BIST/TL_Volume_Screen

BIST/TL Volume Screening Tool

This script is designed to help traders analyze and screen BIST stocks based on volume conditions and moving average comparisons.

Custom Group Selection:
Choose from predefined BIST groups (BIST-1 to BIST-15) or create your own custom watchlist (“MY LIST”).

Flexible Screening Options:
Screen stocks by higher or lower volume relative to moving averages.

Adjustable screening types: Higher_Vol, Higher_Volx2, Higher_Volx3, Lower_Vol, Lower_Volx2, Lower_Volx3.

Define both the number of bars to check and the minimum conditions required.

Moving Averages:
Daily and weekly volume moving averages are plotted.

Adjustable MA lengths for flexibility:
Real-Time Volume Extrapolation
Estimates end-of-day volume during live sessions based on intraday patterns, allowing traders to anticipate final daily volume.

Pocket Pivot Detection:
Highlights potential pocket pivot signals when the stock trades near its 10-day or 50-day moving averages with strong volume.

Full Customization:
Adjustable bar width, proximity conditions, and pocket pivot length.

Ability to screen multiple stocks (up to 40 in the custom list)

How to Use:
Select the group of BIST stocks you want to analyze.
Set your preferred timeframe (Daily, Weekly, or Monthly).
Define your screening conditions for volume.

Review signals on the chart:
Histogram bars for volume.
Red line for moving average.
Green diamonds marking pocket pivot opportunities