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.

Need help with scanning tool - what is the scan code for

"Price is 50% or more below the 52 week high"

Thanks Jon

Best Answer

  • markdmarkd mod
    edited January 2015 Accepted Answer
    and [weekly close < weekly max(52,weekly close) *.5]

    or, if you want to run it daily instead of weekly

    and [close < max(251,close) *.5]

    Note: 251 is 52 weeks x 5 days - 9 market holidays.

    https://nyse.com/markets/hours-calendars#holidays


    Also note, that this will pick up things that are making new 52 week lows, not just things that are near 50% down. If you want to limit the range of results, you can add a another line - for instance:

    and [close > max(251,close)* .4]

    i.e. things down not more than 60%

    If you want to find candidates in the group that might be turning up:

    and [sma(50, close) > 10 days ago sma(50,close)]
    and [sma(50, close) < 30 days ago sma(50,close)]

    You can play with any of the parameters to see what gives you more useful results.

Answers

Sign In or Register to comment.