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I’m looking to write up a scan that has the following criteria:
Stock price range = $1-$10
Open price Gaps up or down from previous close = +/- .30
When the stock retraces back to near the previous day close by .20, I want to be alerted.
For example:
ABC closes at $8 on Monday
On Tuesday, it opens up at $8.50.
I want to be alerted when the stock comes down to $8.20
Is there anyway to write a scan like this?
I also have some other price parameters that are needed
Price Range | Initial Gap from Previous Close Price | Alert Distance from Previous Closing Range
1-10 +/- .30 .20
10-20 +/- .60 .30
20-35 +/- 1.00 .40
35-70 +/- 1.20 .50
70+ +/- 1.50 .50
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that makes sense. THanks!
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Thanks! One thing i noticed when using this today is that there were way more symbols than i wanted. How would I be able to set it so that I would need to see at least 2 spikes (or more) in volume before it comes up on the scan?
Essentially how I have it set now within the conditions is that I would like to see at least 10k volume on a 1 minute candle. How can I set it so i could arrange there to be 2 candles together (or more) with at least 10k on the minute?
Also I've notice that in my conditions I have it set that the latest float be less than 100 million yet time and time again I get symbols that have a much higher float. Is there something I'm doing wrong?
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I found this post and was wondering if there would be any changes to this in the newer versions? http://forums.worden.com/default.aspx?g=posts&t=51302
What I'm looking for is pretty kuch the exact same thing that the other poser put, large volume spikes on a 1 minute chart to see if it can indicate a move in price.
Thanks!
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