Catching volume and price spike

iTrade

Well-Known Member
#1
I am a day trader for most part now. I believe that volume plays a important role in stock movement along with price. So, I want to know how can I screen stocks "automatically" that have sudden spurt in volume and price as well ? I mean, there is significant vlume and price action all of a sudden in a stock. I want to catch this price movement - be it upside or downside. Anyone knows what software/strategy will help me achieve this?


FYI- I use sharekhan for charting
 
#2
In metastock u can code and run the exploration for the conditions u give.
say give
vlome of this bar is greater than 5 times(or anytimes u like) of volume of previous bar.
i think this should serve ur purpose.
metastock code is
volume > ref(volume,-1)*5

use this and explore.
PS: You can not do all this with brokers data.you should have a standard charting software and a good data provider.
 

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