New Members: Be sure to confirm your email address by clicking on the link that was sent to your email inbox. You will not be able to post messages until you click that link.

Percentage change from open

Can I ask, does (Close > Open * .50) mean that price is up one half a percent from it's open?


  • I would like to add a % change on the same day requirement to my scans.
  • markdmarkd mod
    edited January 2022
    One per cent is .01. So a half per cent would be .005.

    But, a half per cent of the open would be just a small fraction of the open. So, suppose the open is 100.

    100 * .005 would be .5

    So, your statement would be close > .5, which is bound to be true.

    What you want is

    and [close > open + [open*.005]]

    So if open is 100, it would be "close > 100 + (100*.005)", same as "close > 100 + .5", same as "close > 100.5".
  • Thanks Mark. I am envious of your brain power. I am trading SPX only now and I am working on another filter the help reduce or eliminate a few of the losers. I will use a half percent filter on some and about one percent of some others. Thank you. I'll go experiment with what you gave me.
  • It does exactly what I want. Thanks
  • Another way to express it is:

    and [close > open*1.005]

    ... a little easier to write - just make sure you use 2 zeroes and not one zero by mistake.
  • Thanks appreciate it
Sign In or Register to comment.