RPM
Filter
Position in Pre-Market Range Filter (RPM)
Find stocks trading above their premarket high, or below their premarket low, in real time, with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Position in Pre-Market Range filter shows where the current price sits in the premarket high-low range, as a percent: 0 is the premarket low and 100 is the premarket high.
See the breakout when it prints, not after.
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Streaming Alerts check the Position in Pre-Market Range filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: set the minimum filter to 100 and leave the max filter blank to see stocks trading above their premarket highs. See Trade Ideas plans and pricing to run it live.
How the Position in Pre-Market Range filter works
The "position in premarket range" filter is used to assess where the current price of a stock stands relative to its price range during the premarket trading session. Premarket trading occurs before the official opening of the regular trading session and provides insights into how market participants are reacting to news and events before the market officially opens.
This filter compares the price of the last print to the premarket high and the premarket low for the current trading day. This is expressed as a percentage. 100 means the last print was at the premarket high for the day, 0 means the last print was the premarket low. 50 means that the last print was half way between the premarket high and the premarket low.
Key point
This filter is available before the market is open, while the market is open and during the post market session.
It is possible for the value to be above 100% or below 0% if the price continues to go up or down after the premarket session. The best way to see stocks trading above their premarket highs is to set the minimum filter to 100 and leave the maximum filter blank.
Position in Pre-Market Range filter settings
Settings
The settings of each Trade Ideas filter are defined in the Window Specific Filters Tab located in the Configuration Window of your Alert or Top List (Screener) window.
Here is how to setup the filter in your configuration window:
- Set the minimum filter to 100 and leave the max filter blank to see stocks trading above their premarket highs.
Using the Position in Premarket Range Filter
Several trading strategies can be employed with the Position in Premarket Range filter. Here are a few examples:
- Reversal Trading: Contrarian traders may look for stocks that have moved significantly away from the premarket range, indicating overbought or oversold conditions. If the price shows signs of reversal near the high or low of the premarket range, such as bearish or bullish candlestick patterns, traders may enter positions anticipating a reversal back toward the mean.
- Range Trading: Traders may identify stocks that are trading within the premarket range and look to capitalize on price oscillations within that range. They may enter long positions near the low of the premarket range and short positions near the high, aiming to profit from price reversals back toward the mean.
- Volatility Breakout: Traders may use the position in premarket range filter to identify periods of low volatility where the price remains within the premarket range. When the price breaks out of this range, indicating a surge in volatility, traders may enter positions in the direction of the breakout, aiming to profit from the ensuing price movement.
Filters to combine with Position in Pre-Market Range
Alerts to pair with the Position in Pre-Market Range filter
Categories
FAQ
Which stocks are breaking their premarket high right now?
Add the Position in Pre-Market Range filter (RPM) to a Trade Ideas Streaming Alerts or Top List (Screener) window. Set the minimum filter to 100 and leave the max filter blank to see stocks trading above their premarket highs.
What is the Position in Pre-Market Range filter?
The Position in Pre-Market Range filter shows where the current price sits in the premarket high-low range, as a percent: 0 is the premarket low and 100 is the premarket high.
How do I scan for premarket range breakouts?
Use the Position in Pre-Market Range filter (RPM) in Trade Ideas Streaming Alerts and Top Lists to find stocks trading above their premarket high, or below their premarket low. The Position in Pre-Market Range filter shows where the current price sits in the premarket high-low range, as a percent: 0 is the premarket low and 100 is the premarket high.