I agree that the better way to watch the volume is on a time
adjusted basis (which I think Medved QuoteTracker does not do).
It's easy to do this using TD Ameritrade's Strategy Desk. The image
below has some of today's stocks sorted by %V which is the daily
volume percentage relative to the 50 day moving average **IF** the
stock continues to trade at the same rate for the rest of the day.
The number tends to be too high in the early going because of the
rush of trading at the open. I think you can open an account at TDA
for $2000. and even if you never trade there IMO it would be worth
it just to have this tool. The average could be based on 60 days if
preferred. I'll PM the formula to anyone that wants it. BTW the
first 3 col show the position of the stock within the 65 day, 20
day and today's range -- so at stock at the high of the day will
show 100 in the %DR col. The alarm just came up on PPC -- I can
look and see that while PPC is at HOD it is only on track to trade
74% of average volume. Doesn't mean volume can't come in if the
stock starts showing up on screens and attracting buyers but at the
moment that's what's happening. Sometimes it's good to check a 1
minute chart to see more of where the volume is.
first off, the quote prices are real time from the alerts on the
watchlist and the pop ups are real time! As I said, we have to pay
about $800 a month for those quotes, very expensive.
as far as vol, I think it's delayed 15 min, however after the
first hr or so it can give a good guilde line, even if it's
delayed, it's still very useful. For example if a stock is
trading over 100% relative volume at 11 am real time, then I'm sure
the vol% from 10:45 am delayed is still high enough to show a high
vol%
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Title: Volume percent -- the
Medved Quote Tracker - Education on using it to trade setups
Posted by bkout3 on 12th of Jan 2011 at 10:10 am
I agree that the better way to watch the volume is on a time adjusted basis (which I think Medved QuoteTracker does not do). It's easy to do this using TD Ameritrade's Strategy Desk. The image below has some of today's stocks sorted by %V which is the daily volume percentage relative to the 50 day moving average **IF** the stock continues to trade at the same rate for the rest of the day. The number tends to be too high in the early going because of the rush of trading at the open. I think you can open an account at TDA for $2000. and even if you never trade there IMO it would be worth it just to have this tool. The average could be based on 60 days if preferred. I'll PM the formula to anyone that wants it. BTW the first 3 col show the position of the stock within the 65 day, 20 day and today's range -- so at stock at the high of the day will show 100 in the %DR col. The alarm just came up on PPC -- I can look and see that while PPC is at HOD it is only on track to trade 74% of average volume. Doesn't mean volume can't come in if the stock starts showing up on screens and attracting buyers but at the moment that's what's happening. Sometimes it's good to check a 1 minute chart to see more of where the volume is.
BTW guys, you do know
Posted by matt on 12th of Jan 2011 at 10:13 am
BTW guys, you do know that the watchlist does this right? It shows vol% adjusted for time. It's been there for many months.
I had my programmer add that calculation months ago
Matt, Is it still time
Posted by bkout3 on 12th of Jan 2011 at 10:14 am
Matt, Is it still time delayed?
first off, the quote prices
Posted by matt on 12th of Jan 2011 at 10:18 am
first off, the quote prices are real time from the alerts on the watchlist and the pop ups are real time! As I said, we have to pay about $800 a month for those quotes, very expensive.
as far as vol, I think it's delayed 15 min, however after the first hr or so it can give a good guilde line, even if it's delayed, it's still very useful. For example if a stock is trading over 100% relative volume at 11 am real time, then I'm sure the vol% from 10:45 am delayed is still high enough to show a high vol%