StockFetcher Forums · Filter Exchange · Benchmarking volume trend with horizontal reference lines<< >>Post Follow-up
styliten
228 posts
msg #159627
Ignore styliten
modified
10/1/2022 3:06:00 PM

This way, days with exceptionally high volumes (relative to the most recent 5 trading days as of yesterday) will stand out instantaneously to grab one's attention.

Sample code:

Fetcher[dow 30

DO NOT DRAW avgvol(5)

set{v_1220, cwma(volume 1 day ago multiply by 1.2200, 5)}
set{v_1230, cwma(volume 1 day ago multiply by 1.2300, 5)}
set{v_1240, cwma(volume 1 day ago multiply by 1.2400, 5)}
set{v_1250, cwma(volume 1 day ago multiply by 1.2500, 5)}
set{v_1260, cwma(volume 1 day ago multiply by 1.2600, 5)}
set{v_1270, cwma(volume 1 day ago multiply by 1.2700, 5)}
set{v_1280, cwma(volume 1 day ago multiply by 1.2800, 5)}

set{v_1720, cwma(volume 1 day ago multiply by 1.7200, 5)}
set{v_1730, cwma(volume 1 day ago multiply by 1.7300, 5)}
set{v_1740, cwma(volume 1 day ago multiply by 1.7400, 5)}
set{v_1750, cwma(volume 1 day ago multiply by 1.7500, 5)}
set{v_1760, cwma(volume 1 day ago multiply by 1.7600, 5)}
set{v_1770, cwma(volume 1 day ago multiply by 1.7700, 5)}
set{v_1780, cwma(volume 1 day ago multiply by 1.7800, 5)}

set{v_2220, cwma(volume 1 day ago multiply by 2.2200, 5)}
set{v_2230, cwma(volume 1 day ago multiply by 2.2300, 5)}
set{v_2240, cwma(volume 1 day ago multiply by 2.2400, 5)}
set{v_2250, cwma(volume 1 day ago multiply by 2.2500, 5)}
set{v_2260, cwma(volume 1 day ago multiply by 2.2600, 5)}
set{v_2270, cwma(volume 1 day ago multiply by 2.2700, 5)}
set{v_2280, cwma(volume 1 day ago multiply by 2.2800, 5)}

and draw avgvol(5) line at v_1220
and draw avgvol(5) line at v_1230
and draw avgvol(5) line at v_1240
and draw avgvol(5) line at v_1250
and draw avgvol(5) line at v_1260
and draw avgvol(5) line at v_1270
and draw avgvol(5) line at v_1280

and draw avgvol(5) line at v_1720
and draw avgvol(5) line at v_1730
and draw avgvol(5) line at v_1740
and draw avgvol(5) line at v_1750
and draw avgvol(5) line at v_1760
and draw avgvol(5) line at v_1770
and draw avgvol(5) line at v_1780

and draw avgvol(5) line at v_2220
and draw avgvol(5) line at v_2230
and draw avgvol(5) line at v_2240
and draw avgvol(5) line at v_2250
and draw avgvol(5) line at v_2260
and draw avgvol(5) line at v_2270
and draw avgvol(5) line at v_2280
]



Oftentimes, the very next trading day after a sell off day with massive volume is a good entry point, when the price was low in a cycle; consequently, a day with massive volume when the price is at the top is a good exit day.

cf. WMT:

WMT-Volume-Trend

xarlor
499 posts
msg #159628
Ignore xarlor
10/1/2022 7:25:48 PM

Because we're in a bear market, the safe bet is to buy Puts when the volume spikes right now. Go back and see what happens to tickers that spike in volume. Whether it gaps up or down, the majority end up heading down:

Fetcher[
dow 30

DO NOT DRAW avgvol(5)

set{v_1220, cwma(volume 1 day ago multiply by 1.2200, 5)}
set{v_1230, cwma(volume 1 day ago multiply by 1.2300, 5)}
set{v_1240, cwma(volume 1 day ago multiply by 1.2400, 5)}
set{v_1250, cwma(volume 1 day ago multiply by 1.2500, 5)}
set{v_1260, cwma(volume 1 day ago multiply by 1.2600, 5)}
set{v_1270, cwma(volume 1 day ago multiply by 1.2700, 5)}
set{v_1280, cwma(volume 1 day ago multiply by 1.2800, 5)}

set{v_1720, cwma(volume 1 day ago multiply by 1.7200, 5)}
set{v_1730, cwma(volume 1 day ago multiply by 1.7300, 5)}
set{v_1740, cwma(volume 1 day ago multiply by 1.7400, 5)}
set{v_1750, cwma(volume 1 day ago multiply by 1.7500, 5)}
set{v_1760, cwma(volume 1 day ago multiply by 1.7600, 5)}
set{v_1770, cwma(volume 1 day ago multiply by 1.7700, 5)}
set{v_1780, cwma(volume 1 day ago multiply by 1.7800, 5)}

set{v_2220, cwma(volume 1 day ago multiply by 2.2200, 5)}
set{v_2230, cwma(volume 1 day ago multiply by 2.2300, 5)}
set{v_2240, cwma(volume 1 day ago multiply by 2.2400, 5)}
set{v_2250, cwma(volume 1 day ago multiply by 2.2500, 5)}
set{v_2260, cwma(volume 1 day ago multiply by 2.2600, 5)}
set{v_2270, cwma(volume 1 day ago multiply by 2.2700, 5)}
set{v_2280, cwma(volume 1 day ago multiply by 2.2800, 5)}

and draw avgvol(5) line at v_1220
and draw avgvol(5) line at v_1230
and draw avgvol(5) line at v_1240
and draw avgvol(5) line at v_1250
and draw avgvol(5) line at v_1260
and draw avgvol(5) line at v_1270
and draw avgvol(5) line at v_1280

and draw avgvol(5) line at v_1720
and draw avgvol(5) line at v_1730
and draw avgvol(5) line at v_1740
and draw avgvol(5) line at v_1750
and draw avgvol(5) line at v_1760
and draw avgvol(5) line at v_1770
and draw avgvol(5) line at v_1780

and draw avgvol(5) line at v_2220
and draw avgvol(5) line at v_2230
and draw avgvol(5) line at v_2240
and draw avgvol(5) line at v_2250
and draw avgvol(5) line at v_2260
and draw avgvol(5) line at v_2270
and draw avgvol(5) line at v_2280


set{trigger,count(volume > v_2280,1)}
trigger > 0
add column trigger
sort column 5 descending
]



styliten
228 posts
msg #159629
Ignore styliten
modified
10/1/2022 8:48:25 PM

@ Xaylor

However, with volatility unusually high at this very moment, it would be more prudent to wait till this coming Monday to know for sure whether NKE is already "oversold" on Friday 9/30/22 OR it's heading further South into Gulf of Mexico.

Changing "dow 30" to "nasdaq 100" and LULU happens to be the only 1 that showed up with your added trigger:

Lulu-2022-0930

In LULU's case, volume on gap up day 9/2/22 was much higher than the day before, but with close below open, the sense of direction wasn't entirely clear till the day after, which was 9/6/22, the first trading day after Labor Day long weekend.

The 7% drop in price on 9/30/22 for LULU is perhaps a collateral damage from NKE. It would be interesting and important to wait till Monday to see which direction LULU is heading from this point forward.

cf. UA (volume was usually high last Friday--another victim of collateral damage, but didn't meet the trigger criteria):

UA-2022-0930

In short, the more extreme daily volume happens to be (compared to avgvol(5)), the more likely the following day could be an entry day for swing trades.

PS

When the trigger threshold is lowered from v_2280 to v_1720, 5 tickers from Nasdaq 100 met the criteria, to which WDC is added for comparison purposes:

Oversold-2022-0930

Volumes for MDLZ, XEL, LULU and JBHT were huge on Friday, but not 300 or 400% higher than avgvol(5), so it would be difficult to conclude they were already oversold at last Friday's close. WDC and MU on the other hand, had some inkling for an uptrend, esp. for WDC; its recent volumes are big enough to put it on the radar screen but not huge enough to enter into a position.

shillllihs
5,804 posts
msg #159631
Ignore shillllihs
10/3/2022 1:40:32 AM

Fetcher[show stocks where high 1 day ago is below high 2 days ago
show stocks where high 1 day ago is above close 2 days ago
show stocks where high is below high 1 day ago
show stocks where high is above close 1 day ago
show stocks where close is below open
volume is above 2000000
price is between 1 and 1000

DO NOT DRAW avgvol(5)

set{v_1220, cwma(volume 1 day ago multiply by 1.2200, 5)}
set{v_1230, cwma(volume 1 day ago multiply by 1.2300, 5)}
set{v_1240, cwma(volume 1 day ago multiply by 1.2400, 5)}
set{v_1250, cwma(volume 1 day ago multiply by 1.2500, 5)}
set{v_1260, cwma(volume 1 day ago multiply by 1.2600, 5)}
set{v_1270, cwma(volume 1 day ago multiply by 1.2700, 5)}
set{v_1280, cwma(volume 1 day ago multiply by 1.2800, 5)}

set{v_1720, cwma(volume 1 day ago multiply by 1.7200, 5)}
set{v_1730, cwma(volume 1 day ago multiply by 1.7300, 5)}
set{v_1740, cwma(volume 1 day ago multiply by 1.7400, 5)}
set{v_1750, cwma(volume 1 day ago multiply by 1.7500, 5)}
set{v_1760, cwma(volume 1 day ago multiply by 1.7600, 5)}
set{v_1770, cwma(volume 1 day ago multiply by 1.7700, 5)}
set{v_1780, cwma(volume 1 day ago multiply by 1.7800, 5)}

set{v_2220, cwma(volume 1 day ago multiply by 2.2200, 5)}
set{v_2230, cwma(volume 1 day ago multiply by 2.2300, 5)}
set{v_2240, cwma(volume 1 day ago multiply by 2.2400, 5)}
set{v_2250, cwma(volume 1 day ago multiply by 2.2500, 5)}
set{v_2260, cwma(volume 1 day ago multiply by 2.2600, 5)}
set{v_2270, cwma(volume 1 day ago multiply by 2.2700, 5)}
set{v_2280, cwma(volume 1 day ago multiply by 2.2800, 5)}

and draw avgvol(5) line at v_1220
and draw avgvol(5) line at v_1230
and draw avgvol(5) line at v_1240
and draw avgvol(5) line at v_1250
and draw avgvol(5) line at v_1260
and draw avgvol(5) line at v_1270
and draw avgvol(5) line at v_1280

and draw avgvol(5) line at v_1720
and draw avgvol(5) line at v_1730
and draw avgvol(5) line at v_1740
and draw avgvol(5) line at v_1750
and draw avgvol(5) line at v_1760
and draw avgvol(5) line at v_1770
and draw avgvol(5) line at v_1780

and draw avgvol(5) line at v_2220
and draw avgvol(5) line at v_2230
and draw avgvol(5) line at v_2240
and draw avgvol(5) line at v_2250
and draw avgvol(5) line at v_2260
and draw avgvol(5) line at v_2270
and draw avgvol(5) line at v_2280


set{trigger,count(volume > v_2280,1)}
trigger > 0
add column trigger
sort column 5 descending
]



StockFetcher Forums · Filter Exchange · Benchmarking volume trend with horizontal reference lines<< >>Post Follow-up

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