Intraday Alerts At Overnight Highs and Lows
A quick Google search on the term “Overnight Range Trading Setups” nets some very interesting results. So I spent some time writing code and looking at charts. I think there is some real evidence to support the inclusion of the overnight range in your trading setups. I’m not here to show you how to trade the overnight range. However I did build you the best tool I can dream up, given my current knowledge and experience. The rest is up to you.
In this video named Thinkorswim Overnight Range Scan Alert, we show you many examples of how this tool may be applied. In addition to some special levels, we also include the ability to build custom scans based on its signals. As if that wasn’t enough, we throw in a bonus by showing how you can generate real time alerts based on the scan results. I am really excited to be able to present this material. I think this may end up being a valuable tool for many. It was a real eye-opener for me.
The code for the scan is included at the very bottom of this post. So be sure when you are done watching the video to scroll down past the video to get to that code. In the video we show you how to use that code to build your own custom scans, with alerts!
Link to study file is available on the Patreon post which is at the bottom of this post
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*Thinkorswim is a chart analysis platform offered by Charles Schwab: https://www.schwab.com/
Charles Schwab provides financial services including the trading of Stocks, Futures, Options and Forex.
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Watch the video, Thinkorswim Overnight Range Scan Alert below:
This content is only available to my Patreon subscribers at a level of $3 or higher. Click the image to the left to open this content directly on my Patreon page.
The custom script file included with this video is only available on this post in Patreon.
Thanks again for your continued support!
Is there anyway you can modify this code, so that it does the same for yesterday high and low instead?
Yes, it is possible. But you cannot do this by simply adjusting the settings. large sections of the code would need to be entirely rewritten. Something which is well beyond the scope of a solution I can provide in the comments section of this video.
I suggest you browse existing solution in our Q&A Forum. You will find many solutions in the forum which show the previous day high and low. Here is a link to search results using the term “previous day”: https://www.hahn-tech.com/ans/cat/studies/?question_type=all&category=%2Fans%2Fcat%2Fstudies%2F&search=previous+day