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.
//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
// The following code is related to this timescale:4 hours
indicator1 = ExponentialAverage(close)
c1 = (close >= indicator1)
// The following code is related to this timescale:30 minutes
indicator2 = Stochastic[8,3](close)
c2 = (indicator2 <= 25)
// The following code is related to this timescale:15 minutes
indicator3 = Stochastic[8,3](close)
c3 = (indicator3 <= 20)
// The following code is related to this timescale:DEFAULT
SCREENER[c1 AND c2 AND c3] ((close/DClose(1)-1)*100 AS "%Chg yest.")
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.ProRealTime ITF files and other attachments :