YSIbroke out today, it had good volume, here's an educational
example for calculating the adjusted intra day volume using the
average 60 day average volume
Remember my formula for calculating the average volume for
intra day
YSI has a 60 day average volume of 455K. The volume today
is already at 500K. And basically we now have 3 trading hrs
in the day, so (500K/3) * 6.5 = an adjusted volume of 1083K.
And 1083K/455K * 100 = volume of 238% higher than the 60 day
average volume. That's good! Anything over 100% is good
and higher is better.
For YSI, it's had a nice move, so not at least move stops up to
your entry price to ensure that you can't take a loss and maybe
take some off the table soon to lock in some partial profits
My hope would be for the watch list alerts system to
automatically calculate this volume for you during the day and have
it displayed in the alert. That way you can see for a breakout
stock if the adjusted volume is above or below the average volume
and thus could be used to either
ignore a breakout stock
that triggeres on a volume percentage
lowerthan 100%. Just a
thought.
YSI and example for intra day volume calculation
Posted by matt on 4th of Aug 2009 at 12:23 pm
YSI broke out today, it had good volume, here's an educational example for calculating the adjusted intra day volume using the average 60 day average volume
Remember my formula for calculating the average volume for intra day
see this example,
YSI has a 60 day average volume of 455K. The volume today is already at 500K. And basically we now have 3 trading hrs in the day, so (500K/3) * 6.5 = an adjusted volume of 1083K. And 1083K/455K * 100 = volume of 238% higher than the 60 day average volume. That's good! Anything over 100% is good and higher is better.
For YSI, it's had a nice move, so not at least move stops up to your entry price to ensure that you can't take a loss and maybe take some off the table soon to lock in some partial profits
My hope would be for
Posted by matt on 4th of Aug 2009 at 12:27 pm
My hope would be for the watch list alerts system to automatically calculate this volume for you during the day and have it displayed in the alert. That way you can see for a breakout stock if the adjusted volume is above or below the average volume and thus could be used to either ignore a breakout stock that triggeres on a volume percentage lowerthan 100%. Just a thought.
Matt that would be awesome!!!
Posted by slater0 on 4th of Aug 2009 at 12:31 pm
Matt that would be awesome!!!