This screener looks at the 4-hour trend and then identifies a 15-minute pullback reversal set-up to go long. Best used in conjunction with Heikin-Ashi candles but work anyway!
The graphic shows USDJPY pair setting up to go long.
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//This screener effectively screens out trades that are setting up for a 180 degree reversal on a 15-minute timesacale. A trade set-up can then be taken longin the same direction as the 4-hour trend //www.harkoltd.com // The following code is related to this timescale:4 hours TIMEFRAME(4 hours) indicator1 = ExponentialAverage[200](close) c1 = (close >= indicator1) // The following code is related to this timescale:30 minutes TIMEFRAME(30 minutes) indicator2 = Stochastic[8,3](close) c2 = (indicator2 <= 25) // The following code is related to this timescale:15 minutes TIMEFRAME(15 minutes) indicator3 = Stochastic[8,3](close) c3 = (indicator3 <= 20) // The following code is related to this timescale:DEFAULT TIMEFRAME(DEFAULT) SCREENER[c1 AND c2 AND c3] ((close/DClose(1)-1)*100 AS "%Chg yest.") //HARKO v1.0 //www.harkoltd.com |
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