How to Screen For Stocks With High Volume For Intraday Trading?

6 minutes read

When screening for stocks with high volume for intraday trading, it is important to look for stocks that have significant trading activity to ensure liquidity and price movement. One way to identify stocks with high volume is to use a stock screener that allows you to filter for average daily volume or intraday volume spikes. Additionally, pay attention to stocks that are experiencing news or events that could lead to increased trading activity. Technical analysis tools can also help identify stocks with high volume potential. Overall, it is important to conduct thorough research and analysis before selecting stocks for intraday trading based on volume.

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What is the impact of news events on stock volume?

News events can have a significant impact on stock volume. When significant news related to a company is released, such as earnings reports, mergers and acquisitions, regulatory actions, or other developments, it can lead to a surge in trading activity as investors react to the news. This increased trading volume can lead to greater volatility in stock prices as investors buy or sell shares based on the new information.

In some cases, news events can also attract new investors to a stock, leading to higher trading volume and potentially pushing up the stock price. Conversely, negative news can cause investors to sell off their shares, leading to increased selling pressure and higher volume.

Overall, news events can lead to fluctuations in stock volume as investors respond to new information and adjust their positions accordingly. This increased volume can provide insights into market sentiment and the potential direction of stock prices in the short term.

How to add volume indicators to stock charts for screening?

To add volume indicators to stock charts for screening, you can follow these steps:

  1. Choose a stock charting platform or software that allows you to customize indicators. Some popular options include TradingView, ThinkOrSwim, MetaTrader, and
  2. Once you have selected a platform, open a new chart for the stock you want to screen. You can usually do this by entering the stock symbol or name in the search bar or symbol box.
  3. Look for an option to add indicators or studies to the chart. This is typically found in a menu or toolbar at the top or side of the chart.
  4. Find the volume indicator among the list of available indicators. Common volume indicators include Volume, On-Balance Volume (OBV), Accumulation/Distribution Line, and Chaikin Money Flow.
  5. Customize the volume indicator settings as needed. You may be able to adjust the period, color, line style, and other parameters of the indicator to best suit your screening criteria.
  6. Once you have added and customized the volume indicator, you can analyze the stock chart to screen for potential trading opportunities. Look for high volume spikes, divergences between price and volume, and other patterns that may signal a potential trend reversal or continuation.
  7. Save your customized chart setup or create a template for easy access in the future. This way, you can quickly apply the volume indicator to other stock charts for screening purposes.

What is the significance of volume patterns in technical analysis?

Volume patterns in technical analysis are significant because they can provide valuable insights into the strength and direction of price movements in a market. By analyzing volume patterns, traders and analysts can gain a better understanding of market sentiment, as well as identify potential trends and reversals.

Specifically, volume patterns can help confirm the validity of price movements. For example, if prices are rising on high volume, it suggests a strong bullish trend, as there is high participation and conviction among market participants. Conversely, if prices are rising on low volume, it may indicate a lack of conviction and potential weakness in the trend.

Volume patterns can also help identify potential reversals in a trend. For example, a decrease in volume as prices continue to rise could signal that the trend is losing momentum and may be due for a reversal. On the other hand, a sharp increase in volume following a period of consolidation could indicate a breakout and continuation of the trend.

Overall, volume patterns provide traders and analysts with important information about the dynamics of a market, allowing them to make more informed trading decisions.

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