Open High Low Scanner

We at paisaalgo.com offer an Open High Low (OHL) Scanner Tool that displays stocks for all trades with open-high and open-low patterns. In one click, you can easily use the insights for intraday stocks strategy and perform trading of Nifty futures and options well. 

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Symbol LTP Open Deviation from Pivots Today's Range OHL

Open High Low Scanner for Intraday Stocks

Paisaalgo's provided progressive OHL Scanner Calculator displays the valuable visions into stocks along with open-high and open-low examples. It facilitates one-click sell and buy actions over one's chosen broker perfectly merged with an intraday screener through OHL Strategy. 

What Is Open High Open Low Strategy? 

Open High Open Low Strategy speaks about an intraday trading scheme and how a buy signal originates when any stock or index holds the same value for open as well as low. Also, OHL Scanner helps to list out stock with open high open low prices.

When open=high, means it is a bearish stock that possesses selling pressure from the moment it opens up in the daybreak time. Likewise, if open=low, it is bullish stocks for a day where buyers have been leading from the moment the stock starts trading. This strategy can make your intraday trading easy and simple. 

How Do You Use Open High Open Low Stocks Intraday Strategy? 

For beginners, this OHL Scanner Strategy is the most reliable and simple to apply for trading. It works great in finding the Nifty Futures and Options Stocks. This can help answer how can i choose stocks for intraday when you done often with proper risk management and money management. 

OHL strategy is also used to understand the Buy signal and Sell signal with open-high open-low scripts for intraday trading. This strategy is utilized as one of the best trading techniques for checking and filtering down the stocks that are open=high and open=low.

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Why Paisaalgo's Open High Low Scanner Calculator is Easy?

  • This free open high open low calculator makes everyone grasp the Open High Open Low (OHL) scanner strategy fast and implement it in the coming trading session.
  • Using this tool doesn't require any pre-day technical analysis, like previously.
  • You can easily do the process of picking the stocks after knowing the directed market trend.

How Open High Open Low Scanner Strategy Does Work?

  • In OHL Scanner, if open=low that indicates the Buy signal. If open=high that indicates a Sell signal.
  • Adding the stocks to the watchlist with open=low and open=high when the market opens from the scanner is important before the entry into trading.
  • In case, the nifty 50 index is beyond 0.25%, then drive on the buy-side and if it is below 0.25%, drive on the sell-side.
  • After opening the stock market, if Low/High is not breached then you have to choose Buy/Sell stock based on the strategy. Here, set the risk-reward ratio as 1:2.
  • It opts to retain the stop-loss at the open/close of the earlier candle, however, the stop-loss in no case shall be more than 1% of the stock price. In case, it is beyond 1%, it is not recommended to take the trade.

Conclusion

We hope this Open High Low Scanner Calculator helped you to some extent. If you want to learn more about trading techniques for better trading decisions then visit our website Paisaalgo.com and directly click on the available Intraday, Options, Eod Scans, and other trading tools for free of charge.