Help with a price action scanner.

Rookie

New member
Is it possible to scan for stocks that have a certain number and dollar amount of price action swings over a given time period? For example, the scan would search for a stock that has 5, $0.40 swings over the last 5 days on a 1 to 3 minute chart? If so, could someone please offer some advice as to how to accomplish this? Thank you very much in advance for any help with this issue.
 

rad14733

Well-known member
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@Rookie While your concept may sound simple to you, in reality it is somewhat ambiguous from a logic standpoint... If you want this in code then you need to be able to break the concept down into it's most minute components... In this case you would need at least two counters and some method of distinguishing those moves of at least 0.40... Is this something you have attempted or are you simply tossing out a challenge for others...??? I ask because putting what would be a quick visual scan of historical chart data into code isn't as simple as the human brain makes it out to be from a coding standpoint... So you have to ask yourself, is it really worth the effort...??? What would this information do to improve someone's trading...??? Tell us why you feel this would be a worthwhile venture... The reason I say all of this is because I come up with ideas all the time but then I need to evaluate whether or not they are worth my time and effort, let alone anyone else's...
 

Rookie

New member
@rad14733 Thank you for taking the time to respond to my post. I have not attempted to write this script. I guess I was just fishing to see if anyone knew of an existing script that fit the bill or perhaps it was an easy project. Obviously I am a rookie and my ignorance is showing. I was thinking it would be worthwhile because I try to catch smaller intraday price swings and I want to focus on stocks that have a recent track record of them.
 

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