Stock Screening and Ranking - Example #8

OBJECTIVE: Find stocks which have made higher daily highs for 5 out of the 7 most recent days.

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. Double-click on the “Boolean Operators” label to show all of its members.
   
3. Click and drag the “Time Range” filter item over to the “Selected Item” list.You will see the following popup window.
   
   Set “number of periods in range” to 7.  Set “pass or fail” to “pass”.  Set “minimum number of passing or failing periods” to 5. Then click the OK button.
   
4. Double-click on the “Comparison Operators” label in the “Available Item” list.
   
5. Click and drag the “Above/Below” filter item, dropping it on the “Time Range” filter item in the “Selected Item” list. You will see the following popup window.
   
   Choose “greater than” and click the OK button.
   
6. Click and drag the “high” filter item (in the “Data” group), dropping it on the “Above/Below” filter item. Just accept the default settings in the popup window for this filter item.
   
7. Click and drag the “Time Shift” filter item (in the “Modifiers” group), dropping it on
   the “Above/Below” filter item in the “Selected Item” list. You will see the following
   popup window.
   
   Set “periods to shift back in time” to “1” and click the OK button.
   
8. Click and drag another “high” data item, dropping it on the “Time Shift” filter item.
   
9. Your scan definition should look like the following. Click on the following thumbnail to see an enlarged example.
   
   
   
10. Click the Run button to perform your scan.

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