Subject: A similar screen
A similar screen mentioned by mungofitch last year.

"Speaking of KISS, try this: Member of Nasdaq 100 price / (52 week high + 52 week low) top N"

Google (AI): describe price/((high+low))

The formula {Price}/High+Low} calculates the relative position of a current price within a period's trading range.
It normalizes the asset's current price against its absolute price boundaries, making it highly useful for measuring volatility and trend strength in financial markets.

The expression resolves into distinct ranges depending on the price action:
Near the High: If the current price is close to the session high, the sum of the top and bottom values is approached, causing the ratio to approach ~0.5.

Near the Low: If the price is hovering near the low, the sum of the limits grows relative to the price, dropping the ratio closer to ~0.25 or lower.

Similar backtest results. There is a lot of overlap between this and the absolute 52 week momentum screen.

Today's picks in rank order

-this-    -52wk momentum- 
SNDK      SNDK
MU        LITE
WDC       WDC
STX       MU
AMD       STX
ARM       AMD
LRCX      LRCX
AMAT      MRVL
INTC      KLAC
WBD       MPWR