Trading In TOP Half of the Range

Teknical

Hello need help in scanning as in the image attached . I want a scan for stocks which are trading in the top half of the 52-week or 3-months range for atleast 5-days. I have marked the zones and coloured them accordingly Blue Zone : 100% Green Zone:50% and Below 50 I have coloured Red Zone. Please if anyone could guide me with the scanner

Teknical

Here is the image

markd

Top half of 250 day (yearly) range (52 weeks x 5 days = 260 - 10 nyse holidays=250)

and [min(5, Fast Stoch %K(250,1)) > 50]

Top half of 63 day (quarterly - 250/4 = 62.5) range

and [min(5, Fast Stoch %K(63,1)) > 50]

This doesn't account for where they have been, only where they are now. So they could be coming down from higher levels toward 50, or rising from below 50.

You might be interested in my response to your query about scans I use. I couldn't reply right away, but I did respond:

https://scan.stockcharts.com/discussion/2851/williams-fractals#latest

Teknical

Thank you Markd for prompt response and also sharing scans that you use . Also how to add scan filter for stock which are trading in small range I mean small bar height and small bar bodies for say 3-days or 5-days

markd

I don't think there is a simple way to scan for small bodies. but for small range, you could try:


and [sma(3,range) < sma(20, range) * .5]

That says the three day average range is less than half the 20 day average range.

Or maybe

and [max(3, range) < sma(20, range) *.25]

meaning, the best range over the last three days is less than one quarter the 20 day average range.

You could play around with the numbers (3, 20, .5, .25) to see what works.

Another possibility:

and [max(3,range) < 4 days ago min(10,range)]

Also play with the numbers for this one.

Testing for the bodies is more complex because you have to account for possible negative numbers when you subtract close and open.