Lower lows up Swing
March 19, 2019, 3:06 PM
Screeners
8 Comments
This screener will find swing setup with these criteria:
- market is in an up/bullish trend since 50 periods (MA50>MA200 since 50 periods)
- recent trend slope is ascending (MA20A superior to its previous value)
- new lower low detected in the last “lookback” period
A rebound of the trend should occur at that time, should be more accurate in daily and weekly timeframes.
Higher highs and lower lows indicator (similar to the one of the featured image) can be found in this topic: Higher Highs and Lower Lows indicator and screener
//PRC_LowerLows up Swing | screener
//19.03.2019
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
// --- settings
lookback = 2
// --- end of settings
botf = low[4] > low[2] and low[3] >= low[2] and low[2] <= low[1] and low[2] < low[0]
if botf then
lowerlow=low[2]
endif
ma20=average[20]
ma50=average[50]
ma200=average[200]
up=summation[50](ma50>ma200)=50 and ma20>ma50 and ma20>ma20[1]
scan = summation[lookback] (lowerlow<lowerlow[1] and up)>0
screener[scan]
Download
Filename:
PRC_LowerLows-up-Swing.itf
Downloads:
746
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