Hot Lists - Formula for US Stocks Most Volatile
The Hot List server calculates Stocks Most Volatile according to the following algorithm*:
It is based on stocks with the largest percentage difference (in trading volume) between today's high and low.
The calculation used is as follows:
Volatility = [Square Root ((High - Low) * TickVolume)] * 100.
(Multiplying by 100 converts the value to a percentage).
Data description in calculation:
High/Low – highest/lowest trade price for the day to the calculation moment.
TickVolume – number of today’s trade ticks to the calculation moment.
* Hot Lists were introduced in eSignal ver 10.5