need help finishing a code on trending stock scan

Hi , anyone can help me finish the code on the watchlist column.


So i'm assuming if a stock intraday high is 4% higher than open, it's likely to trend up higher.
and if stock low is 4% lower than open it's likely to trend lower.

How i make a scan on my watch list to



Code:
input threshold = 4;

def trendup  = ((high - open)/open)*100 ;
def trenddn = ((open-low)/low)*100 ;

wants to do something like the column
produce 3 scenarios of
1. trend up if trendup > threshold
2. trend down if trenddn>threshold
3. NA if stock did not meet threshold, meaning the price is within 4% move.

thank u
 
Solution
Hi , anyone can help me finish the code on the watchlist column.


So i'm assuming if a stock intraday high is 4% higher than open, it's likely to trend up higher.
and if stock low is 4% lower than open it's likely to trend lower.

How i make a scan on my watch list to



Code:
input threshold = 4;

def trendup  = ((high - open)/open)*100 ;
def trenddn = ((open-low)/low)*100 ;

wants to do something like the column
produce 3 scenarios of
1. trend up if trendup > threshold
2. trend down if trenddn>threshold
3. NA if stock did not meet threshold, meaning the price is within 4% move.

thank u

your statement is confusing.
...make a scan on my watchlist...

don't know if you want a scan or column code.
you mentioned scan first...

halcyonguy

Well-known member
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Lifetime
Hi , anyone can help me finish the code on the watchlist column.


So i'm assuming if a stock intraday high is 4% higher than open, it's likely to trend up higher.
and if stock low is 4% lower than open it's likely to trend lower.

How i make a scan on my watch list to



Code:
input threshold = 4;

def trendup  = ((high - open)/open)*100 ;
def trenddn = ((open-low)/low)*100 ;

wants to do something like the column
produce 3 scenarios of
1. trend up if trendup > threshold
2. trend down if trenddn>threshold
3. NA if stock did not meet threshold, meaning the price is within 4% move.

thank u

your statement is confusing.
...make a scan on my watchlist...

don't know if you want a scan or column code.
you mentioned scan first, so i'm guessing scan...


try adding this to the end of your study

Code:
plot z = if ( trendup > threshold or 
absvalue(trenddn) > threshold) then 1 else 0;
 
Solution
Hi can you please help me modify the code further.🙏
I'm working in to use in a watchlist column

The idea is to buy this kind of dip after or short the pop after a mass panic .
image.png


I have added in $3 move run as an assumption of a trend for stock price between $60 to $422725

I want only results that are at the vwap right now, i assume it's 0.8% for stock price below $60.
and $0.3 for stock price above $60.

Keep getting no result.

Code:
#trend signal
input perc_threshold = 4;
input dollar_threshold = 3 ;

def trendup  = ((high - open)/open)*100 ;
def trenddn = ((open-low)/low)*100 ;
def dollartrendup = (high-open);
def dollartrenddn = (open-low);


#vwap distance
input vwap_percent = 0.8;
input vwap_dollar = 0.3;
input price   = close;
def   VWAP    = reference VWAP();


plot z = if ( trendup > perc_threshold and between(price, VWAP - 1 * (vwap_percent/100), VWAP + 1 * (vwap_percent/100))
 or

absvalue(trenddn) > perc_threshold) and between(price, VWAP - 1 * (vwap_percent/100), VWAP + 1 * (vwap_percent/100))

or

close >60 and dollartrendup>dollar_threshold and between(price, vwap_dollar, VWAP + vwap_dollar)

or
close < 60 and absvalue(dollartrenddn) > dollar_threshold and  between(price, vwap_dollar, VWAP + vwap_dollar)

then 1 else 0;
 ;
 
Last edited:

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