50% retracement of the previous daily candle

[leedagr8]

Hello I'm a strat trader. I saw theirs a huge forum around the strat in here that's been really helpful, however I like to trade stocks with potential outside day setups, or stocks that are at the previous day 50% level. I have code that can scan for the previous days High, Low, and 50% mark. But I want to be able to customize it more so that my watchlist will refresh when the following condition are true.

Plot scan = (if Low < Low[1] && last >= previousDailyFiftyPercentLevel) or ( if high > high[1] && last >= previousDailyFiftyPercentLevel);

If possible ( I know thinkscript has a hard time with different aggregation periods) it'll be nice to see on the 5min chart if the last price has touched the previous day's 50% level and closed above it or below it.

 

[Chemmy]

Hello I'm a strat trader. I saw theirs a huge forum around the strat in here that's been really helpful, however I like to trade stocks with potential outside day setups, or stocks that are at the previous day 50% level. I have code that can scan for the previous days High, Low, and 50% mark. But I want to be able to customize it more so that my watchlist will refresh when the following condition are true.

Plot scan = (if Low < Low[1] && last >= previousDailyFiftyPercentLevel) or ( if high > high[1] && last >= previousDailyFiftyPercentLevel);

If possible ( I know thinkscript has a hard time with different aggregation periods) it'll be nice to see on the 5min chart if the last price has touched the previous day's 50% level and closed above it or below it.

Hi, this might be what you're looking for -- I don't trade the strat so let me know if I'm missing something, but the following code will grab the previous day's high, low, and halfway point. Then I just added your scan plot and adjusted it to Thinkscript format. You should be able to just plug this into a watchlist from here.

def PHOD = high(period = aggregationperiod.day)[1];
def PLOD = low(period = aggregationperiod.day)[1];

def previousDailyFiftyPercentLevel = (phod + plod) / 2;

Plot scan = ( Low < Low[1] and close >= previousDailyFiftyPercentLevel) or (  high > high[1] and close >= previousDailyFiftyPercentLevel);

 

[diego]

Hello I'm a strat trader. I saw theirs a huge forum around the strat in here that's been really helpful, however I like to trade stocks with potential outside day setups, or stocks that are at the previous day 50% level. I have code that can scan for the previous days High, Low, and 50% mark. But I want to be able to customize it more so that my watchlist will refresh when the following condition are true.

Plot scan = (if Low < Low[1] && last >= previousDailyFiftyPercentLevel) or ( if high > high[1] && last >= previousDailyFiftyPercentLevel);

If possible ( I know thinkscript has a hard time with different aggregation periods) it'll be nice to see on the 5min chart if the last price has touched the previous day's 50% level and closed above it or below it.

Hi everyone can someone help me for the reverse of this scanner. Thank you so much