Table of Contents
Understanding the New High Alert
New Highs refer to the highest prices that a stock has reached in a particular period. When a stock reaches a new high, it means that a stock has reached the highest level it has ever been during that period.
This alert is related to the Position in Range filter. Use this filter to make other alert types sensitive to new highs.
By default, this alert will appear any time there is a print for a higher price than the rest of the day. Highs are reset once a day at a time determined by the exchange.
For 'New High' alerts, you have the option to use an alert specific filter. This filter is located immediately to the right of the corresponding alert and is always optional. You can decide to leave it blank if you want to receive more 'New High' alerts, or you can fill it in to restrict the number of alerts you receive.
This filter allows you to specify the quality of the alert. When you set a higher number for this filter, you are telling the alerts server to display only alerts that meet a higher quality standard, resulting in fewer alerts being shown.
When setting an alert for 'New Highs,' you can specify a minimum number of days. Here's what different values mean:
- 0: Any new high triggers an alert.
- 1: A high must be higher than yesterday's high to trigger an alert.
- 7: Only new highs for the week will be shown.
- 365: Only 52-week highs will be shown.
You can use any number between 0 and 366. The default value is 0.
The description column of your scan will provide more details about the new high. When the alert server detects a new high, it looks for the most recent day before today when the price was higher than it is now. It reports the day when this happened, and the high for the day as the resistance in the description column. Note: This is a very simple version of resistance based only on daily highs. Several other alerts implement more advanced algorithms for finding support and resistance.
Add the quality column to a scan using the New High Alert to see the exact lookback period of the alert.
Alert Info for New High [NHP]
- description = New high
- direction = +
- keywords = Highs and Lows Single Print
- flip_code = New low [NLP]
- parent_code =