OPEN-SOURCE SCRIPT
HOD%
HOD% shows how far the current price is from the current intraday High of Day.
The value is calculated as:
HOD% = ((High of Day - Current Price) / Current Price) * 100
How to read it:
0.00 = price is exactly at High of Day
1.00 = price is about 1% below High of Day
3.00 = price is about 3% below High of Day
This indicator is useful for momentum traders who want to find stocks trading close to their High of Day. Lower values usually mean stronger intraday momentum.
Suggested usage:
HOD% <= 1 = very strong, near High of Day
HOD% <= 3 = still close to High of Day
HOD% > 5 = farther from High of Day
The script can be used in TradingView Pine Screener as a custom column for scanning watchlists.
The value is calculated as:
HOD% = ((High of Day - Current Price) / Current Price) * 100
How to read it:
0.00 = price is exactly at High of Day
1.00 = price is about 1% below High of Day
3.00 = price is about 3% below High of Day
This indicator is useful for momentum traders who want to find stocks trading close to their High of Day. Lower values usually mean stronger intraday momentum.
Suggested usage:
HOD% <= 1 = very strong, near High of Day
HOD% <= 3 = still close to High of Day
HOD% > 5 = farther from High of Day
The script can be used in TradingView Pine Screener as a custom column for scanning watchlists.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.