Stock Screening and Ranking - Example #12

OBJECTIVE: Find stocks which closed in the upper 10% of their daily range for the day.

1. Click the “Scan / Rank” button along the left edge of Lighthouse Trader. This will open up a new scanning window.
   
2. You will see the “Available Item” list in the lower left corner of the window. Expand the “Arithmetic Operators” branch to show all of its members.
   
3. Click and drag the “%” filter item over to the “Selected Item” list. You will see the following popup window.
   
   Click on the “must be” radio button, choose “less than or equal to”, and enter “10” in the text box. Then click the OK button. We are going to require that the close for the day be less than 10% below the high for the day.
   
4. Double-click on the “Arithmetic Operators” heading to view the filter items in
   this category.
   
5. Click and drag a “subtract” filter item, dropping it on the “%” filter item. When the popup window appears, just click OK to accept the default settings.
   
6. Click and drag a “high” filter item (in the “Data” category of filter items), dropping it on the “subtract” filter item. When the popup window appears, just click OK to accept the default settings.
   
7. Click and drag a “close” filter item (in the “Data” category), dropping it on the “subtract” filter item. When the popup window appears, just click OK to accept the default settings.
   
8. Click and drag a second “subtract” filter item, dropping it on the “%” filter item. When the popup window appears, just click OK to accept the default settings.
   
9. Click and drag a “high” filter item (in the “Data” category of filter items), dropping it on the new (lower) “subtract” filter item. When the popup window appears, just click OK to accept the default settings.
   
10. Click and drag a “low” filter item (in the “Data” category of filter items), dropping it on the new (lower) “subtract” filter item. When the popup window appears, just click OK to accept the default settings. Now this “subtract” filter item will calculate the total price range for the day (high – low).
    
11. We want to limit the results to stocks whose average daily volume is above 200,000 shares. To do this, double-click on the “Indicators” heading (in the “Available Item” list.
    
12. Click and drag the “moving average, simple” filter item, dropping it on the “Time Frame: daily” filter item in the “Selected Item” list. You will see the following popup window.
    
    Click on the “must be” radio button. Choose “greater than”, and enter “200,000” in the text box. Then click the OK button.
    
13. Click and drag a “volume” filter item (in the “Data” category), dropping it on the “moving average, simple” filter item. When the popup window appears, just click the OK button to accept the default settings.
    
14. Your scan definition should look like the following. Click on the following thumbnail to see an enlarged example.
    
    
    
15. Click the “Run” button to view the stocks which meet your criteria.
    

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