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Understanding range, Looking for day trading stocks
I am not sure if I understand "range". Whether that is today's bar range or an average of some kind.
This is what I am trying to do.
Create a list of good stocks to day trade. They must be active and They must have intra day moves that will provide technical signals for high percentage trades worth a minimum 10 cents. Preferably a little higher. But consistent 10 cent signals is the minimum I need.
This is my simple basic scan. Is this doing what I want or am I missing something?
[type is stock] and [sma(20,volume) > 4000000]
and [[exchange is NYSE] or [exchange is NYSE]]
and [Close > 30]
and [Close < 80]
and [group is Not ETF]
and [Daily Range > 1.5]
and [Daily Range < 5]