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3 Day High

Name
3 Day High

Submitted by
Mike Derr, Madison, WI

Periodicity
Daily

Elements
STAT: Statistics
CL: Close

Explanation
The scan should be run during an open session to find instruments for which the last price is at least 1/8 higher than the highest high of the previous 3 days. This scan is used effectively on the resulting candidate quotepage of the UP 1-2-3-4 scan. The "1" at the end of the "STAT" element, dictates beginning one period prior to the current period (or last period if the session is closed for daily data). So in this case, STAT1, if run on daily data during an open session with the parameters below, will result in the highest high of the 3 sessions prior to the current session. And the Signal will be true only if the last price is at least 1/8 above that 3 period high.

Signal
CL >= (STAT1 + 1/8)

Parameters
STAT
Calculate: Maximum High
Periods: 3

Import
To import the scan into Investor/RT, simply copy the italicized text below into a text file, save the text file, and then from the Investor/RT menu, choose FILE:OPEN:FILE and then select your saved text file. Ensure that your parameters and periodicities match those above.

BEGIN INVESTOR/RT SCAN DEFINITION
COMMENT=3 Day High from linnsoft.com
SOURCE=Chad Payne
DATE=06/28/99
VERSION=3.7
DATAFEED=myTrack
NAME=3_Day_High
QP=.All Symbols
PERIODICITY=0
ELEM=STAT:Statistics:[]Max H3
ELEM=CL:Close
SCAN=CL >= (STAT1 + 1/8)
ALERT=NO
SOUND=NO
FREQUENCY=0
-
- Comments
-
END INVESTOR/RT SCAN DEFINITION