stockfetcher
980 posts
msg #85 |
10/29/2002 9:41:43 AM
| Day Position |
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| Parameters |
Position {0...1}
Period |
| Usage |
Day Position(pos)
Day Position(pos,period)
Day Pos(pos,period) |
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| Description |
The Day Position is a basic measure that computes a value which is a percentage of the day range. In otherwords, if the position parameter is 0.5, the Day Position will be Low + ((High - Low) * 0.5). Any value from 0 to 1 may be used to locate a position within the daily range.
In addition to computing this value over a single day, a period may be specified. The measure will then find the highest high and lowest low over the given number of days and then perform the same computation as above. Note: By default the day position period is 5 days. |
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| Examples |
1. Find stocks where the close was in the top half of the trading range for the day:
2. Find stocks where the open was in the lower quarter of the trading range for the last 1 week
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