OmniTrader Professional Forum : OmniScan : New 60-day high

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OmniTrader Professional Forum OmniScan New 60-day high		Last Activity 1/16/2025 4:54 AM 2 replies, 260 viewings

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CraigBennett

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Posts: 2

Joined: 7/10/2024
Location: Wentzville, Missouri

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Subject : New 60-day high
Posted : 7/10/2024 1:28 PM
Post #32468

I’ve been trying to figure out how to scan for stocks making new 60-day highs. Something like price is > highs of past 60 days. Doesn’t have to be 60 days, just fiddling with an idea I read about. If we can’t filter for days, two months would work.

Any ideas?

Thanks,
Craig

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Etherist

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Posts: 25

Joined: 6/9/2024
Location: South Australia

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Subject : RE: New 60-day high
Posted : 7/10/2024 10:02 PM
Post #32469 - In reply to #32468

Hey there Craig

From an OmniScan perspective, you could use: h > hhv(60)[1]

or use an Indicator as below:

Try out the attached code for something that might work for you.

=================================================================

1. Parameters:
- Length: Specifies the number of days to look back. Default is 60 days, adjustable from 1 to 365 days.

2. Script Explanation:
- Initialization:
- `HHigh`: Variable to store the highest high observed within the specified period.
- `Period`: Variable to hold the value of the parameter "Length" (number of days to look back).

- Finding Highest High:
- The script initializes `HHigh` to the lowest possible value (`L`).
- It loops through each day within the past `Period` days (`1` to `Period`).
- During each iteration, it compares the high price (`H`) of that day with `HHigh` and updates `HHigh` if `H` is higher.

- Comparison and Plotting:
- After determining the highest high (`HHigh`) over the past `Period` days, the script compares the current closing price (`C`) with `HHigh`.
- If the current price (`C`) is greater than `HHigh`, it plots the current price as "New 60-Day High" in green.
- Otherwise, it plots the current price as "Not a 60-Day High" in red.

3. Return Statement:
- The script returns the value of `HHigh`, which represents the highest high observed over the past `Period` days.

====================================================================

Cheers Etherist :-)

[Edited by Etherist on 7/10/2024 11:20 PM]

Attached file : 60DayHigh.txt (0KB - 62 downloads)
Attached file : 60 Day High.jpg (135KB - 151 downloads)
Attached file : 60 Day High OmniScan.jpg (50KB - 152 downloads)

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CraigBennett

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Posts: 2

Joined: 7/10/2024
Location: Wentzville, Missouri

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Subject : RE: New 60-day high
Posted : 7/10/2024 11:29 PM
Post #32470 - In reply to #32469

Wow, thanks a bunch for terrific reply! More than I asked for.

Kindest regards,
Craig

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