What is the Price – Weeks Low Scanner?
The Price – Weeks Low scanner will find symbols that are trading at either their 1-week, 4-week or 52-week low, as set in the scanner filters settings. The 52-week low is defined as the lowest price at which a security has traded during the time period that equates to one year. The 01/04/52-week low is based on the daily closing price for the security. If the current price is lower than the 01/04/52-week low, then a signal will be generated and is visible in the results screen for the Price – Weeks Low scan.
- Scanner Category: Price
- Scanner Type: Customizable, which means the threshold values of the filters can be changed.
- The scanner working time is from 04:00:00 to 20:00:00.
Trigger Conditions
The Price – Weeks Low Scan will be triggered if all the following conditions are true:
- The current price is higher than the 01/04/52-week low.
- All of the common filters are true.
Create a new Subscription for the Price – Weeks Low Scanner
In the Create Trade Signal window, choose ‘Price – Weeks Low’ and click the OK button. A new subscription will be created.
After adding the Price – Weeks Low scanner, it will appear in the main Trade Signal List window. Double click on the name of the scan in the Trade Signal List window and the Trade Signal Results screen will be visible. By default, the Price – Weeks Low scan is already pre-configured and results should be visible in this window after opening it.
Update the Filters of the Price – Weeks Low Scanner
There are several Optional Filters that can be adjusted for each Trade Signal scan. Please review these Optional Filters here: https://dastrader.com/docs/optional-filters/. The settings mentioned below fall under the Mandatory Filters section in the TradeSignal Config window.
Week Low Period
This setting defines the number of weeks to reference.
Values: 01-week-low, 04-week-low, 52-week-low. Default: 52-week-low.
Example of the Price – Weeks Low Scanner
Open TradeSignal from the Tools > TradeSignal menu. When the TradeSignal List window opens, click the New button. In the window that opens, select Price – Weeks Low under the Price scanner options. Click the Advanced Settings button and set the following options:
- Mandatory Filters:
- Exchange: N;A;Q;U;u (this is already configured by default)
- Price-Price Range (Dollars): Min: 5, Max: 100
- Vol-Today Volume (whole-day): Min 2000, Max: 9999999999
- Weeks High Period: 52-week-low
- Optional Filters:
- Vol-Avg Daily Volume(30day): Min: 200000, Max: 9999999999
Click OK and the TradeSignal scan will be saved. Double click on the name of the scan in the TradeSignal List window to view the results.
Right click on any result and you will be able to open a montage, chart or time and sale window.
