Percentage scan - ThinkOrSwim | futures io social day trading
futures io futures trading


Percentage scan
Updated: Views / Replies:199 / 5
Created: by Alcamo Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Percentage scan

  #1 (permalink)
san pedro ca. USA
 
 
Posts: 6 since May 2019
Thanks: 2 given, 4 received

Percentage scan

Can someone help me write a script in TOS for scanning stocks whose yesterday's range was greater than the range of last 5 days?
Thank you

Reply With Quote
 
  #2 (permalink)
Minneapolis Minnesota
 
 
Posts: 18 since Jul 2019
Thanks: 0 given, 7 received


Alcamo View Post
Can someone help me write a script in TOS for scanning stocks whose yesterday's range was greater than the range of last 5 days?
Thank you

Save this as a study, reference that study in the scanner

 
Code
declare lower;
input length = 5;
plot Scan = TrueRange(high, close, low) > Highest(TrueRange(high, close, low)[1], length - 1);

Reply With Quote
The following user says Thank You to Nube for this post:
 
  #3 (permalink)
Las Vegas NV USA
 
Trading Experience: Beginner
Platform: TWS, TOS, Multicharts
Broker/Data: IB
Favorite Futures: Stocks, ETFS,Options
 
Lysakat's Avatar
 
Posts: 26 since Jul 2014
Thanks: 11 given, 8 received

Not sure if this is what you wanted


When I read the offered script:

declare lower;
input length = 5;
plot Scan = TrueRange(high, close, low) > Highest(TrueRange(high, close, low)[1], length - 1);

in English it reads,
create a plot (your choice of TOS types in a lower chart) displaying either '0' or '1' (false or true) if today's TrueRange is greater than any 'TR" of the 4 days before today. OR is today's 'TR" bigger than any of the 4 days before today.

Also remember today's range varies depending upon today's movement, highs may get higher and lows lower.

TOS defines "TR" is the greatest of the following:
the difference between the current high and the current low
the difference between the current high and the previous close
the difference between the previous close and the current low

To me, that is not what you said but it may be what you want.

If it is not what you want, then the script needs correction. 'TrueRange' is not range (difference between today’s high and low) but an often-used calculated value.

What I read from "stocks whose yesterday's range was greater than the range of last 5 days" is this:

Show me today if yesterday's range (the difference between high and low) is greater than the any of the 5 days before yesterday. That may also imply yesterday's range is greater than today's.

Additionally, TOS lets you display the results in ways that may be easier to read. For instance, because the offered script returns a boolean value, TOS could display an arrow, wedge, or point above or below your candlesticks, assuming you use candlesticks on the same chart.

Before any changes please be explicit in what you need so you get what you want.

You may already have it but please be sure as there may be money riding on it.

Hope this helps

Reply With Quote
 
  #4 (permalink)
Legendary Market Wizard
Dallas, TX
 
Trading Experience: Intermediate
Platform: NT, TS
Broker/Data: IB, Oanda
Favorite Futures: ES, MES, MNQ, MYM
 
kareem40's Avatar
 
Posts: 619 since May 2010
Thanks: 1,462 given, 762 received

Hi @Alcamo

I curious, how are you trading off this scan?

Thanks
K

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
  #5 (permalink)
san pedro ca. USA
 
 
Posts: 6 since May 2019
Thanks: 2 given, 4 received

Regarding the percentage scan, it is not really a scan, but just an indicator shown below qqq ( what i follow and trade).
It tells me the percentage increase from yesterday's close. In my case I start trading at 6:30 Am. The % increase tells me how aggressive i should be entering QQQ. Should I invest my normal amount (lets say $20000) or maybe 50% of it. Normally, if the difference is an increase of 1.5% or more from yesterdays close i am not going to trade the all $20000. unless some really really favorable news is in. even the, i reduce my stop.

The other scan that i asked for help on the highest five day range is not working yet. I am not a thinkorswim script writer. I have very little knowledge o the script language, so i dont know if i am not able to utilize or maybe there is a glich in the script.
I hope this helps. Thank you for contacting me
Tony

Reply With Quote
The following user says Thank You to Alcamo for this post:
 
  #6 (permalink)
Las Vegas NV USA
 
Trading Experience: Beginner
Platform: TWS, TOS, Multicharts
Broker/Data: IB
Favorite Futures: Stocks, ETFS,Options
 
Lysakat's Avatar
 
Posts: 26 since Jul 2014
Thanks: 11 given, 8 received

Script works

I tried the offered script in TOS, it works. The question I posted is 'what do you need". The programming is relatively simple for me but what your requirements must be accurate for the script to show what you want.

Please review the descriptions I've already posted about the various differences. Then if you want/need I can correct the script to meet your requirements.

Reply With Quote

Reply



futures io > > > > Percentage scan

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
 

Show us your trading desks and win over $5,000 in prizes w/Jigsaw Trading

September
 

Webinar: The Best Entries and Exits in trading & in life w/Agustin Lebron

Elite only
 

Webinar: NinjaTrader 8 Newest Features Release Sneak Peek

Sep 26
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Average Volume Scan / Scan Results TonyB ThinkOrSwim 5 March 23rd, 2013 02:20 PM
Percentage of Capital Allocated to Futures dgresens Psychology and Money Management 2 February 3rd, 2011 12:53 PM
High/Low of yesterday plus/minus percentage j77777 NinjaTrader Programming 3 March 31st, 2010 09:10 PM
Overlap Percentage zeller4 NinjaTrader Programming 0 October 6th, 2009 01:30 PM


All times are GMT -4. The time now is 01:29 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts