How to Create and Run a Scan for High Options Volume on TradeStation
We often hear professional traders talk about “unusually high options volume”. This video shows you step-by-step how to build a custom scan in TradeStation. The custom scan will filter through a universe of stocks, reporting all the ones with above average options volume. From start to finish you learn each step required. Starting from a blank workspace, you see how to add a chart and scanner window. Then we examine every element along the way to implementing a fully functional custom scan.
As a bonus, you even get to see me get into some code and tweak a built in technical indicator. After the tweaks, the new indicator is able to display a new value, the percentage of today’s options volume as compared to the 10 day average. Don’t be afraid to try this tweak on your own system. Just follow me step-by-step and you will be surprised how easy it is.
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TradeStation is a trading platform provided by TradeStation Group Inc. TradeStation provides professional quality trading tools for markets including: Stocks, Options, Futures and Forex.