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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » Create Scan: close of day is x percent from high of day

Create Scan: close of day is x percent from high of day

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masa.nakazono

Posted : Tuesday, January 20, 2015 1:59:19 AM

Registered User
Joined: 8/21/2014
Posts: 2

I'm looking to create a scan/pcf for the following

open is near high of previous day (by near I mean a % from hod)

close is near high of day (near would be a %)

ive been trying to figure this out but I'm stuck (and I stink at converting word problems into formulas)

Bruce_L

Posted : Tuesday, January 20, 2015 12:41:26 PM

Worden Trainer

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

I'm going to use 1% for both of these. Since the open could be both above and below the high of the previous trading day, we need to check for both possibilities.

.99 * H1 <= O AND O <= 1.01 * H1

Which could also be written as follows.

ABS(O / H1 - 1) <= .01

The close can only be at or below the high of the trading day, so checking for it to be within 1% is a bit simpler.

.99 * H <= C

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