thanks for the post, yep you must be time adjusting it.
non time adjusted is 230K.
here's the time adjusted Vol% equation:
-----
Here is a simple formula that I use to decide how the volume %
is acting during the day:
[total volume
/hours into the trading day
]multiplied by 6.5
(trading hours in a day
)
You then compare your result to the 60 day average daily volume
for the stock.
Here's an Example:
Stock ABC has a breakpoint of $10.25 with a 60 day average
volume of 500,000 shares. At 11:30 eastern time, stock ABC broke
the $10.25 price resistance (breakpoint) and there has been 100,000
shares traded so far.
Should you go long this breakout stock since it has broken the
$10.25 resistance? The answer would be NO, because by using the
following formula, the adjusted volume is only 325,000 shares,
which does not meet or exceed the 500,000 share 60 daily average
volume.
CDTI %vol?
CDTI
Posted by kalinm on 12th of Jan 2011 at 11:30 am
Hey Matt,
Looks like CDTI has even bigger volume today than yesterday. What does the Medved say? Waiting for the pop.
In case Matt's busy --
Posted by bkout3 on 12th of Jan 2011 at 11:42 am
In case Matt's busy -- I show CDTI on track to do 820% vol. Yest was 601%. However the 5 min chart shows some of the vol is on the sell side
Title: click to expand thanks for
Posted by matt on 12th of Jan 2011 at 11:48 am
thanks for the post, yep you must be time adjusting it. non time adjusted is 230K.
here's the time adjusted Vol% equation:
-----
Here is a simple formula that I use to decide how the volume % is acting during the day:
[total volume /hours into the trading day ]multiplied by 6.5 (trading hours in a day )
You then compare your result to the 60 day average daily volume for the stock.
Here's an Example:
Stock ABC has a breakpoint of $10.25 with a 60 day average volume of 500,000 shares. At 11:30 eastern time, stock ABC broke the $10.25 price resistance (breakpoint) and there has been 100,000 shares traded so far.
Should you go long this breakout stock since it has broken the $10.25 resistance? The answer would be NO, because by using the following formula, the adjusted volume is only 325,000 shares, which does not meet or exceed the 500,000 share 60 daily average volume.
100,000 / 2 = 50,000
50,000 x (6.5) = 325,000
cdti
Posted by hazbin1 on 12th of Jan 2011 at 12:09 pm
BPT, thanks Matt for the heads up, took a position on the p/b @~11am est, now 1 hour later and 50 cents, back out, NEXT....