Looking for some assistance in creating a conditon or watchlist where an IPO (for the sake of argument we will use 252) has reached an all time high. While I'm not sure its possible I'm more specifically looking for candidates that after the initial enthusiasm high the stock normally pulls back and retraces back to it IPO enthusiasm high.

Since I recieved no responses I believe I may not be explaining what I am looking for properly.

For example KITE ipo'd on 6/20/14. The enthusiasm high was reached on 6/24/14 @ $32.65. The stock pulled back and did not retrace back to that level until 10/2/14. Is there a way in TC2000 to see when a stock hits that all time high on an IPO. The IPO can be up to 1 year old.

This strategy is courtesy of Dan Fitzpatrick at Stock Market Mentor and I'm looking to make it easier to wade thru the current list of IPO's in excess of 2K.

There's no way to scan for an "all time high" using the PCF language.  You have to be specific about the time period.

What list are you referencing that shows over 2,000 IPOs?

We can't create a formula for an all time high, but it is possible to create an EasyScan for an all time high in TC2000 version 12.4.

Click on Price History (the symbol and possible company name in green at the top of the pane in which price is plotted) and select Create Scan Condition. Select New High from the condition drop-down in the Create Scan Condition window and set the Period to 500.

Create Conditions from Your Chart (5:25)

You would generally do this once in a daily time frame and once in a yearly time frame to create two conditions which could then be added to the same EasyScan. Because you are only interested in IPOs which have been around for less than a year, you probably don't need to create a condition based on a yearly time frame.

Building a Scan with Multiple Conditions (7:29)

What you can't really scan for is IPOs (although you can create a scan to identify symbols which are not IPOs).

You can create a sort to identify IPOs however. You could create an Indicator Formula for a 1 year price percent change. For example, the following would give you the percent change over about a year when used in a daily time frame.

100 * (C / C252 - 1)

Or you could create a Condition Formula to check for the symbol being around at least a year.

C252 = C252

The Indicator Formula for price percent change would return ... for symbols which have not been around at least a year and the Condition Formula would not return true if the symbol has not been around at least a year.

This allows you to sort by one of these WatchList Columns, highlight the symbols returning ... for the first formula or not returning true for the second formula and then copy the highlighted symbols to a Personal WatchList.

Copying Symbols to Personal Watchlists (5:35)

You can then use the Personal WatchList as the List to Scan in the EasyScan containing your New High condition(s) to check for an all time high.