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Gold Customer
Joined: 3/8/2018 Posts: 30
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I am trying to scan for stocks which gapped up or down today morning.
For example.. If something closed at $10 yesterday at market close and it opened at $10.50 this morning.
And i would like to get the same result at anyttime during the day. as i know GAPS can fill up or down.
Thanks
Dipan
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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If you just need the close to be different than the open, than you could use the following condition formula in a daily time frame.
C1 <> O
If you needed the open to be say at least $0.10 different than the previous close.
ABS(C1 - O) >= .1
If you need the open to be at least 1% away from the previous close.
ABS(O / C1 - 1) >= .01
If you need the open to be at least $.05 above the previous close.
O >= C1 + .05
If you need the open to be at least 2% below the previous close.
O <= .98 * C1
The exact formula is going to depend on the specific definition of the gap.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Gold Customer
Joined: 3/8/2018 Posts: 30
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Thanks for the quick response..
This leads me to another questions..
I would think
C1 <> O means... close of previos day is not equal todays open..
and
O <> C1 means .. today's open is not equal to previous days close..
When i do both of these , i get differnt number of results on the same watch list?
Not sure why..
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You should not get a different number of results when scanning the same WatchList in a daily time frame once the market has opened. Are the time frames both set to daily? If so, please contact technical support.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 11/26/2012 Posts: 1
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How would I write a scan for a GAP where the Open is Greater than the previous close. In addition, Open is Less than the previous close.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The open just being greater than the previous close is the following.
O > C1
While the open being below the previous close would be the following.
O < C1
-Bruce Personal Criteria Formulas TC2000 Support Articles
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