i use it of weekly chart for lower noise
i used it to trade german xetra stocks
i only wanna stocks with a total tradet volume (close * volume) of 3 mio euro (you can change this value)
no optimization needed
give every week a lot hits – pick the cherrys you want to trade
simple bread and butter strategy often used with naked price action.
// Trend Template
c1 = Average[13](close) > Average[26](close)
c2 = Average[26](close)> Average[52](close)
c3 = average[52](volume*close) > 3000000
n = 0
if barindex = 0 then
haOpen = open
haClose = close
elsif N = 0 then
haClose =(Open+High+Low+Close)/4
haOpen =(haOpen[1]+haClose[1])/2
elsif (barindex MOD N) = 0 then
haClose =(Open[N]+Highest[N](high)+Lowest[N](low)+Close)/4
haOpen =(haOpen[1]+haClose[1])/2
endif
c4 = haclose > haopen
c5 = haclose[1] < haopen[1]
c6 = haclose[2] < haopen[2]
c7 = haclose[3] < haopen[3]
SCREENER[c1 and c2 and c3 and c4 and c5 and c6 and c7 ](volume*close as "traded volume")
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Hello! Very nice screener. Thank you! I am using it to scan stocks (weekly). It is very good.
what do you think about using the screener in smaller time units (H1, M30) on indexes? And what minimum volume would you recommend?