Label displaying percent increase from previous close to open


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Label with prices based on perfect increase from open

Hello Pete, I wanted to know if you create an indicator that auto calculates the price at predefined percent increases from the open price  with the following conditions:

  1. The first condition is this label will only show the stocks open price is at least 35% or greater than the previous day’s closing price (gap)
  1. This label study will record today’s open price.
  1. Finally, the label will show 5 predefined percentage increase values from the open  that calculates the price at those levels for 20% increase from open, 27% % increase from open, 32% % increase from open  , and 39% % increase from open 

Open Price= X

For example, is open = 5 dollars,” aka x” plot label with the calculates the price at these percent increase values

 20% = $6.00

27%= $6.35

32%= $6.60

39%= $6.95

Thank you

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Posted by (Questions: 2, Answers: 1)
Asked on June 6, 2020 7:40 pm
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Private answer

Kenise,

I have attached a file that shows the Gap%, Open, and the price levels you wanted. See if it works!

Matt

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Posted by (Questions: 3, Answers: 5)
Answered on June 6, 2020 8:55 pm