RD
Filter
Position in Range Filter (RD)
Find stocks trading at the high, or the low, of the day, in real time, with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Position in Range filter compares the last print to today's high and low, as a percent: 100 means the last print was at the high of the day, 0 means at the low, and 50 means the middle.
See the breakout when it prints, not after.
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Streaming Alerts check the Position in Range (Today) filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: set the minimum filter to 100 and leave the max filter blank to see stocks trading on highs. See Trade Ideas plans and pricing to run it live.
How the Position in Range filter works
This filter compares the price of the last print to the high and the low for the day. This is expressed as a percentage. 100 means the last print was at the high for the day, 0 means the last print was the low. 50 means that the last print was half way between the high and the low.
Normally the daily high and low only update during normal market hours. This is determined by the exchanges. Before the market is open, this filter is not available. If you want to see any alerts before the market opens, do not fill in a value for either of these filters.
Key point
This filter is available after market hours, even though the high and the low do not update. It is possible for the value to be above 100% or below 0% if the price continues to go up or down after the close. It is also possible to see these values during market hours, although that is far less common.
Position in Range filter settings
The settings of each Trade Ideas filter are defined in the Window Specific Filters Tab located in the Configuration Window of your Alert or Top List (Screener) window.
Here is how to setup the filter in your configuration window:
- Set the minimum filter to 100 and leave the max filter blank to see stocks trading on highs.
Using the Position in Range Filter
Several trading strategies can be employed with the Position in Range filter. Here are a few examples:
- Range Trading: Traders may identify stocks that are trading within a defined price range and look to capitalize on price oscillations within that range. They may enter long positions near the lower end of the range and short positions near the upper end, aiming to profit from price reversals back toward the mean.
- Trend Confirmation: Traders may use the position in range filter to confirm the strength of an existing trend. If the price remains consistently near the upper end of the range during an uptrend or near the lower end during a downtrend, it may indicate the trend's continuation. Traders may enter positions in the direction of the trend based on this confirmation.
- Reversal Trading: Contrarian traders may look for stocks that are trading near the extremes of their defined price range. If the price reaches an extreme level and shows signs of reversal, such as bullish or bearish candlestick patterns or divergence in oscillators, traders may enter positions anticipating a reversal back toward the mean.
Filters to combine with Position in Range
Alerts to pair with the Position in Range filter
Categories
FAQ
Which stocks are trading at their high of the day right now?
Add the Position in Range filter (RD) to a Trade Ideas Streaming Alerts or Top List (Screener) window. Set the minimum filter to 100 and leave the max filter blank to see stocks trading on highs.
What is the Position in Range (Today) filter?
The Position in Range filter compares the last print to today's high and low, as a percent: 100 means the last print was at the high of the day, 0 means at the low, and 50 means the middle.
How do I find stocks at the low of the day?
Use the Position in Range filter (RD) in Trade Ideas Streaming Alerts and Top Lists to find stocks trading at the high, or the low, of the day. The Position in Range filter compares the last print to today's high and low, as a percent: 100 means the last print was at the high of the day, 0 means at the low, and 50 means the middle.