Stock Screening and Ranking - Example #9

OBJECTIVE: Find stocks which have made higher weekly highs for the 2 most recent weeks AND have made lower daily lows for the past 3 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. Expand the “Modifiers” branch to show all of its members.
   
3. Click and drag the “Time Frame” filter item over to the “Selected Item” list. You will see the following popup window.
   
   Set the time frame to “weekly”.
   
4. Double-click on the “Boolean Operators” heading to see the filter items in this category.
   
5. Click and drag the “Time Range” filter item, dropping it on the “Time Frame: weekly” filter item. You will see the following popup window.
   
   Set “number of periods in range” to 2, set “pass or fail” to “pass”, and set “minimum number of passing or failing periods” to 2.
   
6. Double-click on the “Comparison Operators” heading to see the filter items in this category.
   
7. Click and drag the “Above/Below” filter item, dropping it on the “Time Range” filter item. You will see the following popup window.
   
   Set the value of this parameter to “greater than”.
   
8. Click and drag the “high” data item, dropping it on the “Above/Below” filter item.  Accept the default settings.
   
9. Scroll down to the “Modifiers” group again (in the “Available Item” list). Then click and drag the “Time Shift” filter item, dropping it on the “Above/Below” filter item. You will see the following popup window.
   
   Set “periods to shift back in time” to “1”.
   
10. Click and drag another “high” data item, dropping it on the “Time Shift” filter item. Click the OK button to accept the default settings in the popup window.
    
11. Click and drag a “Time Frame” filter item (in the “Modifiers” group), dropping it on the “drop items beneath here” label at the very top of the “Selected Item” list. The following popup window will appear.
    
    Choose “daily” for the time frame.
    
12. Click and drag another “Time Range” filter item (in the “Boolean Operators” group), dropping it on the “Time Frame: daily” filter item. The following popup window will appear.
    
    Set “number of periods in range” to 3. Set “pass or fail” to “pass”. Set “minimum number of passing or failing periods” to 3. Then click the OK button.
    
13. Click and drag a new “Above/Below” filter item, dropping it on the new “Time Range” filter item. The following popup window will appear.
    
    Choose “less than” and click the OK button.
    
14. Click and drag a “low” data item (in the “Data” group), dropping it on the new “Above/Below” filter item. Accept the defaults in the popup window by clicking on the OK button.
    
15. Click and drag a “Time Shift” filter item (in the “Modifiers” group), dropping it on the new “Above/Below” filter item. The following popup window will appear.
    
    Set “periods to shift back in time” to 1 and click the OK button.
    
16. Click and drag another “low” filter item (in the “Data” group), dropping it on the new “Time Shift” filter item. Accept the default settings for this filter item.
    
17. Your scan definition should look like the following. Click on the following thumbnail to see an enlarged example.
    
    
    
18. Click the Run button to perform your scan and view the results. Remember that you can double-click on any row in the result table to view a chart for that symbol.

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