High bullish candlestick with Volume and liquidity filter

Category: Screeners By: Nicolas Created: September 10, 2018, 12:48 PM
September 10, 2018, 12:48 PM
Screeners
2 Comments

This stock screener helps you pick stocks that met these criteria:

  • Close above highest high in 26 weeks
  • Close above 60EMA with a dominant green candle
  • Volume greater than 20% of moving average of the volume
  • Breakout candlestick has a short wick
  • Liquidity filter (market capitalization) > 1.000.000

Code converted from BeyondCharts by a request in the screener forum.

Words from its author: (Beyond charts + Code to convert)

it’s for my weekly equities system (I use CFDs), but also works for daily candles, and across other instruments like FX, commodities, indices. If i get a signal I eyeball to make sure the chart is in an uptrend, not congestion, and that it’s a “first” signal, meaning any prior signal must be either stopped out by my rad chandelier, or followed by a period of congestion (defined by 3 touches of a resistance line). If I have more candidates than needed I also have a process for choosing between them. But the signal is the trigger to enter (the code filters for a set up and a trigger).

//PRC_PRC_HighBullishVolumeLiquidity | screener
//10.09.2018
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge

HighestHigh= Close> highest[26](high)[1]
GreenCandle= Close> Open
BigGreen= Close-Open>1.5*weightedaverage[15](ABS(close-open)[1])
BigMA= Close > exponentialaverage[60](close)

Y= 13
Y1= 20

Percent= Y1/100
Multiple=Percent+1
VEMA= exponentialaverage[Y](volume)
HighVolume= Volume > Multiple*VEMA
ShortWick = High-Close<0.50*(Close-Open)
AvgClose= average[21](close)
AvgVolume= average[21](volume)

Liquidity= AvgVolume*AvgClose>1000000

Signal= HighestHigh AND GreenCandle AND HighVolume AND BigMA AND BigGreen AND ShortWick AND Liquidity

screener[Signal]

 

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Filename: PRC_HighBullishVolumeLiquidity.itf
Downloads: 874
Nicolas Master
I created ProRealCode because I believe in the power of shared knowledge. I spend my time coding new tools and helping members solve complex problems. If you are stuck on a code or need a fresh perspective on a strategy, I am always willing to help. Welcome to the community!
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