Transcript
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This lesson will describe several related filters. The position in range filters compare the last price to today’s trading range. The position in previous day’s range filters compare the current price to the previous trading day. The year and lifetime range filters compare the current price to longer time frames. Let’s take a closer look at the position in range filters. These filters only look at today’s data. They compare the current price to the high and the low for the day. Let’s say that the price drops all the way to the lowest price of the day. We call that 0%. As the price moves up, we say that the stock is trading at a higher position in today’s range. When we get to the highest price of the day, we call that 100%. Use these filters to find stocks which look a certain way. If I set the max position in range to 5% I will only see stocks which are trading close to lows, like the one on the far left. If I set it to something higher, more stocks will meet my criteria. If I only want stocks trading near highs, then I set the min position in range filter to a number close to 100. Of course, I can use both filters together to only see stocks in a specific range. And, like all of our filters, I can set the min to a lower value than the max. That will exclude the stocks in the middle and select the extremes. During the day the range will almost always be between 0 and 100%. If the stock price keeps moving up, it will drag the high of the day with it. After market hours, the high and low stop changing. But we still track the last price. In this case, this filter can report values above 100% or below 0%. Now let’s look at the position in previous day’s range filters. These are similar to the ones we just discussed, but they compare the current price today to the high and low from yesterday. Obviously, the value will be above 100% if the current price is above yesterdays high. And it will be below 0% if the price is below yesterday’s low. And 45% if it’s right around the middle. The position in year range filters are similar. But we look at a years worth of data. We do not count today's data when we compute the range. So, if a stock is making new 52 week highs, it will have a value above 100%. New 52 week lows will have a value less than 0. The position in lifetime range filters are similar but we look at more historical data. Like the position in year range filters, the lifetime range does not include today's prices. So this value can be above 100 or below 0.