Open-High-Low-Close Scanner is a technique used to filter out scrips that have open=high/prev.dayhigh | open=low/prev.daylow | open=prev.dayclose.
How to Scan for Open-High-Low-Close?
Once you launch Open-High-Low-Close screen by default you will get the list of stocks traded. Typically updates happen anywhere 9.30a.m during the trading session.
Options in this scanner
If open=high, go short with open price as stoploss
If open=prev.dayhigh, go long with 1% stoploss from LTP
If open=low, go long with open price as stoploss
If open=prev.daylow, go short with 1% stoploss from LTP
If the price up by 1% from LTP , go short with 0.5% stoploss from the entry price
If the price down by 1% from LTP , go long with 0.5% stoploss from the entry price.