3 Bars LONG

This simple screener is searching for a daily pattern with 3 candles (short pullback during an uptrend).

Main conditions

Trend: uptrend with rising SMA200 & close > SMA200
Liquidity: volume > 15 000 stocks/daily
No penny stock: close > 0.3€

Pattern conditions

Low of middle candle < lows of previous and last candle
Last close > high of middle candle

Go long when price breakout above high of candle before middle candle (ie candle 2 days ago)

Tip: add a stochastic in OS condition or < 50 to get better results.

c1= (Low[1] < Low) and (Low[1] <= Low[2])
c2 = (high[2] > High[1]) and (Close > High[1])
c3 = (close >= 0.3)
indicator1 = average[200](close)
indicator2 = average[200](close)
c4 = (indicator1 > indicator2[1])
c5= (volume > 15000)
c6= (close > average[200])
c7= (close[1] < close[2])


SCREENER[c1 AND c2 AND c3 AND c4 AND c5 AND c6 AND c7] ((close/DClose(1)-1)*100 AS "% Veille")

c1= (Low[1] < Low) and (Low[1] <= Low[2])

c2 = (high[2] > High[1]) and (Close > High[1])

c3 = (close >= 0.3)

indicator1 = average[200](close)

indicator2 = average[200](close)

c4 = (indicator1 > indicator2[1])

c5= (volume > 15000)

c6= (close > average[200])

c7= (close[1] < close[2])

SCREENER[c1 AND c2 AND c3 AND c4 AND c5 AND c6 AND c7] ((close/DClose(1)-1)*100 AS "% Veille")

pullback

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

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Maxime Csls • 04/06/2021 #
Hello Vinks_o_7 Thank You for your work. I am working on a different candle setup. Your work could give good results. Do you have a strategy related to this screener? (StopLost / R/R)

Vinks_o_7 • 04/06/2021 #
Hi Maxime
This is a momentum strategy that I use for swing trading (couple of day, weeks).
stop: I use a classical trailing stop base on volatility (1.2/1.5 daily ATR)
The code can be improved (live scan in lieu of Friday style scan…)

haimpinto • 04/06/2021 #
Thank you for the code
How can I use it for a short trend?