Hi Everyone,

I recently came across a code which plots strong low points of a stock, in different time frames. I'm trying to make a scanner but not having any luck. Can anyone please help? Ideally, I'd like to find stocks that are 1-2% away from the low on the "Monthly" aggregation period. Please see code below:

#DailyCOHL_Lines

input aggregationPeriod = AggregationPeriod.MONTH;
input showOnlyLastPeriod = yes;

plot DailyLow = low(period = aggregationPeriod);

DailyLow.SetDefaultColor(Color.RED);
DailyLow.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

plot ystdLow = low(period = aggregationPeriod)[1];

ystdLow.SetDefaultColor(Color.RED);
ystdLow.SetPaintingStrategy(PaintingStrategy.HORIZONTAL);

Thank you so much!

sgtrades19 

Hi Everyone, I recently came across a code which plots strong low points of a stock, in different time frames. I'm trying to make a scanner but not having any luck. Can anyone please help? Ideally, I'd like to find stocks that are 1-2% away from the low on the "Monthly" aggregation period. Please see code below: #DailyCOHL_Lines input aggregationPeriod = AggregationPeriod.MONTH; input showOnlyLastPeriod = yes; plot DailyLow = low(period = aggregationPeriod); DailyLow.SetDefaultColor(Color.RED); DailyLow.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); plot ystdLow = low(period = aggregationPeriod)[1]; ystdLow.SetDefaultColor(Color.RED); ystdLow.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); Thank you so much!

You actually need to modify this study and instead of plotting the monthly lows, plot whether the % between current price & last month's low is within your threshhold...then you can scan as you're basically looking for true/false conditions.

Here's the code you can use for a custom scan. Be sure to set the Timeframe for your study scan to Monthly and enter this for your custom code...

plot MonthlyLowPct = absValue(1-(close/ low[1]) < .02);

sgtrades19 

Hi Everyone, I recently came across a code which plots strong low points of a stock, in different time frames. I'm trying to make a scanner but not having any luck. Can anyone please help? Ideally, I'd like to find stocks that are 1-2% away from the low on the "Monthly" aggregation period. Please see code below: #DailyCOHL_Lines input aggregationPeriod = AggregationPeriod.MONTH; input showOnlyLastPeriod = yes; plot DailyLow = low(period = aggregationPeriod); DailyLow.SetDefaultColor(Color.RED); DailyLow.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); plot ystdLow = low(period = aggregationPeriod)[1]; ystdLow.SetDefaultColor(Color.RED); ystdLow.SetPaintingStrategy(PaintingStrategy.HORIZONTAL); Thank you so much!

Unfortunately you can't scan for multiple aggregation periods within the same scan study code.
We can likely use some sort of indicator separately on the scan screen to get you what you need.
Add me via         if you'd like to work on this.