Hi Bruce,

Is it possible to program Stockfinder to indentify stocks that on an intraday basis have not retraced more than a specified retracement level from their intraday low/high? For example if I want to indentify which stocks open and travel up from their open and have not retraced more than 38.2% (or 50%) from their intraday low can this be done? Even better yet is there a way to draw a line that represents the 38.2% or 50% area? Any hints or suggestions are appreciated. Thanks.

Don

Do you just want lines posted at 38.2%, 50% and 61.8% of the way between the high and low of the day or are you interested in the open of the day playing into where the lines are being posted in some fashion?

Bruce, I would use the open to determine my long or short bias. If the current price is above the open I want to filter (for longs) for stocks that have not retraced (pulled back) more than 31.8% ( I may use 50% or 61.8% later) of their intraday range and just the opposite (for shorts). If the current price is below the opening price and the stock has not retraced (bounced) more than 38.2%. As I mentioned earlier, having a visual line(s) drawn would be great. 

I think the following RealCode Condition should return true the stock has not retraced the given percent from the extreme for the day when on the desired side of the open:

'|*****************************************************************|
'|*** StockFinder RealCode Condition - Version 5.0 www.worden.com 
'|*** Copy and paste this header and code into StockFinder *********
'|*** Condition:Has Not Retraced
'|******************************************************************
'# FibLevel = UserInput.Single = 38.2
Static Level(1) As Single
Static DayOpen As Single
Static DayHigh(1) As Single
Static DayLow(1) As Single
If isFirstBar Then
	Level(0) = FibLevel / 100
	Level(1) = 1 - Level(0)
	DayOpen = Single.NaN
	DayHigh(1) = Single.NaN
	DayLow(1) = Single.NaN
	DayHigh(0) = Single.NaN
	DayLow(0) = Single.NaN
Else If Price.DateValue.DayOfYear <> Price.DateValue(1).DayOfYear Then
	DayOpen = Price.Open
	DayHigh(1) = DayHigh(0)
	DayLow(1) = DayLow(0)
	DayHigh(0) = Price.High
	DayLow(0) = Price.Low
Else
	DayHigh(0) = System.Math.Max(DayHigh(0), Price.High)
	DayLow(0) = System.Math.Min(DayLow(0), Price.Low)
End If
If Single.IsNaN(DayHigh(0)) Then
	SetIndexInvalid
Else If (Price.Last > DayOpen AndAlso _
	Price.Last > Level(1) * DayHigh(0) + Level(0) * DayLow(0)) OrElse _
	(Price.Last < DayOpen AndAlso _
	Price.Last < Level(0) * DayHigh(0) + Level(1) * DayLow(0)) Then
	Pass
End If

You should be able to plot the desired line using the following RealCode Indicator (it plots price when the close equals the open):

'|******************************************************************
'|*** StockFinder RealCode Indicator - Version 5.0 www.worden.com 
'|*** Copy and paste this header and code into StockFinder *********
'|*** Indicator:Intraday Fib Line
'|******************************************************************
'# FibLevel = UserInput.Single = 38.2
Static Level(1) As Single
Static DayOpen As Single
Static DayHigh(1) As Single
Static DayLow(1) As Single
If isFirstBar Then
	Level(0) = FibLevel / 100
	Level(1) = 1 - Level(0)
	DayOpen = Single.NaN
	DayHigh(1) = Single.NaN
	DayLow(1) = Single.NaN
	DayHigh(0) = Single.NaN
	DayLow(0) = Single.NaN
Else If Price.DateValue.DayOfYear <> Price.DateValue(1).DayOfYear Then
	DayOpen = Price.Open
	DayHigh(1) = DayHigh(0)
	DayLow(1) = DayLow(0)
	DayHigh(0) = Price.High
	DayLow(0) = Price.Low
Else
	DayHigh(0) = System.Math.Max(DayHigh(0), Price.High)
	DayLow(0) = System.Math.Min(DayLow(0), Price.Low)
End If
If Single.IsNaN(DayHigh(0)) Then
	Plot = Single.NaN
Else If Price.Last > DayOpen Then
	Plot = Level(1) * DayHigh(0) + Level(0) * DayLow(0)
Else If Price.Last < DayOpen Then
	Plot = Level(0) * DayHigh(0) + Level(1) * DayLow(0)
Else
	Plot = Price.Last
End If

Hi Bruce and thanks...in a similar fashion I use Hot Scans to trade the "Opening Range"  5 minute bars...is there a way stockfinder could filter for stocks that are trading within the opening range...and say "at opening range"...and continue this scan throughout the day....thanx

The following RealCode Condition checks for the current price or close of the bar to be within the opening range:

'|*****************************************************************|
'|*** StockFinder RealCode Condition - Version 5.0 www.worden.com 
'|*** Copy and paste this header and code into StockFinder *********
'|*** Condition:Close At Opening Range
'|******************************************************************
Static Top As Single
Static Bot As Single
If isFirstBar Then
	Top = Single.NaN
	Bot = Single.NaN
Else If Price.DateValue.DayOfYear <> Price.DateValue(1).DayOfYear Then
	Top = Price.High
	Bot = Price.Low
End If
If Single.IsNaN(Top) Then
	SetIndexInvalid
Else
	If Bot <= Price.Last AndAlso Price.Last <= Top Then
		Pass
	End If
End If

While the following RealCode Condition checks for any part of the price bar to be within the opening range:

'|*****************************************************************|
'|*** StockFinder RealCode Condition - Version 5.0 www.worden.com 
'|*** Copy and paste this header and code into StockFinder *********
'|*** Condition:Bar At Opening Range
'|******************************************************************
Static Top As Single
Static Bot As Single
If isFirstBar Then
	Top = Single.NaN
	Bot = Single.NaN
Else If Price.DateValue.DayOfYear <> Price.DateValue(1).DayOfYear Then
	Top = Price.High
	Bot = Price.Low
End If
If Single.IsNaN(Top) Then
	SetIndexInvalid
Else
	If Bot <= Price.High AndAlso Price.Low <= Top Then
		Pass
	End If
End If