TMT Scalping intraday forex pairs scanner

Category: Screeners By: Nicolas Created: May 30, 2016, 2:19 PM
May 30, 2016, 2:19 PM
Screeners
1 Comment

This screener is related to the forex trading strategy that can be found here in the english forum: http://www.prorealcode.com/topic/tmt-scalping-system/

This forex pairs scanner is made to strictly found the actual pairs that are in accordance to the setup rules of the strategy:

The logic of the system means trading trendline breaks in the direction of the trend and momentum. Therefore, increasing the probability of the trendline break setup… Also, Drawing trendlines require knowledge in price action

COPY & PASTED RULES
Timeframe
M5 or M15

Buy Rules
1. Daily candle is Green
2. RSI Filter is Blue
3. MFI Meter is Green
4. Uptrend (7 EMA is above 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from highest swing
7. Wait for price to break above trendline and bar is closed
8. Set your targets

Sell Rules
1. Daily candle is Red
2. RSI Filter is Pink
3. MFI Meter is Red
4. Downtrend(7 EMA is below 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from lowest swing
7. Wait for price to break below trendline and bar is closed
8. Set your targets

TIMEFRAME(daily)
bullish = DOPEN(0)<DCLOSE(0)
bearish = DOPEN(0)>DCLOSE(0)

TIMEFRAME(default)
MFI = MoneyFlowIndex[14]
 if MFI>50 then
MFIfilter=1
else
 MFIfilter=-1
endif
mRSI = RSI[8](close)
avg = average[8](mRSI)

if avg>50 then
 RSIfilter=1
else
 RSIfilter=-1
endif

mm7 = exponentialaverage[7](close)
mm20 = exponentialaverage[20](close)

insideEMA = (low<mm7 and high>mm20) or (low>mm7 and high<mm20)

//LONG conditions
LONG = bullish and MFIfilter>0 and RSIfilter>0 and mm7>mm20 and insideEMA
SHORT = bearish and MFIfilter<0 and RSIfilter<0 and mm7<mm20 and insideEMA

SCREENER [LONG or SHORT]

 

Download
Filename: TMT-Scalping-screener.itf
Downloads: 500
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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