Close to a new high question…

This sort of works. It does not look back at least a month and I am unsure how to get that to happen. And the last candle once in a while is the new high.

Looking back at least one month is just a matter of placing the high 22 in the right place.

Does this look like I am on the right path or barking up a wrong tree?…

<pre>scan = high +(high*.05)>= highest(high,252) and highest(high,252)> high;</pre>

Ok, give this a try and see if it does the trick. I see from your original code you are trying to do the entire scan signal on one line of code. That is one way to drive yourself crazy. I find it best to break down each piece into it’s own line of code.

I also use variable names that describe each element clearly. I don’t just do this for instruction purposes. I actually apply this everywhere I write code. Readability makes a world of difference. Especially when you have to go back to something you wrote years ago.

One very important note before I post the code. When using the function named Highest(). It is sometimes required that you reference the previous value. In your example: Highest(high, 252) is going to cause problems. Because it’s including the current high in the test for Highest. In your case you actually want to use Highest(high[1], 252). This will not include the current high in the test for highest high in 252.

Here is the code. I have not tested it so let me know what you get.
def fiftyTwoWeekHigh = Highest(high[1], 252);
def highestInOneMonth = Highest(high[1], 21);
def fivePercentFromHigh = fiftyTwoWeekHigh * 0.95;
def signal = high < fiftyTwoWeekHigh and high > highestInOneMonth and high >= fivePercentFromHigh;
plot scan = signal;

Test results ran after market closed today:

Symbol
Work?

ABEV
No

HSBC
No

INCR
Yes

MGA
Yes

MPC
Yes

MRK
Yes

NWL
Yes

RDS/B
Yes

TXT
Yes

The code accurately found 7 of 9 that meet the goal. Impressive especially considering you did not test this before sharing it!

The first two failed because today was a new 52 week high. The rest of the code works sweet!

Is there a way to correct this?

Pete, My apologies! There is a bug or wrong data in the Stock Prophet chart that TOS is using. This is the chart I have been using all along! After locating the dates of the 52 week high prices for both these stocks from three other sources I am all done using that Stock Prophet charting tool in TOS. The TOS Chart has reliable information.

I am thankful for your time spent with this. A donation is heading your way real soon! :0)

A contribution is on its way to dryheat_3 at your email server

I live on a disability income and wish I could send more. Hope this is sufficient.