Price Percentage Change within Certain Time Period

[ptcll96108]

Hello, I am trying to create some thinkorswim scans based on Qullamaggie's work. The criteria for one of his setups is this:

1. A big move higher sometime in the past 1-3 months. This move can be anywhere from 30-100%+ and usually lasts a few days to a few weeks.
2. An orderly pullback and consolidation with higher lows and tightening range in the consolidation phase.
3. A range expansion (breakout) out of that consolidation. The consolidation phase is usually 2 weeks to 2 months. During the consolidation the stock price “surfs” the rising 10- and 20-day. and sometimes toe 50-day moving average.

I have already used TTM squeezes to identify consolidations, but I'm trying to write a script for #1. Unfortunately as you know TOS does not have a RS tool or price performance tool as tc or traderview does. I was looking at the study "Price_Change" but this misses what Im trying to accomplish here. It only looks for minimum % change from the close between two specific dates, not ANY minimum price move WITHIN a certain frame. This is critical because I do not want to rule out stocks that maybe have not technically made a 30% move within the past month because they have corrected a certain amount to not fit the criteria. Does that make sense?

For example, if I used the "Price_Change" study to find stocks that have moved a minimum 30% in the past 21 bars on the daily (1 month), it would eliminate stocks that may have moved 30% but corrected practically any meaningful amount to not fit within a 30% move criteria anymore. Well the whole point is looking for stocks that are currently correcting/consolidating after a big move so TOS's basic price change study wont work. I could have it say its moved at least 10-15% amount but that would give me too much noise in my scan. In summary, I just want to look at stocks that have made any kind of 30-100% move within a certain time frame (in Qullamaggie's case, 1 month, 3 month and 6 month time frames) regardless where they are now.

Thanks!

 

[halcyonguy]

Hello, I am trying to create some thinkorswim scans based on Qullamaggie's work. The criteria for one of his setups is this:

1. A big move higher sometime in the past 1-3 months. This move can be anywhere from 30-100%+ and usually lasts a few days to a few weeks.
2. An orderly pullback and consolidation with higher lows and tightening range in the consolidation phase.
3. A range expansion (breakout) out of that consolidation. The consolidation phase is usually 2 weeks to 2 months. During the consolidation the stock price “surfs” the rising 10- and 20-day. and sometimes toe 50-day moving average.

I have already used TTM squeezes to identify consolidations, but I'm trying to write a script for #1. Unfortunately as you know TOS does not have a RS tool or price performance tool as tc or traderview does. I was looking at the study "Price_Change" but this misses what Im trying to accomplish here. It only looks for minimum % change from the close between two specific dates, not ANY minimum price move WITHIN a certain frame. This is critical because I do not want to rule out stocks that maybe have not technically made a 30% move within the past month because they have corrected a certain amount to not fit the criteria. Does that make sense?

For example, if I used the "Price_Change" study to find stocks that have moved a minimum 30% in the past 21 bars on the daily (1 month), it would eliminate stocks that may have moved 30% but corrected practically any meaningful amount to not fit within a 30% move criteria anymore. Well the whole point is looking for stocks that are currently correcting/consolidating after a big move so TOS's basic price change study wont work. I could have it say its moved at least 10-15% amount but that would give me too much noise in my scan. In summary, I just want to look at stocks that have made any kind of 30-100% move within a certain time frame (in Qullamaggie's case, 1 month, 3 month and 6 month time frames) regardless where they are now.

Thanks!

here is a post to find the biggest gain (from low to high) , within the last x bars, to the current bar.
https://usethinkscript.com/threads/largest-gain-range-since-uptrend.2418/#post-135379

it could be changed to stop at some previous bar