Current price less than session high

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Hi

If the current price is the highest from today, I won’t enter into a trade. It is too expensive for me, so I always make sure it is not the most expensive price.

With Thinkorswim, How can I find stocks whose last price is less than the highest price for the day?

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Posted by (Questions: 1, Answers: 1)
Asked on March 23, 2022 3:17 pm
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I don't think you really thought this through. You are asking for a scan that finds stocks currently trading below the session high. This is going to return almost the entire list of stocks included in you scan.

Go ahead and re-read your specification:

How can I find stocks whose last price is less than the highest price for the day?

So you want a scan that returns a list of stocks which are currently trading at least 1 penny below the current day's session high. Nearly every single stock in the market is going to be picked up.

Nevertheless, here is the scan you requested:

plot scan = close < high;

You will apply this code to a Study Filter that is set to Daily time frame.

I just ran this scan myself. Out of a total of 9,023 stocks going into the scan, I found a total of 7,521 stocks were returned (meeting your criteria). Completely useless.

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Posted by (Questions: 37, Answers: 4084)
Answered on March 23, 2022 3:30 pm
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I appreciate your quick response. I'm sorry I wasn't clear enough - During the day a stock can have a lot of prices, let's say one of the highest prices was $100.00 during the day, but the current price is $105.00. Such a stock I don't need - the price was never so high today, so far the highest price was $100.00. Therefore I need to find the past highest price ($100.00) and compare it with the current price, in order to see if the current price is high in comparison. I hope this makes more sense now.
( at March 23, 2022 3:48 pm)
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There are lot more details to this than you realize. Far too complicated to hash this out in the comments section of a Q&A Forum. If you are not looking for stocks that are trading a penny or more below the session high than you have many other elements and variables you need to include before you can even attempt to build a solution that achieves your goals.
( at March 23, 2022 4:04 pm)
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OK, I send you an email for a one to one consultation to help me build out my Scanner, I hope you will see it & you will respond.
( at March 23, 2022 4:09 pm)
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The following webpage explains the professional services we offer, our rates and terms of business: https://www.hahn-tech.com/about/
( at March 23, 2022 4:14 pm)
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