Bullish Morning Momentum

[Scotty123]

Hi All,

There is a filter on Fidelity's Active Trader Pro called "Bullish Morning Momentum" which:

[B]Finds stocks that opened today within 1% of today's low and current price is higher than the previous trading session's high.[/B]

It can often find stocks that have a nice upwardly sloping price line for the morning hours.

Would anyone know how to write the TOS script to create that indicator?

Thanks Much!

Scott

 

[halcyonguy]

Hi All,

There is a filter on Fidelity's Active Trader Pro called "Bullish Morning Momentum" which:

[B]Finds stocks that opened today within 1% of today's low and current price is higher than the previous trading session's high.[/B]

It can often find stocks that have a nice upwardly sloping price line for the morning hours.

Would anyone know how to write the TOS script to create that indicator?

Thanks Much!

Scott

here is an upper chart study to experiment with
it displays the % change of day open and the day low
draws lines at day low and prev day high

if day low is within x% of day open and close is > prev day high, then high line is green

#bullish_morning_momentum

#https://usethinkscript.com/threads/bullish-morning-momentum.21336/
#Bullish Morning Momentum

def na = double.nan;
def bn = barnumber();

def gd = GetDay();
def newday = gd != gd[1];
def n = 500;
def big = 99999;

def daylo;
def dayhi;
def prevhi;
if newday then {
 dayhi = fold a = 0 to n
 with b
 while getvalue(gd, -a) == gd
 do max(getvalue(high, -a), b);

 daylo = fold c = 0 to n
 with d = big
 while getvalue(gd, -c) == gd
 do min(getvalue(low, -c), d);

 prevhi = dayhi[1];
} else {
 dayhi = dayhi[1];
 daylo = daylo[1];
 prevhi = prevhi[1];
}

def dayopen = if newday then open else dayopen[1];
input open_low_per = 1.0;
def openlowper = round(100*(dayopen - daylo)/dayopen,1);
def isopenlowper = openlowper <= open_low_per;

def isclsprevhi = close >= prevhi;


#if low is within x% of open then make low line green
plot z1 = if isnan(prevhi) then na else if prevhi == 0 then na else prevhi;
z1.AssignValueColor(if isopenlowper and isclsprevhi then color.green else color.dark_gray);
z1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
z1.setlineweight(2);
z1.hidebubble();

plot z2 = daylo;
z2.SetDefaultColor(Color.gray);
z2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
z2.setlineweight(1);
z2.hidebubble();


addchartbubble(newday, daylo,
 openlowper + " %\n"
# dayopen + "\n" +
# daylo
, (if isopenlowper then color.green else color.gray), no);
#

 

[Scotty123]

here is an upper chart study to experiment with
it displays the % change of day open and the day low
draws lines at day low and prev day high

if day low is within x% of day open and close is > prev day high, then high line is green

#bullish_morning_momentum

#https://usethinkscript.com/threads/bullish-morning-momentum.21336/
#Bullish Morning Momentum

def na = double.nan;
def bn = barnumber();

def gd = GetDay();
def newday = gd != gd[1];
def n = 500;
def big = 99999;

def daylo;
def dayhi;
def prevhi;
if newday then {
 dayhi = fold a = 0 to n
 with b
 while getvalue(gd, -a) == gd
 do max(getvalue(high, -a), b);

 daylo = fold c = 0 to n
 with d = big
 while getvalue(gd, -c) == gd
 do min(getvalue(low, -c), d);

 prevhi = dayhi[1];
} else {
 dayhi = dayhi[1];
 daylo = daylo[1];
 prevhi = prevhi[1];
}

def dayopen = if newday then open else dayopen[1];
input open_low_per = 1.0;
def openlowper = round(100*(dayopen - daylo)/dayopen,1);
def isopenlowper = openlowper <= open_low_per;

def isclsprevhi = close >= prevhi;


#if low is within x% of open then make low line green
plot z1 = if isnan(prevhi) then na else if prevhi == 0 then na else prevhi;
z1.AssignValueColor(if isopenlowper and isclsprevhi then color.green else color.dark_gray);
z1.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
z1.setlineweight(2);
z1.hidebubble();

plot z2 = daylo;
z2.SetDefaultColor(Color.gray);
z2.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);
z2.setlineweight(1);
z2.hidebubble();


addchartbubble(newday, daylo,
 openlowper + " %\n"
# dayopen + "\n" +
# daylo
, (if isopenlowper then color.green else color. Gray), no);
#

Wow, thank you very much!

Looking at that code, I can see why you are classified as an Expert with TOS script! And also a kitty lover from your picture!

I could almost say the script is perrrfect, except I want a scan filter so that I can find all the stocks that have bullish morning momentum. But it is an excellent start (that would probably take me years to come up with) and I will see what I can do!

Scotty123