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

in SharpCharts
"Price is 50% or more below the 52 week high"
Thanks Jon
Thanks Jon
0
Best Answer
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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.0
Answers
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Thank you sir.0
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Wow. Very nice markd.0
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