OPEN-SOURCE SCRIPT
Near New High Screener
A simple indicator intended to be used in a pinescript scanner to find stocks that are re reaching highs after a pullback or base formation. To use add it as a favourite indicator so it can be selected in a pinescript scanner.
In the settings you can select whether to use the highest high or highest close for the previous high (defaults to close) and whether to use the all time high or the high from the last X days (defaults to 252 days).
Once opened in a pine scanner apply to a watchlist and scan. Stocks with a positive % have broken out from a previous high today, those with a negative % are that % away from the previous high.
You can sort by the “Pct from Prev High%” column or use the scanner filter to filter for stocks between two values, for example between 0 and -5% to find stocks near a new high, or >0 to find stocks that have broken out today.
In the settings you can select whether to use the highest high or highest close for the previous high (defaults to close) and whether to use the all time high or the high from the last X days (defaults to 252 days).
Once opened in a pine scanner apply to a watchlist and scan. Stocks with a positive % have broken out from a previous high today, those with a negative % are that % away from the previous high.
You can sort by the “Pct from Prev High%” column or use the scanner filter to filter for stocks between two values, for example between 0 and -5% to find stocks near a new high, or >0 to find stocks that have broken out today.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.