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kamesh1995
Posted : Monday, December 4, 2017 1:30:10 PM
Registered User
Joined: 11/18/2017
Posts: 56

Hi Bruce,

If I want to know, how far today's price is lower than yesterday's low, is there any formula/ scan condition?

Thanks

Bruce_L
Posted : Monday, December 4, 2017 1:35:54 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

If you mean the net difference between the current price and the low of the previous bar (so set the time frame of the formula to daily to compare the current price to the low of the previous trading day).

C - L1

If you mean the percent difference.

100 * (C / L1 - 1)



-Bruce
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kamesh1995
Posted : Monday, December 4, 2017 1:36:43 PM
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Joined: 11/18/2017
Posts: 56

Thanks Bruce

kamesh1995
Posted : Monday, December 4, 2017 1:38:17 PM
Registered User
Joined: 11/18/2017
Posts: 56

Do you mean previous bar in the same day?

Thanks

Bruce_L
Posted : Monday, December 4, 2017 1:40:42 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I meant exactly what I said. I meant the previous bar, nothing more, nothing less.

The syntax is time frame agnostic. The previous bar is the previous trading day in a daily time frime. The previous bar is the previous week in a weekly time frame. The previous bar is the previous 5 minute interval in a 5 minute time frame.

This is why I specifically indicated to set the time frame of the formula to daily.

 



-Bruce
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kamesh1995
Posted : Monday, December 4, 2017 2:13:56 PM
Registered User
Joined: 11/18/2017
Posts: 56

Thanks for the detailed explanation.

 

Bruce_L
Posted : Monday, December 4, 2017 2:16:23 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
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