DEMO ExoScope Signal
Dropped to the lows while volume picks up — SDIV demo on the chart.
Free-tier demo script — fires when price drops below its average to the lows while volume picks up.
Idea in plain language
The DEMO ExoScope Signal is based on the “Stock Drop with Increased Volume” (SDIV) idea, with the volume test updated to match the latest ThinkScript version. It looks for one simple story, all on moving averages:
- Price below its average — the close is under its
SMA(14). - At the lows — the close is the lowest of the last 14 bars.
- Volume picking up — the average volume of the last 3 bars beats the prior 14-bar baseline (which excludes those 3 bars), so a fresh spike doesn't inflate its own baseline.
When all three line up at the same time, Exum draws a demo buy marker below the bar on ExoScope. It fires during the drop (a possible capitulation / bottom-fishing entry), not after a bounce.
What it is not
- Not a full buy/sell system — no position sizing, stops, or filters.
- Not a reversal confirmation — it does not wait for a green candle.
- Not available as an unlimited script on Free — upgrade unlocks the script library.
Compare with the real composite: Buy / Sell Signals.
The one knob: Signal frequency
A single Signal frequency dial (1–10) controls how often markers appear. Higher = more signals (looser "at the lows" + "volume up" gates, markers closer together); lower = fewer, only the cleanest drops. It never adds a new condition — the three checks above are always required.
How to practice
- Open any major on ExoScope with the DEMO layer on.
- Click the marker — read the card and open this article from the (i) icon.
- Ask: is this a real bottom, or just the first leg down? Check the trend, funding, and your timeframe before acting.
When ready, browse Signals → Library for featured scripts.