Is there a way to scan for stock hitting new low and new high on the daily. This is for intra-day scanning ofcourse.

Thanks,

Gimani

You can create a daily Condition Formula to check if price is currently at its high for the trading day.

C = H

Or its low for the trading day.

C = L

But it isn't an automated way to check if the high of the current intraday bar is the high of the day or the low of the current intraday bar is the low of the day without manually creating the formula based on the number of bars which have passed so far in the trading day.

Thank you Bruce - I am triying to come up with a bottom reversal  scanner and so I am looking for stocks that have had three or more 5 min down bars. I thought using low of day scanning would give me tickers to scan through. This is true for Top Reversal scanner as well.

Thanks.

You can mix time frames in an EasyScan. So you could use one of the daily Condition Formula above and then check for three up bars or three down bars. The following defines up bars as having increasing closes.

C > C1 AND C1 > C2 AND C2 > C3

And the following uses the highs.

H > H1 AND H1 > H2 AND H2 > H3

Reversing the close version just involves change the > signs to < signs.

C < C1 AND C1 < C2 AND C2 < C3

You have to also change the Hs to Ls if you want to check for lower lows.

L < L1 AND L1 < L2 AND L2 < L3

Are they working on a way to find stocks making new daily highs on above average volume?

I am not aware of any specific plans which would allow you to do this sort of scan directly.

You could however use the C = H or C = L trick from my first post in the forum to scan in a daily time frame and then sort by a Volume Buzz WatchList Column.

Instead of Volume Buzz, you could compare the volume of the bar to the average volume over the prevous trading day. For example, in a 1 minute time frame, you could check for above average volume using something like the following.

V > AVGV390.1