ATH High Scan

[armdav]

Hi,

Long time reader and first time poster here. And I'm not a coder by any means. I'm trying to add a condition to my existing scanner where the price/close is less than or equal 20% from ATH. I tried to modify another script I found here, but it doesn't do what I need. Please, can someone take a look at it?

close(“period” = AggregationPeriod.DAY) /
Highest(“data” = CLOSE, “length” = 250)
is less than 1.2

 

[mashume]

it'd go something like this:

def ATH = highest(data = CLOSE, length = 250);
def eighty_percent_ath = ATH * 0.8;
plot within_twenty_percent = if CLOSE <= eighty_percent_ath then 1 else double.nan;

of course, I've just typed this out here in UToS, and it may have some errors, but it should give you the idea of how to move forward.

Explicit code is always better than implicit, and writing out all of your steps as separate def statements is almost always going to produce fewer untraceable errors down the road.

Best of luck, and welcome to the community,
mashume

 

[armdav]

Thanks a lot. It was just a minor typo in your code eight_percent_ath => eighty_percent_ath. Looks like it works. Appreciate it.