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scan for support
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scan for support

  #1 (permalink)
Saudi Arabia
Posts: 24 since Apr 2014
Thanks: 17 given, 1 received

scan for support

i am trying to scan for support ,i want the scanner to scan for stocks which the prices away from S1 S2 S3 for instance 1$.Iam using the indicators floor traders pivots as the only one i can see .

the setup i am using (i am noob scan )
floor trader pivots S1 <= last

is this correct? i am using last i think its mean last price which the support would be away from it .
is there a way to write the how much the price should be away from support?


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  #2 (permalink)
Hamburg Germany
Trading Experience: Advanced
Platform: Multicharts, Tradestation
Broker/Data: DTN IQ
Favorite Futures: ES
Posts: 2,082 since Apr 2013
Thanks: 372 given, 1,332 received


when you scan for the plot value of S1 <= last, this would return the stocks above S1.
To be able to scan for a price limit away from support will likely require a code modification where you add another plot that plots the Close of the bar + X points (or -X points). Then you can check for S1 <= this plot for example.



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