HighestAll scan

[CharlieK]

I have a couple of labels on my chart. One is the Highest price, the second is the percentage off of the high. The labels work as intended. This is used on a Monthly/Max chart.

Labels:

input price = high;
def H = HighestAll(high);
def Per = ((HighestAll(high)-close)/HighestAll(high))*100;

AddLabel(1, "HighestAll = : + H, Color.CYAN);
AddLabel(1, "% Off High = : + Per, Color.CYAN);

I wanted to add this to a scan, to find names that are within 20% of the high. It's returning names that are well beyond 20... The aggregation in the Scanner Custom Filter is set to Mo.

def Per = ((HighestAll(high)-close)/HighestAll(high))*100;
def Tight = if Per <= 20 then 1 else 0;
plot signal = if Tight then 1 else 0;

What do I have wrong?

 

[edu1102]

close to the up post
how to establish a sell order that is 30% lower that the highest price after buying the stock
this looks like:
=(High price (after buying the stock) minus buy price)X.3 (30%)
and apply that as a trailing stop limit for all stocks
thanks best

 

[MerryDay]

I have a couple of labels on my chart. One is the Highest price, the second is the percentage off of the high. The labels work as intended. This is used on a Monthly/Max chart.

Labels:

input price = high;
def H = HighestAll(high);
def Per = ((HighestAll(high)-close)/HighestAll(high))*100;

AddLabel(1, "HighestAll = : + H, Color.CYAN);
AddLabel(1, "% Off High = : + Per, Color.CYAN);

I wanted to add this to a scan, to find names that are within 20% of the high. It's returning names that are well beyond 20... The aggregation in the Scanner Custom Filter is set to Mo.

def Per = ((HighestAll(high)-close)/HighestAll(high))*100;
def Tight = if Per <= 20 then 1 else 0;
plot signal = if Tight then 1 else 0;

What do I have wrong?

RangeAll functions (HighestAll, InertiaAll, TotalSum, etc...) will not return reliable results in the Scan Hacker.

RangeAll functions are used to plot calculations based on ALL the bars contained in a chart.
Scan Hacker has no idea how many bars are in your chart or how many bars you would like it to use in its calculations.

Instead of HighestAll, InertiaAll, TotalSum, etc... substitute Highest / Inertia / Sum etc... functions along with a defined set of bars on which to base your calculations.

 

[CharlieK]

RangeAll functions (HighestAll, InertiaAll, TotalSum, etc...) will not return reliable results in the Scan Hacker.

RangeAll functions are used to plot calculations based on ALL the bars contained in a chart.
Scan Hacker has no idea how many bars are in your chart or how many bars you would like it to use in its calculations.

Substitute Highest / Inertia / Sum etc... functions along with a defined set of bars on which to base your calculations.

Because I'm looking for the highest the stock has ever traded... And because each stock will have a different length of chart, what I want to do, isn't possible?

And as I'm typing that, it just occurred to me. Is there a problem with saying 1200 monthly bars? Or 100 years? If I'm looking for the highest it's traded in the last 100 or even 200 years, it has still made a highest point in those 2400 monthly bars? If the chart doesn't go back that far, it shouldn't matter, correct?

 

[MerryDay]

Because I'm looking for the highest the stock has ever traded... And because each stock will have a different length of chart, what I want to do, isn't possible?

And as I'm typing that, it just occurred to me. Is there a problem with saying 1200 monthly bars? Or 100 years? If I'm looking for the highest it's traded in the last 100 or even 200 years, it has still made a highest point in those 2400 monthly bars? If the chart doesn't go back that far, it shouldn't matter, correct?

https://tlc.thinkorswim.com/center/...tudyfilters#:~:text=Data Limitations,20 years