Stocks closing above or below X% of previous bar


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Hey Pete, I’m looking for a scan that can search for a stock’s close within 20% of the previous candle’s high. We can use the daily candle as a timeframe. It’d be searching for stocks closing 20% above or 20% below the previous candle’s high. Thank you for your time sir.

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Posted by (Questions: 11, Answers: 19)
Asked on August 13, 2020 5:08 pm
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Private answer

Perhaps you can try something like this to get the close above prior day's high by 20%:

input percent = 1.2;
input length = 1;
def closeAbovePriorHigh = close > (high[length] * percent);
plot scan = closeAbovePriorHigh;

Results as of 8/13 for stocks above $10

Symbol
%Change

GRWG
42.69%

RVLV
22.05%

AZPN
29.08%

NRIX
36.97%

FTLF
21.95%

SNCPF
50.68%

GRGSF
20.88%

SBBTF
62.70%

TGNOF
20.11%

Peter may have a better solution.

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Posted by (Questions: 5, Answers: 10)
Answered on August 13, 2020 7:35 pm
Hey thanks man but I’m looking for close within 20%. So the close would need to be no greater than 20% of previous high and no less then 20% of the previous high.
( at August 14, 2020 10:49 am)
I drew an example on ms paint of what I'm trying to say: https://m.imgur.com/6VMy00X Price = previous day's high and 20% max = current day's close
( at August 14, 2020 11:07 am)
Thanks for your participation lucius. Much appreciated.
( at August 14, 2020 1:20 pm)
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Private answer

I think this will do the trick. I haven't tested it so let us know if it doesn't do exactly what you requested. I included user inputs so you can adjust the percent threshold as well as the target price without modifying the code.

input percentThreshold = 20.0;
input targetPrice = high;
def highLimit = targetPrice[1] * (1 + percentThreshold * 0.01);
def lowLimit = targetPrice[1] * (1 - percentThreshold * 0.01);
plot scan = close < highLimit and close > lowLimit;

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Posted by (Questions: 37, Answers: 3222)
Answered on August 14, 2020 1:20 pm