Question on average daily volume

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  • 03/29/2021 at 11:27 AM #165615 quote
    RubberToe
    Participant
    Average

    I’ve gone through the first course on coding for indicators, and have been testing some small programs.

    I want to start working with the screener now.

    One item I’m looking for that I don’t see is the Average Daily Volume as a filter.  Is there a premade variable I’m not seeing, or do I need to write some code lines to filter results in regards to ADV?

    For instance, I want to start with a screener that only returns instruments with an average daily value over 3 million shares (maybe 10 days simple average for starters).

    03/29/2021 at 1:11 PM #165635 quote
    Nicolas
    Keymaster
    Master

    Apply an average of 10 periods onto Volumes:

    adv = average[10](volume)

    Make a condition based on this variable:

    c1 = adv > 3000000
    RubberToe thanked this post
    03/29/2021 at 1:52 PM #165638 quote
    RubberToe
    Participant
    Average

    Thanks you very much Nicholas.

    I believe there is a daily command to lock the ADV into daily average, while the screener runs on a shorter term timeframe?

    03/29/2021 at 2:50 PM #165642 quote
    Nicolas
    Keymaster
    Master

    Here is the complete screener:

    timeframe(daily)
adv = average[10](volume)
c1 = adv > 3000000

timeframe(default)
//put here (the other timeframe selected in the proscreener dropdown list) conditions

screener[c1]
    RubberToe thanked this post
    04/29/2024 at 11:26 AM #232024 quote
    RTR
    Participant
    New

    I don´t know what is happening but if for example I use a Proscreener like the one on this thread to filter out stocks that are below a certain volume (for example 100.000 daily stocks traded) and after getting the results I go to another webpage (like marketscreener) the volume in prorealtime does not coincide at all with the volume at marketscreener or any other financial website.

    Even worst because if I run a proscreener to filter out stocks that are below a certain volume I still get stocks in the results that are below that limit and even with much lower volume than what I intented with the filter.  For example I set a proscreener to filter out those stocks in a market that are below 100.000 daily stocks and there are still like 20 stocks with volume as low as 5000 or 8000 stocks traded. Why does this happen?

    I just want to filter out stocks that their average capital traded for the last 7-10 days is below a certain limit but I still get stocks that are way below this limit. So, how can we solve it? Or do the volume results in Prorealtime are very different from the real traded volume for any reason?

    Thanks again!

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Question on average daily volume


ProScreener: Market Scanners & Detection

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RubberToe @rubbertoe Participant
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This topic contains 4 replies,
has 3 voices, and was last updated by RTR
1 year, 10 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 03/29/2021
Status: Active
Attachments: No files
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