Opening Range Settings

HotScans Help Index

Scaning for specific O.R. patterns
Using the "Advanced Filters" area of the opening range section of HotScans you can filter your scans based on the opening range pattern. By checking an opening range pattern, HotScans will find stocks with that pattern. In the example below you will see that the only patterns that are checked are the "Bullish Action" patterns, so this scan would only return stocks that currently have one of these patterns (currently trading above the opening range.)

Defining the Price and Volume Action of the O.R.
In addition to scaning for the patterns that represent how the market has traded around the opening range you can also define what you want to look for in the O.R. in terms of time, volitility, and relative volume.

The "Opening Range (High-Low) and Volume" table allows you to specify the price range of the opening range of the stocks you wish to see. You can select stocks whose opening range is greater or less than a specified dollar amount or a percentage of their price or a percentage of their average range. You can also find stocks based on the relative volume of the opening range versus the average of their opening range volume for the last thirty days.

This following example would display only stocks that have an opening range spread of less than 50 cents and whose opening range volume is greater than 4 times that of the opening range volume for the last thirty days.

Looking for Gaps
Use the "Opening Gaps" settings table to find stocks that have or have not gapped up or down since the previous day. This table gives you the option of filtering by dollars or percent price change. You can choose to find stocks whose open is higher or lower than the previous day's close. You can also choose to find stocks whose high is a specified amount below yesterday's low or whose low is a specified amount above yesterday's high.

The example below would show only those stocks that opened more than 50 cents higher than their previous day's close.

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