Average Daily Traded in $

Optuma Scripting
1

Hi, I can't seem to work out the script to show average traded daily in dollars? I am trying to add a filter to screen out stocks with an average daily traded less than 5 times my normal position size if possible.

Thanks

Luke

2

Hi Luke,

You would wrap a Moving Average function around the Turn Over function then add a check to see if the value is higher than 5 times your position size.

For example if you wanted to check that the 20 Day average of Turn Over is greater than $50,000.00 you would use the following script:

V1 = TO();
MA(V1, BARS=20, CALC=Close) > 50000
3

Thanks Matthew

4

Is Turnover the same as Volume # Close?

5

Hi Chad,

That is correct, Turn Over is Volume x Price.