Find stocks which closed near their daily high


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Hello Hahn,

The purpose of this scan is to show stocks that surged the day before and closed strong (near high of day). Can you please create a scan that looks for stocks whose close price on the day is very close to its high price (10% away from its high price on the day)? Visually this would show a candle with little to no upwards wick.

The second condition for this stock is to only find stocks that have surged atleast 25% on the day.

The third condition is that the stock must have done at least 1milion shares of volume the day of the price surge.

<strong>This scan will be run every morning premarket with the goal of finding stocks from the previous day that have a very strong chance of continuation to the upside.</strong>

 

Thank you for all of your passion for helping others.

 

Best

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Posted by (Questions: 22, Answers: 63)
Asked on September 5, 2018 6:05 pm
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We already have built in filters to capture percent change and volume conditions. So I will only provide a filter that tests for close within 10% of high/low range.

plot scan = (close - low) / (high - low) >= 0.9;

You did mention you would run this in premarket hours. If per chance you were late, and ended up needing to run this during market hours. We can adapt this to scan for previous candle instead:

plot scan = (close[1] - low[1]) / (high[1] - low[1]) >= 0.9;

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Posted by (Questions: 37, Answers: 4118)
Answered on September 6, 2018 7:15 am
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Thank you, this is awesome for premarket analysis!

I assuming 0.9= 9% correct

Finally, how do we factor in previous day volume during the premarket session?

( at September 6, 2018 10:31 am)
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No, 0.9 is 90%

The built in volume filter is set to a daily time frame. During premarket hours it should measure previous day’s volume. If not, use the condition wizard to built a volume filter with a one bar offset.

( at September 6, 2018 11:21 am)
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Thanks for the math correction However, the default volume filter applies to premarket as well and does not account for the previous day. This I know for a fact. You have taught me something new about the volume filter offset, and I will test this out now. Do you mean 1 or -1? Thank you Hahn!!!
( at September 6, 2018 2:07 pm)