How would you suggest I scan for High / Low?

[hockeycoachdoug]

I was watching a YT video of a methodology that seems logical, and I am especially intrigued with it's simplicity, I would like to create a scan to find these setups, but I'm not really sure how to go about it and how to code it. Any help would be appreciated. The basics are as follows- draw a horizontal line at the high and low of the previous weekly bar. The video uses a 1 hr chart with the weekly H/L marked. When prices closes above or below the H/L then returns back under and closes. In the video they use the 1 hr time frame. They put stops at the pivot and shoot for a 2:1 trade return.

I'm not sure what a scan would look like and how to code it. Here is the YT Video- YT Video

 

[BenTen]

The basics are as follows- draw a horizontal line at the high and low of the previous weekly bar.

There are a few versions, check below:

• https://usethinkscript.com/threads/high-low-of-week-previous-week-candle-study.18322/
• https://usethinkscript.com/threads/previous-week-high-low.17984/
• https://usethinkscript.com/threads/weekly-monthly-high-low-line.17312/

In your scanner, make sure the Timeframe is set to W (Weekly).

 

[hockeycoachdoug]

Thanks BenTen for pointing me in the right direction. Much appreciated.