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Hello All,
Can anyone offer any help on writing an Explorer which meets the
following criteria:
Select stocks which have:
1) the Overall Spread (difference between High & Low) is >= 4x the
difference between the Open & Close
An example of a stock meeting the criteria would be one where:
High=120, Low=55, Open=88, Close=100
H(120)-L(55)=65, C(100)-O(88)=12
65 > 48 (4*12)
2) The above pattern (which is for 1day) has occurred 12 times in
the last 30 periods
Basically, I want to do a search for stocks which regularly reach
extended highs & lows but open & close within a short range AND have
followed this pattern for a number of days within a set period. Does
this make sense??
Any help would be appreciated as I'm getting a bit comfused trying
to code it.
Thanks,
Chorlton
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