The "BUY Stock" screener
Hello fellow traders,
Here is a simple but very effective screener code of my own.
It detects the stocks that can be purchased.
These stocks must show some conditions, of course.
But it is not sufficient.
They must BREAK a TRENDLINE (a resistance).
And no code will detect this for you. That’s why we can’t backtest this kind of strategy. But it easy to make a screener, and an indicator.
On the graphic, I did set the volumes, and the 10 average volumes.
I also show you some trendlines breaks on the same stock.
c1 = average[50] > average[200]
c2 = close > average[50]
c3 = close > open
c4 = Volume > 2*(Average[10](Volume))
c5 = Volume > Volume[1] and Volume > Volume[2] and Volume > Volume[3]
c6 = Volume > 20000
c7 = ForceIndex > 10000
c8 = RSI[70] > 51 // it means RSI[14] on weekly timeframe, because 1 week = 5 days
IF c1 and c2 and c3 and c4 and c5 and c6 and c7 and c8 THEN
ACHAT = 1
ELSE
ACHAT = 0
ENDIF
screener[ACHAT]
// To get the indicator, replace this last line by :
//return ACHAT
Comments
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Salut doc, pas moyen d'avoir un signal, j'ai beau screener tout le marché en Daily et Hebdo, je n'ai jamais le critère "1"
Hello, Nicolas.
Yes, I did also think that it is possible :
- add a criteria of candle size (with ADX, etc.)
- add a breakout of the 10 last high
- etc.
But I think the best indicator is how do you see the candle.
If someone wants some more criteria, it is always possible.
Best Regards,
Thanks Doc. If you want to test if your big candle have made a good move and have pierced a trendline, maybe you could just make a lookback with a simple loop in the previous candles and test if these ones were in a narrow range? Look for their highest and lowest values or average their prices to find the distance within the close of your big candle.
Le programme ne se charge pas dans PRT