Author Topic: vol_trend  (Read 90 times)

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vol_trend
« on: 20 Sep 2022, 14:06 »
Goof Afternoon

Should be an easy one. I have been using lt_trend and understand that a negative value (i.e -0.2) would indicate a price shortening so reducing in price - say from 2 to 1.8.

Applying the above logic - Would a negative value such as the above example mean the same thing for volume? As I am trying to catch runners who have increased in volume not reduced - so would it be a positive in this instance - like 20 to 22% be 0.1 or above? The opposite of the lt_trend measure?

I welcome any feedback. 

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Re: vol_trend
« Reply #1 on: 20 Sep 2022, 17:56 »
Hi
vol_trend and lt_trend are chart related and depend on the settings and timeframe of the chart and are lagging indicators. You are right on lt_trend but I'm not sure how vol_trend works. I think it relates to increase or decrease in a selection's volume percentage.

For your purpose I would suggest sorting your selections by volume, and then selecting the top volumes

for example:

...your conditions followed by
and selections sorting order is defined by volume
and selections trigger expression match_index is between matching_number -3 and matching_number

this will pick the top four volumes.

the variable volume is the sections volume percentage in the market
if you wanted to work with the actual matched volume on a selection, replace volume with:
market_volume*(volume/100)

again, you can do the same with voldif_ e.g.

...your conditions followed by
and selections sorting order is defined by voldif_5
and selections trigger expression match_index is between matching_number -3 and matching_number

this will pick the top four selections whose actual matched volume increase is the highest during the last 5 minutes

       
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