open price equals to or within 1% of the low price of the day AND must be trading higher than the previous ssession's high.
I dont know what you look for as a result of the set-up but here is the behavior as modeled in Trade-Ideas. The set-up prints a heartbeat alert anytime a stock matches the criteria where: the stock must have been higher than previous day's high (that's the min position in yesterday's range filter (99)); the stock's open price must be within 1% of the low of the day (that's the max position in today's range filter (2)) http://www.trade-ideas.com/View.php...RD=1&MaxRD=2&MinRPD=99&WN=Open++and+1%+of+low you may be looking for this to an end of day scan rather than a real-time accounting of what's happening.
Pretty basic functionality within MetaStock, the formula would be written in their Explorer tool as follows: O <= L *1.01 Hope this helps
Trade-Ideas easily does that. Here is the set up you can click on configure to see how it was done. Good luck. http://www.trade-ideas.com/View.php...ses+Above+and+Below+Open+within+1%+of+the+Low
Thanks DT for the input. I am quoting this earlier description in case you missed it. I tweaked your setting (which is great b/c it achieves what's asked for with the least amount of alerts/filters). The only change I made was to consider the requirement (above) that the stock must be higher than yesterday's high. This is achieved by filtering for stocks above the 99th percentile of yesterday's range AND filtering for stocks with at least a $0.01 move up from yesterday's close. Take a look: http://www.trade-ideas.com/View.php...e+and+Below+Open+within+1%+of+the+Low+REVISED