Stocks Near a Recent Chart Low Alerts
Monitor stocks approaching recent lows during the regular session. ChartsWatcher’s Near Last Low alert uses current ATR(20) distance on the chosen timeframe.
Understand the trigger
What is Near last low?
Near Last Low monitors the distance between price and the latest low formed on the selected candlestick chart. It triggers when that distance is less than the current 20-period ATR. The reference can be a local low rather than the lowest price of the whole day. ChartsWatcher lists one-, two-, five-, and fifteen-minute options, with calculations limited to the regular market session.
An illustrative example
Near last low in practice
For a hypothetical stock, the latest fifteen-minute chart low might be $9.60 while the day’s low is $9.10. An approach within the alert’s ATR(20) distance of $9.60 illustrates this event. The approach does not require a new daily low or even a break under that recent local low.
Make it part of your workflow
Catch the event. Keep the context.
Use ChartsWatcher to review stocks nearing local low references during market hours. A matching chart shows how often the level has been visited and where it sits within the broader range. Adding the corresponding breakdown alert lets your workspace distinguish stocks approaching that reference from those that actually move below it.
ChartsWatcher brings your chosen alert types and filters into the same alert window. Add the data columns you want to see, then use the connected chart and news tools to explore a matching symbol.
Explore the alert windowBefore you build
A little more detail.
How do I add Near last low in ChartsWatcher?
Open or create an alert window and choose Near last low in its configuration. Select the available options that match your setup, then add filters to define which stocks can trigger it. Review matching alerts alongside a chart and the stock’s news.
What should I check before using this alert?
This alert covers the regular market only. Nearness is measured using ATR(20), so the distance can vary; it does not establish that the recent low will hold or break.
From an idea to your own scan.
Use Near last low with the other conditions that define your setup. Keep matching stocks, charts, and news together, with a configuration you can refine as you go.