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3 Bars LONG
April 6, 2021, 1:42 PM
Screeners
3 Comments
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")
Download
Filename:
3Bar-Long.itf
Downloads:
182
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Comments
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5 years ago
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)
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Thank you for the code How can I use it for a short trend?