Yearly Reclimb Indicator for ThinkOrSwim
This yearly reclimb indicator provides a sortable watchlist column that you can use to find stocks trading at or near their yearly or 52-week highs and lows.
This is a custom quote column or watchlist column for ThinkOrSwim that shows the percentage that a stock in your list has reclimbed from the 52 week low toward the 52 week high. So if the yearly high is $100 and the yearly low is $0, and if the stock is currently trading at $60, then the reclimb indicator would show 0.6 for 60% of the year’s range.
This ThinkOrSwim indicator helps you sort your watchlist by yearly low-to-high reclimb, and find either stocks that are about to break out over their 52-week highs, or bottom-pick value stocks that are trading at or near their 52-week lows.