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Range of Lows or highs?

Hi Great site. Hopefully we can pull knowledge from the internet together.
Was wondering if this can be done.
How to scan for stocks that make a new low from a range? For example, looking for stocks that make a 3 day or 5 or 10 day low? Not necessarily 3 down days in a row, but scan for stocks that reached a new 3 day low. I tried the Lowest Low function, but I think it only looks for 3 lower lows as a trend, not necessarily if a stock triggers a low of the last 3 days.

After that happens, how can I put an instruction that once the 3 day low is identified, buy the next bar that is higher than the previous high. I tried sequence, or possibly flag, but either I didn't do it right or it doens't work correctly.

So to simplify, scan for a stock making a 3 day low, once that happens, buy the next bar that closes above the previous bar's high.

Thanks in advance.

January 21, 2012 | Whirl

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