StockFetcher Forums · Filter Exchange · New Filter: Liquidity<< >>Post Follow-up
RoyPope
12 posts
msg #122942
Ignore RoyPope
2/26/2015 2:23:41 AM

I know some folks like to play the pennies from time to time (I know I do), but nobody wants to buy something that they cannot easily sell. Right?

At barcharts.com they have a liquidity ratio expressed simply as a 100-Day Average Volume Divided by Shares Outstanding. I decided to work with that, as follows...

I realize that pump-n-dumps commonly associated with pennies create huge spikes in volume which would result in a 100-Day Average Volume which would carry forward long after the "dump" was done and result in a meaningless liquidity ratio. So, I modified the formula to simply use a much shorter-term Average Volume figuring this would result in a more realistic current liquidity ratio.

Anyhow, I put together this little filter to help locate pennies that would be easier to enter and exit short-term positions with. Hope some of you might be able to use it, or contribute modifications to improve upon it.

Fetcher[
Market is not OTCBB
Price between 0.01 and 1

set{SOK, Shares Outstanding * 1000}
set{TLIQ, Average Volume(2) / SOK}
TLIQ greater than 10

set{myvol, 100000}
Average Volume(20) greater than myvol
Average Volume(20) 20 days ago greater than myvol
Average Volume(20) 40 days ago greater than myvol
Average Volume(20) 60 days ago greater than myvol
Average Volume(20) 80 days ago greater than myvol
Average Volume(20) 100 days ago greater than myvol

Add Column TLIQ
Add Column Average Volume(20){AVol20}
Add Column Average Volume(20) 20 days ago{AVol2020}
Add Column Average Volume(20) 40 days ago{AVol2040}
Add Column Average Volume(20) 60 days ago{AVol2060}
Add Column Average Volume(20) 80 days ago{AVol2080}
Add Column Average Volume(20) 100 days ago{AVol20100}

Sort column 5 descending
]



StockFetcher Forums · Filter Exchange · New Filter: Liquidity<< >>Post Follow-up

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