Stock Screening and Ranking - Example #11

OBJECTIVE: Find stocks that have moved up on at least twice their average volume on any day in the last 5 trading days.

This example builds on the previous example. Follow the steps of example 10 before beginning this example.

1. Assuming you have just run the previous example, click the “S” tab along the right edge of the main Lighthouse Trader window. This takes you back to the “specification” window where you defined the scan for example 10.
   
2. Double-click on the “Boolean Operators” label in the “Available Item” list to view the filter items in this group.
   
3. Click and drag the “Time Range” filter item, dropping it on the “Time Frame: daily” filter item near the top of the “Selected Item” list. The following popup window will appear.
   
   Set “number of periods in range” to 5. Set “pass or fail” to “pass”. Set “minimum number of passing or failing periods” to 1. Then click the OK button.
   
4. In the “Selected Item” list (not the “Available Item” list!), there are presently two “Above/Below” filter items. Click on either of the “Above/Below” filter items. Drag it down until the “Time Range” filter item is highlighted. Drop it there. Then click on the other “Above/Below” filter item and drag it down, dropping it on the “Time Range” filter item.
   
5. You will see that when you move filter items within the “Selected Item” list, it automatically “hides” all of the filter items which are nested beneath the filter item you just dragged. If you want to view the filter items nested beneath one of these “Above/Below” filter items, simply double-click on the “Above/Below” filter item. If you wish, you can double-click on each of the filter items that are nested beneath this level to expand them and see the complete details of your scan definition. It should look like this. Click on the following thumbnail to see an enlarged example.
   
   The order in which the “Above/Below” filter items appears does not matter.
   
6. Click the “Run” button to perform the new scan.

Let’s say you decide to change the scan definition to add the requirement that the average volume must be at least 200,000 shares per day. Here’s how to modify the scan.

1. Assuming you have just run this example, click the “S” tab along the right edge of the main Lighthouse Trader window. This takes you back to the “specification” window where you defined the scan.
   
2. Highlight the “50 sma” filter item in the “Selected Item” list. Then click the “Set Preferences” button. The button looks like this.
   
   
3. The following popup window will appear.
   
   Click the “must be” radio button, choose “greater than or equal to”, and enter 200,000 in the text box. Then click the OK button.
   NOTE: you could have set this value requirement for one of the “volume” filter items rather than for the “50 sma” filter item. This would run fine, but would only require that the volume be above 200,000 on the target date of the scan, rather than an average volume over the past 50 days
   .
4. Now the scan definition looks like this. Click on the following thumbnail to see an enlarged example.
   
   
   
5. Click the “Run” button again to re-run the modified scan.
   

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