RL
Filter
Position in Lifetime Range Filter (RL)
Find stocks trading near their lifetime high, or near their lifetime low, in real time, with Trade Ideas Streaming Alerts (Scanner) and Top Lists (Screeners). The Position in Lifetime Range filter shows where the current price sits in the stock's lifetime high-low range, as a percent: 0 is the low, 100 is the high, and above 100 means a new high. The lifetime range is fixed at yesterday's close and goes back 10 years or the life of the stock.
See the breakout when it prints, not after.
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Streaming Alerts check the Position in Lifetime Range filter the moment each alert fires, and Top Lists can sort by it.
How Trade Ideas finds it: set the minimum value to 25 to see stocks which are at least 25% above the low of its lifetime range. See Trade Ideas plans and pricing to run it live.
How the Position in Lifetime Range filter works
The "position in lifetime range" filter is used to evaluate where the current price of a stock stands relative to the stocks history. This range is fixed at yesterday’s close. The range goes back 10 years or the lifetime of the stock. This filter helps traders assess the recent price movement of a stock and identify potential trading opportunities based on its position within this range.
Here's how the "position in lifetime range" filter works:
Calculation of Lifetime Range: The filter calculates the price range of the stock over the past 10 years or it's lifetime. This range typically spans from the lowest price (low) to the highest price (high) traded during this period.
Formula
Position Calculation: Next, the filter determines the position of the current price within it's lifetime. This calculation is expressed as a percentage, indicating how far the current price is from the lowest or highest price of it's history.
This uses the same scale as the other position in range filters. 0% means that the stock is currently trading at the lowest price that it has traded in it's lifetime. 100% means that the stock is trading at the highest price of that time frame.
The column for this scan will be displayed as a graphical indicator. To view the percentage, simply right-click on the column and deselect the option labeled "Graphical Indicator."
If you opt to utilize the graphical indicator, here's a brief overview of the various types of graphics and their corresponding meanings:
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Position in Lifetime Range filter settings
Settings
The settings of each Trade Ideas filter are defined in the Window Specific Filters Tab located in the Configuration Window of your Alert or Top List (Screener) window.
Here is how to setup the filter in your configuration window:
- Set the minimum value to 25 to see stocks which are at least 25% above the low of its lifetime range.
Using the Position in Lifetime Range Filter
Several trading strategies can be employed with the Position in Lifetime Range filter. Here are a few examples:
- Breakout Trading: Traders monitor stocks that are trading near the high or low of the lifetime range. A breakout above the range's high could signal a bullish breakout, prompting traders to consider long positions. Conversely, a breakout below the range's low may indicate a bearish breakout, leading traders to consider short positions.
- Trend Confirmation: Traders assess the position of the current price within the lifetime range to confirm existing trends. If the price consistently stays near the high or low of the range during an uptrend or downtrend, respectively, it suggests that the trend is still intact. Traders may consider entering positions in alignment with the trend.
- Reversal Trading: Contrarian traders look for stocks that have moved significantly away from the high or low of the lifetime range, indicating potential overbought or oversold conditions. Reversal signals near the range's extremities, such as bearish or bullish candlestick patterns, may prompt traders to anticipate a reversal back towards the mean.
- Range Trading: Traders identify stocks trading within the lifetime range and aim to capitalize on price oscillations within this range. They may initiate long positions near the range's low and short positions near the high, intending to profit from price reversals back towards the range's midpoint.
Filters to combine with Position in Lifetime Range
Alerts to pair with the Position in Lifetime Range filter
FAQ
Which stocks are trading near their lifetime high right now?
Add the Position in Lifetime Range filter (RL) to a Trade Ideas Streaming Alerts or Top List (Screener) window. Set the minimum value to 25 to see stocks which are at least 25% above the low of its lifetime range.
What is the Position in Lifetime Range filter?
The Position in Lifetime Range filter shows where the current price sits in the stock's lifetime high-low range, as a percent: 0 is the low, 100 is the high, and above 100 means a new high. The lifetime range is fixed at yesterday's close and goes back 10 years or the life of the stock.
How do I find stocks near lifetime lows?
Use the Position in Lifetime Range filter (RL) in Trade Ideas Streaming Alerts and Top Lists to find stocks trading near their lifetime high, or near their lifetime low. The Position in Lifetime Range filter shows where the current price sits in the stock's lifetime high-low range, as a percent: 0 is the low, 100 is the high, and above 100 means a new high.