IDH5
▲ Bullish
Streaming Alert (Scanner)
5 Minute High Alert (IDH5)
Find stocks breaking the prior 5-minute candle's high in real time with Trade Ideas Streaming Alerts (Scanner). A 5 minute high is the first time the current 5 minute candle trades above the high of the previous candle. It is straight candlestick analysis of price and time.
See the breakout when it prints, not after.
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Streaming Alerts push each 5 Minute High alert the moment it triggers.
How Trade Ideas finds it: by default, the 5 minute high alert appears when the price of a stock makes a new intraday high on a 5 minute candlestick chart. See Trade Ideas plans and pricing to run it live.
How the 5 Minute High alert works
Key point
This alert reports when a stock makes a new intraday high. This alert is defined in terms of a standard candlestick chart. Look at the current candle that is building for a stock, and compare that to the previous candle. The first time that the current candle goes above the high of the previous candle, we report a new high. The first time that the current candle goes below the low of the previous candle, we report a new low. We ignore candles with no volume; we always go back to the last candle representing at least one trade.
This alert is based strictly on traditional candlestick analysis. This alert only looks at price and time, and it does not filter out bad prints. Most of our alerts take volume, spread, and volatility into account. This trade-off makes this alert slightly easier to understand than most of our alerts, but much noisier.
Trader tip
This alert can serve the purpose of a trailing stop. It constantly tells you when the stock price pulls back in one direction or the other. The best way to use this alert is to apply it to your current portfolio so you know if one of your positions is moving away from you.
Default settings
By default, the 5 minute high alert appears when the price of a stock makes a new intraday high on a 5 minute candlestick chart.
What the alert shows you
The description column of this scan will display "New 5 Minute High," providing you with a clear indication of the specific alert that has been triggered.
Related alerts
Filters to pair with the 5 Minute High alert
Categories
FAQ
Alert me when a stock breaks the previous 5 minute candle high?
Turn on the 5 Minute High alert (IDH5) in Trade Ideas Streaming Alerts. By default, the 5 minute high alert appears when the price of a stock makes a new intraday high on a 5 minute candlestick chart.
What is the 5 Minute High alert?
A 5 minute high is the first time the current 5 minute candle trades above the high of the previous candle. It is straight candlestick analysis of price and time.