Hi Bruce,

Is there a way to scan for stocks retracing to their fib levels on daily ? 23.8%, 38.2%, 50% etc etc 

thank you

If you mean within a trading day, you can find where price is within its range using the follwonig daily formula.

STOC1

Stochastic Oscillator

Or where price is within in true range using the following daily formula.

100 * (C - LEAST(L, C1)) / (GREATEST(H, C1) - LEAST(L, C1))

Thanks Bruce,

But I was referring to Fib retracements levels. intraday/daily. so lets say i wantto find what stocks have pulled back to 38.2% or 50% after a move intraday

thank you

Have you tried it? The formula does show where price is intraday relative to its daily range.

The first formula is base on what is literally today's range.

The second formula has the range include the close of the previous bar as well as part of today's range.

There is no way to actually create an intraday formula for this as there is no way to tell when the trading day starts or ends in an intraday formula.

Sounds good thanks Bruce!

Hi Bruce,

Is it possible to have this formula for a daily period rather than intra day.

Regards,

MK

The formula as given is already designed to be set to a daily time frame.