1000) >= 0
then 1
else 0;
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 PreMarketVol = if IsNaN(vol) then PreMarketVol[1] else vol;
AddLabel(LabelTime, "PreMarket Volume = " + PreMarketVol, Color.WHITE);
```

How to find a comparable:

- Try this: https://usethinkscript.com/threads/yesterdays-volume-vs-todays-volume-at-same-time-indicator.317/
- Use the search box above.
- Go to the Universe of Thinkscript in the Tutorials on our site. There's more there than can be read in a week. When you open the onedrive link, look for a tab that says 02. Education Scripts and StanL Snippets (200 pages of indexed goodies). Then go to Tab 14, JQs Workshop. From there the 3rd tab will be 'Other Onenote. Inside are 2 excellent resources. The first one will have labels galore, Duncan's Onenote.

That script by Enigma is also good but unfortunately does not show forecasting of volume.

This trader also has a VF tool and he hints in one of his tweets on what to look for when building a forecast tool. The blogpost he mention is this one by EpicaCapital talking about relative strength & weakness for intraday trading https://www.siliconinvestor.com/readmsg.aspx?msgid=29390810

The first step is to figure out the formula used to do the forecasting. Once we know this, coding the tool should be fairly easy is my guess.

This trader also has a VF tool and he hints in one of his tweets on what to look for when building a forecast tool. The blogpost he mention is this one by EpicaCapital talking about relative strength & weakness for intraday trading https://www.siliconinvestor.com/readmsg.aspx?msgid=29390810

The first step is to figure out the formula used to do the forecasting. Once we know this, coding the tool should be fairly easy is my guess.

Last edited by a moderator:

Here is another interesting study on : Intra-daily Volume Modeling and Prediction for Algorithmic Trading: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.587.4596&rep=rep1&type=pdf

In example 1, symbol MBIO traded about 38 million shares on april 18th 2019 and as you can see, the volume forecast was very close to the actual end of day volume.

In example 2, symbol MBRX on april 22nd had a volume forecast of 19,6 million shares and the end of day volume was over 4 times of that.

So basically, as soon as the traded volume exceeds the forecasted volume early in the day, its a good sign to stay away from shorting because of the imbalance between demand/supply. Vice versa, when the traded volume doesn't even come close to exceed the forecasted volume, its very likely to fade and can be a good short opp as can be seen in the charts.

Example 1

Example 2

I did came across this interesting blog post the other day about how to create a VF model and there are some basic starting guidelines in there. This blog post belongs to another trader i found on twitter who also has a VF tool. https://inthemoneyadds.com/how-to-create-volume-forecast-model-backed-by-data/

@zeek

I would question everything and everybody you see on twitter with regards to trading. Most of those folks are in cahoots with each other and will promote the same penny stocks through various accounts each with their own secret strategy. For example in the image you posted for the stated traded account. There is no such thing as Volume Forecast, he is just taking simple math and renaming as if it's some new volume indicator.

For example, in the stock in the image show, MBRX, this guy's magical indicator shows the below numbers:

Plug the above numbers in the calculator and you get:

Now, he posted the chart at the end of the day at 5:15 pm after the market closed showing how his "secret" Volume Forecast indicator forecasted the end of the day volume to be at 421 percent.

Now, let's get down and get in the weeds. All he is doing is taking a commonly shared Volume Stats indicator which is shared on this forum and various other locations, renaming the labels, removing some of the other labels and touting is as some new "Volume Forecast" indicator.

Below is one of the threads on this forum where this indicator is shared.

Volume Stats Indicator: https://usethinkscript.com/threads/custom-thinkscript-volume-stats-for-thinkorswim.970/

How is he trying to dupe new investors?

He is posting the charts at the end of the day and showing how his indicator forecasted the volume to be to the exact percentage of volume traded for the day. Genius, right?

Let's check the labels on his indicator. So the label on his indicator VF is nothing more than the average for the last 20 or 30 days.

The Volume so Far label is nothing more than the volume traded for the day. The % of VF is nothing much more than these two numbers divided to arrive at a percentage of volume traded so far for that day.

Posting the chart at the end of the day makes him seem like a genius because he supposedly he "forecasted" the volume to be at the level and with the right chart showing a parabolic move upwards make him seem like his indicator is the next big thing.

The reality is, he didn't forecast anything. He just took the volume traded today vs the average traded for the last 30 days (or whatever other time period he has) and divided these up to arrive at the percentage.

There is no way me and you can forecast tomorrow's volume unless you're part of a dark pool or insider trader. With the indicators shared on this forum, you can create your own strategy that will blow these fake hucksters from twitter out of the water. Be cautious and don't get duped by them.

I would question everything and everybody you see on twitter with regards to trading. Most of those folks are in cahoots with each other and will promote the same penny stocks through various accounts each with their own secret strategy. For example in the image you posted for the stated traded account. There is no such thing as Volume Forecast, he is just taking simple math and renaming as if it's some new volume indicator.

For example, in the stock in the image show, MBRX, this guy's magical indicator shows the below numbers:

VF: 19,677,066

Volume so Far: 82,891,156

% of VF: 421

Plug the above numbers in the calculator and you get:

VF / Volume so Far = % of VF

82,891,156 / 19,677,066 = 4.21

Now, he posted the chart at the end of the day at 5:15 pm after the market closed showing how his "secret" Volume Forecast indicator forecasted the end of the day volume to be at 421 percent.

Now, let's get down and get in the weeds. All he is doing is taking a commonly shared Volume Stats indicator which is shared on this forum and various other locations, renaming the labels, removing some of the other labels and touting is as some new "Volume Forecast" indicator.

Below is one of the threads on this forum where this indicator is shared.

Volume Stats Indicator: https://usethinkscript.com/threads/custom-thinkscript-volume-stats-for-thinkorswim.970/

How is he trying to dupe new investors?

He is posting the charts at the end of the day and showing how his indicator forecasted the volume to be to the exact percentage of volume traded for the day. Genius, right?

Let's check the labels on his indicator. So the label on his indicator VF is nothing more than the average for the last 20 or 30 days.

The Volume so Far label is nothing more than the volume traded for the day. The % of VF is nothing much more than these two numbers divided to arrive at a percentage of volume traded so far for that day.

Posting the chart at the end of the day makes him seem like a genius because he supposedly he "forecasted" the volume to be at the level and with the right chart showing a parabolic move upwards make him seem like his indicator is the next big thing.

The reality is, he didn't forecast anything. He just took the volume traded today vs the average traded for the last 30 days (or whatever other time period he has) and divided these up to arrive at the percentage.

There is no way me and you can forecast tomorrow's volume unless you're part of a dark pool or insider trader. With the indicators shared on this forum, you can create your own strategy that will blow these fake hucksters from twitter out of the water. Be cautious and don't get duped by them.

Last edited by a moderator:

First, team3dstocks is not "so accurate" as

Regarding the indicator itself, the post I wrote should help you create VF model exactly like the one I use. The bottom line is that after creating it, my accuracy in one of my strategies (late day fade of micro cap stocks 1st day) went up from 41% with 1:2 RR to 52% with 1:2.55 RR, and I'm sure there are many more strategies that can gain some extra edge with VF.

Happy trading

Regarding the last bold highlight about forecasting. Yes, if you look at those pics i posted earlier it may seem like it was all in hindsight and i can see why you think there is no way to forecast the volume but trust me, i`ve seen how this tool works many times and if you had read all of team3dstocks tweets you would also know that he has posted several times early in the day about the traded volume exceeding the VF so it`s not just hindsight posting after the close like you are trying to insinuate.

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