The open high low intraday scanner is now available on the FataFat Intraday Stock Screener. It lets traders find Open = High and Open = Low stocks quickly, without scanning charts one by one. Premium users can scan from 9:16 AM, right after the market opens.
What Is the Open High Low Strategy?
The Open High Low (OHL) strategy is a popular approach among intraday traders. It is built on what a stock does in its very first moments of trading:
- Open = High: The stock opens at its highest price of the day. Prices then fall, which suggests sellers are in control. Traders using this strategy look for short trades.
- Open = Low: The stock opens at its lowest price of the day. Prices then rise, which suggests buyers are in control. Traders look for long trades.
The idea is that a stock showing this pattern right from the open is displaying strong one-sided momentum early in the session.
Why Use an Open High Low Intraday Scanner?
Checking hundreds of stocks by hand right after the opening bell is slow, and the best setups can be gone by the time you finish. An OHL scanner does the filtering for you:
- Saves time: You get a ready list of candidates instead of scanning charts manually.
- Speed: The FataFat screener is near real-time, so the list stays current as the market moves.
- Focus: You concentrate on a handful of stocks with clear directional behaviour.
- Consistency: Every stock is screened against the same objective rule, which removes guesswork.
Why Choose the FataFat Intraday Stock Screener?
FataFat is a near real-time intraday screener. With the Premium version, you can scan for open high low stocks from 9:16 AM, so you can build your watchlist at the start of the session. The OHL scan is also available on the free FataFat Stock Screener, so you can try it before deciding whether to upgrade.
How to Scan for Open High Low Stocks
- Open the FataFat Intraday Stock Screener (free or Premium).
- Go to Column Y, which is where the OHL scan is located.
- Review the stocks flagged as Open = High or Open = Low.
- Add the stocks that fit your trading plan to your watchlist.
The original post also has a short video that walks through the scan step by step using the free scanner.
Tips for Using the Open High Low Strategy
A scanner gives you candidates, not guaranteed trades. A few habits can help you use it well:
- Confirm before acting. Look at volume, the broader market trend and the stock’s own chart before entering.
- Always use a stop-loss. If the stock’s open is broken, the setup has failed, so plan your exit in advance.
- Size positions carefully. Intraday trades move fast, so risk only a small part of your capital on any single trade.
- Avoid chasing. If you miss the early move, wait for the next clean setup rather than entering late.
- Review your results. Keep a trade journal to see which OHL setups work best for you.
Disclaimer: This article is for educational purposes only and is not investment advice. Trading in the stock market involves risk, so do your own research or consult a registered advisor before trading.