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Optuma Scripting
1

I'm trying to write a code for the lowest volume for a weekly bar in 4 weeks (and at least $1,000,000 shares for the week). My attempts have failed.


V1 = VOLUME() ;
L1 = LOWESTLOW(V1, BARS=4) ;
V1 >= (L1 * .99)
and
TO(Week(PERIODAMOUNT=1)) > 1000000
and VOL()>0


V1 = VOLUME() ;
L1 = LOWESTLOW(V1, BARS=4) ;
V1 >= (L1 * 1.01)
and
TO(Week(PERIODAMOUNT=1)) > 1000000
and VOL()>0

Computer code is not my thing. Please help.

2

Hi Alex,

Looking at your code you are wanting to find where the current volume is greater than the lowest volume value of the last 4 weeks (multiplied by 0.99) and with a Turnover greater than 1 million dollars?

If that is correct the following script will work:

V1 = VOL() ;
V2 = LOWESTLOW(V1, BARS=4) ;
V3 = TO();
V3 > 1000000 and V1 >= (V2 *0.99)

Note: This has been designed to work on a Weekly chart / scan.

Ex4

Red Line = Lowest Volume in 4 weeks, Shaded Green Zone shows the bars that pass the script criteria.

 

3

Hi Matthew

No, what I'm looking for on Saturday/Sunday are stocks which show that the volume for that week is lower than any of the weekly volumes for the previous 3 weeks (with a turnover greater than 1 million dollars).
Apologies for not making it clearer the first time.

This is what I've been using to look for the weekly volume that is higher than the previous 3 weeks, so I was trying to reverse it.

V1 = VOLUME() ;
H1 = HIGHESTHIGH(V1, BARS=4) ;
V1 >= (H1 * 1.01)
and
TO(Week(PERIODAMOUNT=1)) > 1000000
and VOL()>0

Kind regards
Alex

4

Hi Alex,

Here’s an adjusted script:

V1 = VOL() ;
V2 = LOWESTLOW(V1, BARS=4) ;
V3 = TO() ;
V3 > 1000000 and V1 <= V2

And updated example of a passing symbol / chart:

Ex6

5

Awesome. Thank you so much.