Scan for Intraday High

[elijahcraig18]

I am looking to make a scanner that scans for stocks that are currently hitting their High of Day with a Relative Volume of >2. I am new to all of this and previously just paid for all these scanners monthly, but I don't want to pay for them any more.

 

[Joshua]

I am not sure which scanner you've been using so far, or its update frequency, but be aware that ThinkOrSwim scans only update every few minutes or so. That being said, it is unwise to scan for stocks exactly at their high, as a stock may only be at that price for very brief moments as it fluctuates. It is generally necessary to provide some type of threshold to account for this issue. This, by default, will return stocks where the current price is within the upper ten percent of today's range, with volume being two times the twenty day volume average. You can, of course, adjust it. See how it works, maybe we can modify it. Run it on the Daily aggregation.

input HighThreshold = 10;
input VolumeMultiple = 2;
input AvgLength = 20;
def NearHigh = between(close,high - ((high - low) * (HighThreshold * 0.01)),high);
def RelVolume = volume >= simpleMovingAvg(volume, AvgLength) * VolumeMultiple;
plot Scan = NearHigh and RelVolume;

By the way, may I ask who was the grifter actually charging you money for something like this?

 

[elijahcraig18]

I am not sure which scanner you've been using so far, or its update frequency, but be aware that ThinkOrSwim scans only update every few minutes or so. That being said, it is unwise to scan for stocks exactly at their high, as a stock may only be at that price for very brief moments as it fluctuates. It is generally necessary to provide some type of threshold to account for this issue. This, by default, will return stocks where the current price is within the upper ten percent of today's range, with volume being two times the twenty day volume average. You can, of course, adjust it. See how it works, maybe we can modify it. Run it on the Daily aggregation.

input HighThreshold = 10;
input VolumeMultiple = 2;
input AvgLength = 20;
def NearHigh = between(close,high - ((high - low) * (HighThreshold * 0.01)),high);
def RelVolume = volume >= simpleMovingAvg(volume, AvgLength) * VolumeMultiple;
plot Scan = NearHigh and RelVolume;

By the way, may I ask who was the grifter actually charging you money for something like this?

Ok. I'm going to run this for a couple days next to my TradeIdeas scanners. Hopefully it matches up pretty close. Is there a way to highlight the background of the symbol or mark price in the watchlist to alert me when its triggering the NearHigh?