Author Topic: Filter & Alert to use to count Intraday Highs and Lows on 1m or 5m timeframe?  (Read 1001 times)

donnycf

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Can anyone help me figure out a custom filter and alert that I can use to count Intraday Highs and Lows on 1m or 5m timeframe? I have an alert that counts new Highs or new Lows but these counts give a lot of weight to high priced stocks. For example, today, on March 20th, 2018 both NVDA and SPWR had good moves all day. NVDA, a $250/sh stock had 651 new highs while SPWR, an $8/sh stock had 82 new highs.  NVDA gained 4% from open, SPWR gain 8.3% from open (and most of that gain was done before 1pm). So I'm looking for something that would give a count of 1 for each new high or new low on a 1 minute or 5 minute timeframe. Not a count of how many new intraday ticks higher or lower. Any suggestions would be greatly appreciated!!!

Barrie Einarson

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Hi .. substitute the new high/low alerts for a new 5 minute high/lows alert:

https://www.trade-ideas.com/ProductHelp.html#IDH5

There is no 1 minute high alert.

The Count filter will only count new 5 minute highs or lows so that should give you what you are looking for.

Cheers

Barrie Einarson
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donnycf

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Barrie, that doesn't quite work. I'm looking for 5 min new highs while at the same there's a new intraday high. So your suggestion would pick up 5 min new highs in the middle of a range (i.e. in a very choppy mkt there could be many new 5 min highs and 5 min new lows but the security could be just chopping around). Plus for many securities I'm seeing alert counts a good deal higher than the number of 5 min candlesticks printed for the day. So something is wrong there as well.  Any new suggestions would be great.

Trade-Ideas_William

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Hi Donny,

You should sign up for our Support Webinars, here:
https://www.trade-ideas.com/trade-ideas-university/training/

we're offering Beg/Int/Advanced classes that are live and interactive. All your questions can be happily answered by our Traders.

Thanks, have a good day.

William