Scanning for higher highs

taz43

I'm looking for help in making a scan that can detect higher high closes and possibly higher low closes. An example is an attached chart of GPRO earlier in January that started forming higher highs and higher lows. Is it possible to form a scan for this pattern within a 2 week period or even a month?

markd

The scan engine is really designed to pick up changes in indicators, like a crossover, rather than price patterns (although it does have built in P&F pattern scans).

I would suggest that you explore what a variety of indicators or overlays are doing in the situations you are trying to pick up.

For instance, in the example you provided, the 5 MA crossing over the 20 MA would have given you a timely signal.