Stock Pullback Watchlist / Scan

[AshtheMan]

Hey if I can get some help too here I am looking to make a custome watchlist that signals when the stock pulls back (or comes back up) 50% of the previous day, week or month. I use this strategy (50% rule) for day trading and swinging currently cuz I know using the Start by rob smith let’s say last week a stock dropped $10 and then the next week as it finds a bottom and recovers if it goes up by $5 that’s above the 50% mark of last weeks and that will trigger telling me? Same thing for the daily and monthly. Any way that’s possible?

 

[Pensar]

@AshtheMan This will highlight any stock that is within 5% of your midpoint. You will need to select the appropriate watchlist column aggregation as needed.

def h = high;
def l = low;
plot mid = round(((close - l)/(h - l))*100,1);
mid.setdefaultcolor(color.black);
AssignBackgroundColor(if mid > 45 && mid < 55 then color.white
                      else color.dark_gray);