[Metastockusers] Re: Average $ turnover

["leonepaolo" <leonepaolo@xxxxxxxxx>]

Hi Jose,

Thanks for helping me solve my problem.  I'm new to MetaStock and 
wasn't able to make the code you sent me work, I copied and pasted 
the code into a new "Explorer" "Filter" but ...

Thanks


--- In Metastockusers@xxxxxxxxxxxxxxx, "Jose" <josesilva22@xxxx> 
wrote:
> 
> Rather than use volume and having to deal with penny stocks and 
their 
> trillion-volume turnover, measuring approximate $ turnover may be 
more 
> useful.
> 
> Try something like this:
> 
> ==========
> Turnover $
> ==========
> ---8<------------------
> 
> { http://www.metastocktools.com }
> 
> { User inputs }
> thr:=Input("Threshold % of highest historical $ 
turnover",0,100,50)/
> 100;
> pds:=Input("Average $ turnover over x periods",
>  1,260,63);
> plot:=Input("[1]$turnover,  [2]above highest %,  [3]above 
Avg$",1,3,1)
> ;
> 
> { Approx $ turnover }
> to:=V*WC();
> 
> { Highest historical $ turnover }
> hi:=Highest(to);
> 
> { Avg $ turnover }
> avg:=Mov(to,pds,E);
> 
> { Above % threshold $ turnover signals }
> signals1:=to>hi*thr;
> 
> { Above avg $ turnover signals }
> signals2:=to>avg;
> 
> { Plot in own window }
> If(plot=1,hi*thr,0);
> If(plot=1,avg,0);
> If(plot=1,to,If(plot=2,signals1,signals2))
> 
> ---8<------------------
> 
> 
> jose '-)
> metastocktools.com
> 
> 
> 
> --- In Metastockusers@xxxxxxxxxxxxxxx, "leonepaolo" 
<leonepaolo@xxxx> 
> wrote:
> > 
> > How do you get the average daily volume to be right?
> > I'd like to do a search that provides me with results where the 
> > average daily volume is greater than 100,000 shares.  
> > 
> > My formula:
> > mov(v,30,s) > 100,000 doesn't provide any results and I do know 
that 
> > there is some kind of times'ing factor already built-in but I 
can't 
> > quite determine any level of consistency across all stocks.  I 
don't 
> > know if this makes much of a difference but I use Reuters Data.





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