SYMLIST(ABK,RDN,TMA) /* enter whatever tickers you want to calculate here*/
set{range1ago, high 1 day ago - low 1 day ago}
set{range2ago, high 2 day ago - low 2 day ago}
set{range3ago, high 3 day ago - low 3 day ago}
set{range4ago, high 4 day ago - low 4 day ago}
set{range5ago, high 5 day ago - low 5 day ago}
set{tot12, range1ago + range2ago}
set{tot34, range3ago + range4ago}
set{tot1234, tot12 + tot34}
set{tot_15, tot1234 + range5ago}
set{range_avg15, tot_15 / 5}
add column range_avg15 {5day_avg_range}
set{hi_range, open + range_avg15}
set{range1ago, high 1 day ago - low 1 day ago}
set{range2ago, high 2 day ago - low 2 day ago}
set{range3ago, high 3 day ago - low 3 day ago}
set{range4ago, high 4 day ago - low 4 day ago}
set{range5ago, high 5 day ago - low 5 day ago}
set{tot12, range1ago + range2ago}
set{tot34, range3ago + range4ago}
set{tot1234, tot12 + tot34}
set{tot_15, tot1234 + range5ago}
set{range_avg15, tot_15 / 5}
add column range_avg15 {5day_avg_range}
set{hi_range, open + range_avg15}
add column open
add column hi_range
set{low_range, open - range_avg15}
add column low_range
set{low_range, open - range_avg15}
add column low_range
Posts
5 comments:
I think this measurement is very useful. Today I was short ONNN and at 12:15ET had a profit of 5.5%. I was about to cover under my normal "take it and run" plan. But I then ran the range calculator and found that the range over the last 5 days would predict a low at about 2.76 which would give me a profit well over 10%. So I did not cover and presently at 1:24ET the position is at a profit of 9.6%.
I also am using it to determine when to sell some VECO that I shorted today. It had gone up a lot after the open before I shorted it. So in that case I want to measure the difference between the High and average range, as that will show when the stock has traversed its average range today. So I added columns to do that and to measure the difference between the the Low and the average range. I renamed the columns to make the names more descriptive. I will paste the modified code below.
Thanks to JV for the great idea!
SYMLIST(onnn,jns,veco) /* enter whatever tickers you want to calculate here*/
set{range1ago, high 1 day ago - low 1 day ago}
set{range2ago, high 2 day ago - low 2 day ago}
set{range3ago, high 3 day ago - low 3 day ago}
set{range4ago, high 4 day ago - low 4 day ago}
set{range5ago, high 5 day ago - low 5 day ago}
set{tot12, range1ago + range2ago}
set{tot34, range3ago + range4ago}
set{tot1234, tot12 + tot34}
set{tot_15, tot1234 + range5ago}
set{range_avg15, tot_15 / 5}
add column range_avg15 {5day_avg_range}
set{open_plus_range, open + range_avg15}
add column open_plus_range
set{low_plus_range, low + range_avg15}
add column low_plus_range
add column open
set{high_minus_range, high - range_avg15}
add column high_minus_range
set{open_minus_range, open - range_avg15}
add column open_minus_range
That's a great filter. Very handy
niiice
Haven't even played around with this yet, but I just wanted to say thanks in advance Johnny. I appreciate all the work you do.
ADR s/r totally works, Johnny V and I picked off the airlines quite a few times based on this a few months ago
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