Bullish and Bearish Forex Screeners (based on 3 indicators)

Category: Screeners By: MikeGC Created: March 15, 2016, 10:22 AM
March 15, 2016, 10:22 AM
Screeners
11 Comments

These is a very effective screeners that will form the basis of an automatic system.  I have been using them for about 5 years with great success.

 

Forex Bearish Screener:

///Forex Bearish Screener - run on 4 hour FX Mini Charts
TIMEFRAME(4 hours)
indicator1 = CALL "MGC-Coppock"[14, 11, 10](close)
c1 = (indicator1 < indicator1[1])
TIMEFRAME(4 hours)
indicator3 = MACDline[12,26,9](close)
c2 = (indicator3 < indicator3[1])
TIMEFRAME(4 hours)
indicator5 = Stochastic[14,3](close)
c3 = (indicator5 < 80)
c4 = (indicator5 > 60)
c5 = (indicator5 < indicator5[1])

SCREENER[c1 AND c2 AND c3 AND c4 AND c5] (Variation AS "%Chg prev bar")

Forex Bullish Screener:

//Forex Bullish Screener - use with 4 hour Mini FX Charts
indicator1 = CALL "MGC-Coppock"[14, 11, 10](close)
c1 = (indicator1 > indicator1[1])

indicator3 = MACDline[12,26,9](close)
c2 = (indicator3 > indicator3[1])

indicator5 = Stochastic[14,3](close)
c3 = (indicator5 > 20)
c4 = (indicator5 < 40)
c5 = (indicator5 > indicator5[1])

SCREENER[c1 AND c2 AND c3 AND c4 AND c5] (Variation AS "%Chg prev bar")

 

To set it up you will need a new indicator I call “MGC-Coppock” as PRT does not offer the Coppock as such.  The code is:

 

RETURN WEIGHTEDAVERAGE[MA](ROC[roc1] +ROC[roc2]) AS "Coppock Indicator"

 

I have uploaded both screeners in .itf format that can be imported straight into your PRT.

Please note that these screeners can also be used for stocks and indices.

Remember to limit the size of the scan by having them only scanning your list of preferred instruments e.g. top 200 stocks, or high volatility Forex pairs.

Download
Filename: FX-Bearish-Screener.itf
Downloads: 578
Download
Filename: FX-Bullish-Screener.itf
Downloads: 570
MikeGC Average
I am new to programming PRT but have been trading with PRT for about 6 years. It is a wonderful charting package but little assistance is provided with the coding of automatic traders....until now! Congratulations to Nicolas and the team who put this site together and to the great contributors. My wish is to complete the coding of my system, with some help, and to post it on this site for all to test and critique. It has been a great manual system for me and is quite profitable, but translating it into PRT is now the challenge.
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