Great strategies. Thank you! As Tom O'Brien put it over two decades ago in his book Timing the Trade, "Volume is cause, Price is effect." It's like a compass that points you in the right direction.
Again, another great video which give powerful exploration idea to scanner condition in such a short time which beat all other programming course hand down... 👍👍👍
holy s#$^ that was a 50 minute roller coaster ride of information, yes 50 minutes cause I pause numerous times. I love a challenge. I need to join volatility box. argh just have to justify the investment. thanks for the info though.
You would need to change the custom quote's timeframe to be a 1m, instead of D. However, the 1m is more likely to give you false / early signals, esp. with any lag from volatility where the condition may have been true, but is not any longer. I've found larger time frames generally work better.
Hi Wilson - glad you liked the video! I think you're referring to the Fibonacci Retracements (free tool inside of TOS), with colors customized for each extension (right click --> edit properties --> adjust colors).
When you created the options scan and used the study in options hacker, that study is scanning for options or the stocks satisfying conditions within the study? For instance, If i am interested in finding options whose premiums are rising for the last three consecutive periods and the volume is also rising, will it find various option strikes meeting these conditions?
Glad you liked it, Sam. For a % change from the previous day's close price, you should be able to use logic similar to the scan we built here, and compare the closing price to yesterday's close (ie. close[1]), instead of the 50 SMA. ua-cam.com/video/2RPzLoHqrwQ/v-deo.html
hello how you doing great video. question regarding the 3rd scan option scan. when i hit scan weird options pop up. not the underlying. for example /loj22c100
Awesome, awesome video. Much appreciated. When I run the relvolstdev scan it doesn't pick up on a symbol (RIOT) that shows it's above the 4 stdev limit on its chart. I've got the Vol and Bid criteria in place, as well. What am I missing?
Thanks for the kind words. One thing that comes to mind which you may want to double-check is the "Scan in" symbol group at the top of your scan tab. Whatever list is selected there, you'll need to verify that RIOT is a symbol inside of that.
@@TOSIndicators Gone through the video, I've got all my parameters correct and I'm in either All Stocks or All Optionable. I've also scanned several time frames. I know this is getting down to one-on-one here, but if you're cool with it, could you do a search with your scan parameters and see if your scan catches RIOT and/or NAOV (both of which have had several hits above 3 StDev recently)? I'm not getting those on any scan I try.
RIOT shows up on my scans, when looking for a greater than or equal to 3 SD volume, over the past 20 days. plot signal = Sum(RelativeVolumeStDev().relvol >= 3, 20);
@@TOSIndicators That does work for me, as well. I was using "plot signal = Sum(volumeCondition, 10) >=2;", or numeric variations of that, that you showed in the video. On a side note, how do you view the next series of scans (ie, 51-100 of 350) without going to a higher number shown, like 500 for example?
I'm also noticing that "plot signal = Sum(RelativeVolumeStDev().relvol >= 3, 20);" yields a lot more results than "plot signal = Sum(volumeCondition, 20) >=3;". As this is all new to me, are you able to help walk me through why the large difference here ("def volumeCondition = RelativeVolumeStDev(50) .RelVol >=3;" and other search parameters are the same for both searches)?
Hi Derek - I'm not aware of a way to segregate buy vs. sell volume using thinkScript code. I imagine the OnBalanceVolume indicator would be a good place to start, if that fits the bill for what you're looking for.
Great strategies. Thank you! As Tom O'Brien put it over two decades ago in his book Timing the Trade, "Volume is cause, Price is effect." It's like a compass that points you in the right direction.
Thanks for your useful sharing!
Thank you so much. Great video with very valuable information.
Great stuff! Knowing how to build these scans is very useful.
Agreed!
I would've loved this in April 2020
This is great. Clear, concise, powerful and practical. Great job.
Thanks Alex, much appreciated!
Great video , thank so much
Again, another great video which give powerful exploration idea to scanner condition in such a short time which beat all other programming course hand down... 👍👍👍
Thanks Azure, for the continuous support :-) Much appreciated!
Thanks for the video! Full of detail without the information overload. Subbed.
Thanks for the support, and glad you liked the video!
Bro this is awesome!!
Great Scans. Thanks for the Information
thanks from my heart :)
Thank you sir. Even tho i watched the video for exactly 10seconds it was very helpful.
Amazingly helpful and instructive. Thank You!
Thank you! Glad you enjoyed it.
WOW powerful information!
Very interesting. Thanks!
holy s#$^ that was a 50 minute roller coaster ride of information, yes 50 minutes cause I pause numerous times. I love a challenge. I need to join volatility box. argh just have to justify the investment. thanks for the info though.
Thank you for for your video, Very nice !
Thanks Eli! Glad you liked it.
I have a question , i using 1 min chart for day trading , do i need to change anything in the scan script ?
You would need to change the custom quote's timeframe to be a 1m, instead of D.
However, the 1m is more likely to give you false / early signals, esp. with any lag from volatility where the condition may have been true, but is not any longer. I've found larger time frames generally work better.
Thank you for your quick reply!
Awesome!!!
@@TOSIndicators Thank you !!!
Good stuff! Thank you
Amazing information. What are those horizontal colorful percent-price lines?
Hi Wilson - glad you liked the video! I think you're referring to the Fibonacci Retracements (free tool inside of TOS), with colors customized for each extension (right click --> edit properties --> adjust colors).
Sweet - thank you!
When you created the options scan and used the study in options hacker, that study is scanning for options or the stocks satisfying conditions within the study? For instance, If i am interested in finding options whose premiums are rising for the last three consecutive periods and the volume is also rising, will it find various option strikes meeting these conditions?
Thanks. Very very useful. Glad I found this channel.
Can you help to build a script to scan for % change from last day's close price?
Glad you liked it, Sam. For a % change from the previous day's close price, you should be able to use logic similar to the scan we built here, and compare the closing price to yesterday's close (ie. close[1]), instead of the 50 SMA.
ua-cam.com/video/2RPzLoHqrwQ/v-deo.html
this is great and all, but how can you modify the scan to only scan for one bar ago? i only want to see this after the bar has closed
You can use the array functionality in TOS to scan for one bar ago (ie. "[1]")
@@TOSIndicators thanks for the response, I'll try to figure this out but if I can't, can I Venmo you money for some help? 🙂
@@TOSIndicators thank you so much for the help I was able to figure it out
hello how you doing great video. question regarding the 3rd scan option scan. when i hit scan weird options pop up. not the underlying. for example /loj22c100
You'll need to change the symbol group you are scanning within to be "All Stocks" etc.
Loved it..
Thanks Avi! Appreciate the support.
Are you able to share the set up thanks
Hi Mike - you can download the scans from our website: www.tosindicators.com/scans/unusual-volume
I'm confused i use TradingView Premium Membership- what is this software? Is this better
ThinkOrSwim by TD Ameritrade - www.tdameritrade.com/tools-and-platforms/thinkorswim.html
Do you have a paid program?
Hi Shawn - the only paid membership we have is our Volatility Box membership (www.tosindicators.com/volatility-box)
Awesome, awesome video. Much appreciated. When I run the relvolstdev scan it doesn't pick up on a symbol (RIOT) that shows it's above the 4 stdev limit on its chart. I've got the Vol and Bid criteria in place, as well. What am I missing?
Thanks for the kind words. One thing that comes to mind which you may want to double-check is the "Scan in" symbol group at the top of your scan tab. Whatever list is selected there, you'll need to verify that RIOT is a symbol inside of that.
@@TOSIndicators Gone through the video, I've got all my parameters correct and I'm in either All Stocks or All Optionable. I've also scanned several time frames. I know this is getting down to one-on-one here, but if you're cool with it, could you do a search with your scan parameters and see if your scan catches RIOT and/or NAOV (both of which have had several hits above 3 StDev recently)? I'm not getting those on any scan I try.
RIOT shows up on my scans, when looking for a greater than or equal to 3 SD volume, over the past 20 days.
plot signal = Sum(RelativeVolumeStDev().relvol >= 3, 20);
@@TOSIndicators That does work for me, as well. I was using "plot signal = Sum(volumeCondition, 10) >=2;", or numeric variations of that, that you showed in the video. On a side note, how do you view the next series of scans (ie, 51-100 of 350) without going to a higher number shown, like 500 for example?
I'm also noticing that "plot signal = Sum(RelativeVolumeStDev().relvol >= 3, 20);" yields a lot more results than "plot signal = Sum(volumeCondition, 20) >=3;". As this is all new to me, are you able to help walk me through why the large difference here ("def volumeCondition = RelativeVolumeStDev(50) .RelVol >=3;" and other search parameters are the same for both searches)?
ok but how do i get rid of the 1st volume study?
Are you able to add just "buy" volume to scan #2?
Hi Derek - I'm not aware of a way to segregate buy vs. sell volume using thinkScript code. I imagine the OnBalanceVolume indicator would be a good place to start, if that fits the bill for what you're looking for.
have you stopped sharing these scans on your website? even the free for everone scans aren't available to download now. Is this a recent change?
Free scans still available, as long as you have registered a free account on our site: tosindicators.com/scans
is this only for options
The scan that we build in the video is for equities. You apply a similar concept in the Option Hacker, though.
The Alert doen't work