Elder-L-Reversal Scanner from Alexander Elders Book

This Code should find very strong oversold Stock on Daily or Weekly Chart. I Prefer Weekly.

Its from Elders Book.

c1 = ExponentialAverage[26](close)
c2 = ExponentialAverage[26](close)[52]/2
c3 = c2 > c1
c4 = ExponentialAverage[26](close) > ExponentialAverage[26](close)[1]
c5 = c3 and c4
c6 = Average[52](close*volume) > 3000000
c7 = Average[52](close*volume)
c8 = high > highest[13](high)[1]
c9 = (close*volume) > Average[52](close*volume)
screener [c5 and c6 and c8 and c9] (c7 as "L-Reversal")

c1 = ExponentialAverage[26](close)

c2 = ExponentialAverage[26](close)[52]/2

c3 = c2 > c1

c4 = ExponentialAverage[26](close) > ExponentialAverage[26](close)[1]

c5 = c3 and c4

c6 = Average[52](close*volume) > 3000000

c7 = Average[52](close*volume)

c8 = high > highest[13](high)[1]

c9 = (close*volume) > Average[52](close*volume)

screener [c5 and c6 and c8 and c9] (c7 as "L-Reversal")

Alexander Elder Elder oversold reversal

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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.

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Nicolas Oui pourquoi pas? :)

claudiofred Bonjour Nicolas, merci encore pour ce super indicateur. se demander s'il est possible d'écr...

Nicolas Screener déjà présent sur le forum ici: https://www.prorealcode.com/topic/indicador-lastmans...

Steven Bahia Hi Nicolas - great indicator - is there a way to place a alert when the Oscillator crosses ...

Nicolas Alerts can't be programmed, you have to set them yourself with the Alert tool of the platfor...

Steven Bahia just to add to this would there be a way to establish a entry price from the Oscillator

leonz007 Hi Despair, dont know why after import and add your indicator, it does not go on to the pric...

Nicolas Apply it on the price chart with the wrench at the left upper side of the price chart.

Sydneyhom Hi Despair Thanks for writing the code and for generously making it available to the public...

Francesco78 Hi Pepmartorell, please let's continue the discussion on the forum thread so that we can sha...

Jusmih1 Hi there, i am looking at your Strategy however when you put in automatic trading mode its ...

wtangsiri Bonjour J'ai importé le fichier ITF en question, mais cela me donne, en bas de l'écran, un...

Nicolas Il faut ajouter l'indicateur sur le graphique du prix.

skuggan89 This is a great indicator, works very well!! Is there any algo based on this indicator that ...

Regan2020 Hi, has anybody update the above code to enable on a 15m or 5m TF?

gigi64 ik heb de code op mijn pro realtime gezet , en bij indicator staat hij erbij maar komt niet ...

gigi64 I have put the code on my pro realtime, and it is on the indicator, but it does not appear o...

Nicolas Thank you for contribution. Please consider that advertising is tolerate as long as you cont...

triss1965@gmail.com Hi, I cant make it work. And if you doing so much money. Why do you have to sell it? It don...

T-rader Eva... He dosen´t sell anything. He is just a nice guy that want to share on of his strategy...

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