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Stocks at All Time Highs/Lows

by QuantShare, 4571 days ago
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This trading indicator detects whether a stock is trading at an all-time high or low. In this case, it returns 1, otherwise it returns 0. The function can also be used to detect all-time highs/lows of other time-series, technical analysis or fundamental indicator.

Screen for stock making new all-time highs:

- Select "Analysis" then "Screener"
- If you are in "Wizard" mode, set the following rule:
AllTimeHL(close, 1) equal to 1

- Otherwise, type the following formula:
var1 = close == 1;
filter = (var1);

Select your symbols, screen date and time frame then click on "Start" to begin the screening process.

You can add columns to the screener grid using the "AddColumn" function or by clicking on "Add Column" button.

Example:
AddColumn("Previous A.T. High", barssince(ref(var1, 1)));

This will create a new column that displays the number of trading bars since the previous all-time high.


Other Example of rules:

Stocks making a new all-time low then a new all-time high within the next three months:
rule1 = AllTimeHL(close, 1) and hhv(AllTimeHL(close, 0), 3 * 25);

Here is how to update the previous trading rule to discard the first 250 bars (year):
rule1 = AllTimeHL(close, 1) and hhv(AllTimeHL(close, 0), 3 * 25) and sum(1) > 250;

Stocks making new all-time highs with a big increase in volume:
rule2 = AllTimeHL(close, 1) and sma(volume, 2) > 4 * sma(volume, 20);

Stocks making new all-time lows with no gap down:
rule3 = AllTimeHL(close, 0) and !gapdown();


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Additional Information




Type: Trading Indicator

Object ID: 1051


Country:
All

Market: Stock Market

Style:
Technical Analysis

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