I have tried to develop screener to identify actions with the following criteria but it is impossible for me, some one could help me:
Price <or = 5 average
volume> 300000 last 90 days closing
volume> 1,000,000 relative volume 2 times the average
volume price> vwap
Thanks in advance
Miguel Angel – I edited your post as it was a mess of HTML that looked like inserted code. Perhaps you had a bad cut and paste from a translation tool. Please be careful when cutting and pasting text into your posts as it is a lot of work for moderators to tidy things up.
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Thank you 🙂
I deleted the topic in the Spanish forum.
Sorry, it´s the first time in this forum. What I really need is the folowing:
Price < or = 5
Average volume last 90 day >300000
Current volume > 1000000
Relative volume > 2
Price > vwap
thank in advance again
Miguel
DO NOT duplicate posts nor questions.
Please read the main rules highlighted in yellow below.
Thank you 🙂
There you go:
timeframe(default)
c1 = close <= 5
c2 = average[90](volume) > 300000
c3 = volume > 1000000
c4 = volume > (2 * average[20](volume))
if day <> day[1] then
d=0
else
d=d+1
if volume >0 then
VWAP = SUMMATION[d](volume*typicalprice)/SUMMATION[d](volume)
endif
endif
c5 = (VWAP > 0) AND (close > VWAP)
timeframe(default)
Cond = c1 AND c2 AND c3 AND c4 AND c5
SCREENER[Cond](volume as "Vol")
Sorry to interfere somewhat, but I like this … 🙂
Miguel, I don’t know which markets you like to trade this, but please notice that your volumes are too high for even Nasdaq OTC which would be the only suitable for this in the first place (I think !).
In itself you can leave the volume as it is, but then you must change the number of days to 10 (1 result) or 5 – though that won’t do your job of course.
Thus change Roberto’s lines 3 and 4 into these :
c2 = average[90](volume) > 30000 // Was 300000
c3 = volume > 100000 // was 1000000
and you will have some result but only with Nasdaq OTC. See attachment.
You will probably know to be very careful with this … You can gain a LOT but … … 😉
Addendum :
Although I screened for Nasdaq OTC, in PRT-IB we can not trade this (this is an IB interface issue). If I could have, I would have bought a couple of Signal (SIGL, WhatsApp alternative) when it was still a few “penny” (now at USD 30). So I am not sure whether you can trade Nasdaq OTC with PRT-IG. If not, it would be my (unsollicited) advice to set it up differently. Your volume idea obviously is fine, but not with 90 days and still 5 euros (hahaha). All in other words : mind this when your’e trying to get your first Screeners going.
Instead of going by volume, i would use exchanged capital for this. Volume*price.
