Description
52-Week High Low Scan
This is my new and improved 52-week high/low scanner, chart indicator, and custom watchlist quote column for ThinkOrSwim. A lot of investors and traders like to trade strong stocks that are making shallow pullbacks near their 52-week highs, or value stocks reversing at or near their 52-week lows, and this scanner and watchlist column will allow you to find and trade these types of setups.
***UPDATE: new version 2.1 thinkscript package released. As always, prior purchasers get upgraded for free!***
What You Get
- 52 week high scanner
- Customizable % range from high, set to within 1% by default
- Customizable volume and price filters
- 52 week low scanner
- Customizable % range from low, set to within 1% by default
- Customizable volume and price filters
- 52 week highs and lows scanner (both combined in the same results)
- Sortable 52-week range % watchlist column
- Highlights stocks making fresh new 52-week highs or 52-week lows for the day
- Shows percent of relative yearly range
- Customizable % threshold for colors, set to 1% by default
- 52-week high/low chart study indicator
- Customizable length (52 week or 26 week, etc.)
- Customizable “near high or low” percent margins (ability to show/hide as well)
- Customizable colors and styles
- Ability to customize the high/low period from 52 weeks to any other period you want (26 weeks for instance)
Why You Want It
- Find value stocks near their 52-week yearly lows
- Find strong stocks near their 52-week yearly highs
- Avoid the “middle” stocks that aren’t doing anything interesting
How It Works
The 3 Thinkorswim scanners look for stocks within 1% of either their yearly highs or yearly lows (the percentage is customizable). The watchlist column identifies stocks that are within 1% of their highs or lows (normal text = not near highs or lows, green text = near highs, red text = near lows). Then the background of the column’s cell highlights either green or red if the stock is making fresh new 52-week highs or 52-week lows for the day.
The watchlist column can be pulled up in Thinkorswim’s Stockhacker scan results, MarketWatch Quotes, or your sidebar watch lists.
How To Use This ThinkOrSwim Scanner
Questions?
We’re always happy to answer questions, and full email support is provided with every purchase! We’ll make sure you get up and running. If you have questions, email us here or leave a comment below!
