Improving Navigation with the Hi/Lo Scroller: Understanding the Columns
The Hi/Lo Scroller offers users valuable insights into the high and low values of various financial instruments, facilitating informed decision-making. Understanding the columns within the Hi/Lo Scroller is essential for maximizing its utility and leveraging its capabilities effectively. In this guide, we will explore the different columns present in the Hi/Lo Scroller and how they contribute to a comprehensive trading experience.
1. Symbol - This is the ticker symbol for the stock.
2. Alert Type - This column indicates whether a particular stock has reached a new high or low.
3. Trigger Value - This is the price at which the stock reached a high or low for the day.
4. High/Low Count - This shows how many consecutive times the stock has reached a new high or low for the day. If it reaches 4 consecutive high prices in a row and then the stock price falls between the Low and High values for the day, this count will reset to 1.
5. High Total Count - The total number of times the stock has reached a new high for the day.
6. Low Total Count - The total number of times the stock has reached a new low for the day.
Abbreviation and Examples
HLC: High/Low Count
HTC: High Total Count
LTC: Low Total Count
HLCR: High/Low Count Repeat
HTCR: High Total Count Repeat
LTCR: Low Total Count Repeat
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If the trade price is higher than the current high price:
- HLC +1
- HLCR +1
- HTC +1
- HTCR +1
If the trade price is the same as the current high price:
- HLCR +1
- HTCR +1
If the trade price is lower than the current low price:
- HLC -1
- HLCR -1
- LTC +1
- LTCR +1
If the trade price is the same as the current low price and if the HLC is a positive number:
- HLCR -1
- LTCR +1
Otherwise, if the trade price is between the current high and low prices:
- HLC :0
- HLCR :0