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.
 
@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...
 
@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.
 

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
336 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top