FEARZONE SCREENER

This screener is based upon the indicator you can find here: Fearzone indicator

Basically, it looks and find stocks that are heavily oversold.

// FEARZONE screener
// FEARZONE Indicator PRC by swingforfortune
 
 
period = 30
periodavstd = 100
 
//First condition
FZ1 = (highest[period](totalprice) - totalprice)/highest[period](totalprice)
av1=average[periodAvStd](FZ1)
stdv1= STD[periodAvStd](FZ1)
FZ1Limit= av1+stdv1
 
// Second condition
FZ2 = average[period](totalprice)
av2=average[periodAvStd](FZ2)
stdv= STD[periodAvStd](FZ2)
FZ2Limit= av2-stdv
 
//In Fearzone?
//if FZ1 > FZ1Limit and FZ2 < FZ2Limit Then
//drawcandle(low-range,low-range,low-2*range,low-2*range) coloured(0,255,72)
//endif
 
c1 = FZ1 > FZ1Limit and FZ2 < FZ2Limit
SCREENER [ c1 ]

// FEARZONE screener

// FEARZONE Indicator PRC by swingforfortune

period = 30

periodavstd = 100

//First condition

FZ1 = (highest[period](totalprice) - totalprice)/highest[period](totalprice)

av1=average[periodAvStd](FZ1)

stdv1= STD[periodAvStd](FZ1)

FZ1Limit= av1+stdv1

// Second condition

FZ2 = average[period](totalprice)

av2=average[periodAvStd](FZ2)

stdv= STD[periodAvStd](FZ2)

FZ2Limit= av2-stdv

//In Fearzone?

//if FZ1 > FZ1Limit and FZ2 < FZ2Limit Then

//drawcandle(low-range,low-range,low-2*range,low-2*range) coloured(0,255,72)

//endif

c1 = FZ1 > FZ1Limit and FZ2 < FZ2Limit

SCREENER [ c1 ]

oversold

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.

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