In-depth realtime volume indicators/alerts/scanning

mdl060374 · Dec 7, 2006

Quote from 5Pillars:

I just remembered, these guys may have some of what you are looking for too (I have never used this software so check it out for yourself).......

http://www.topgunsoftware.com/

I have tried this and used it, but it is glitchy (my esignal data feed loses connection with it) and they cant seem to fix it.

They do offer buy/sell pressure, but they offer it as a volume indicator to apply to a chart.

I want to use it as a filter to alert me to stocks I have selected based on other criteria.

In other words, their work doesnt go in depth enough for my liking.

mdl060374 · Dec 7, 2006

Quote from fra10trader:

Hmm. Trade-Ideas looks at volume on an intra day basis. It has daily but intra day is what I use. Every stock is compared to how much it normally trades at any time of day so you can look at something very speicific like things trading 4 or 5 times the normal amount for any of the times of day from open to close.

they know for example what the normal volume is like at 10:03 am EST and whether a stock is trading 4 or 5 times that amount - and so on for every second of the session. lord help me if i'm wrong on this, but its done wonders so far

I understand that, but to me that doesnt do much more than indicate a stock is behaving more so than it did the last x days ago. In other words if a stock runs up on high volume, I would like to analyze the volume and price action in reaction to that move.

fra10trader · Dec 7, 2006

Quote from mdl060374:

I understand that, but to me that doesnt do much more than indicate a stock is behaving more so than it did the last x days ago. In other words if a stock runs up on high volume, I would like to analyze the volume and price action in reaction to that move.

It's not "more so than it did the last x days ago"; its more so than its running 30 day average for the moment the alert is generated. That's a big difference and goes a long way in providing what you are asking for; namely, volume and price action.

You could spend all day with just this filter and alert combination:
Min Current Volume - http://www.trade-ideas.com/Help.html#WSF_MinRV
Intermediate Running Up - http://www.trade-ideas.com/Help.html#RUI

hope that helps

mdl060374 · Dec 11, 2006

Quote from fra10trader:

It's not "more so than it did the last x days ago"; its more so than its running 30 day average for the moment the alert is generated. That's a big difference and goes a long way in providing what you are asking for; namely, volume and price action.

You could spend all day with just this filter and alert combination:
Min Current Volume - http://www.trade-ideas.com/Help.html#WSF_MinRV
Intermediate Running Up - http://www.trade-ideas.com/Help.html#RUI

hope that helps

Perhaps I misunderstood them. I will look into them a bit more. ty.