@Ravgnome
Just working my way through this weeks scan, and a lot are very illiquid stock which have only had a small (insignificant) volume spike.
So I have been thinking about how might be a good way to filter these stocks, without effecting the integrity of the scan.
Do you think if we keep it the same "current volume greater than 5* the 15sma volume" and add some new columns (or remove some of the others).
One column for -Total Shares on Issue,
and a new column for "this week's volume divided by the shares on issue" -called percentage traded (which will show the percentage of the shares on issue traded this week)
and the new rule is for the percentage traded column - "greater than 0.04" (so filtering out all the stocks, except those which have traded more than 4% of the total register this week)
what do you think ??
is 4% too much ?? (sort of seems about right to me, but would be interested in your thoughts)
or should I make the level a little bit lower ?? (maybe 0.035, - 3.5%)
cheers
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