30 Minute hammer reversal

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  • Author
    Posts
  • 09/14/2018 at 9:04 AM #80448 quote
    Yas1311
    Participant
    New

    Hi guys please can you help setup a screener for the following.

    A 30 minute hammer candle which has gone from low and closed near high

    the candles low to high is  5% or more of the company price

    thank you!

    09/14/2018 at 11:00 AM #80480 quote
    Nicolas
    Keymaster
    Master

    This screener’s code should work as intended:

    body=close-open
abody=abs(body)
if range>0 then
ratio=abody/range
else
ratio=0
endif
shadowtop=high-bodytop
shadowbottom=bodybottom-low
bodytop=max(open, close)
bodybottom=min(open, close)
longcandle= (ratio>0.6)
Hammer=(longcandle[1] and low<low[1] and shadowbottom>2*abody and shadowtop<0.3*abody) and range/close>0.05

screener[Hammer](range/close)

    5% is a big candlestick, it filters a lot the results.

    09/28/2018 at 8:46 AM #81520 quote
    Yas1311
    Participant
    New

    thanks very much for your help!

    09/28/2018 at 8:56 AM #81524 quote
    Yas1311
    Participant
    New

    Sorry just one more thing would you be able to add to the above code to find those stocks which are 20% or less away from 52 week highs.

     

    thanks in advance

    09/28/2018 at 12:42 PM #81538 quote
    Nicolas
    Keymaster
    Master

    Sure, try this new code, I added the weekly Close / 52 weeks HighestHigh ratio as the criteria:

    timeframe(weekly)
wratio = close/Highest[52](high)[1]
lessthan20 = wratio>=0.8

timeframe(default)
body=close-open
abody=abs(body)
if range>0 then
ratio=abody/range
else
ratio=0
endif
shadowtop=high-bodytop
shadowbottom=bodybottom-low
bodytop=max(open, close)
bodybottom=min(open, close)
longcandle= (ratio>0.6)
Hammer=(longcandle[1] and low<low[1] and shadowbottom>2*abody and shadowtop<0.3*abody) and range/close>0.05 and lessthan20

screener[Hammer](wratio)
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30 Minute hammer reversal


ProScreener: Market Scanners & Detection

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Author
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Yas1311 @yas1311 Participant
Summary

This topic contains 4 replies,
has 2 voices, and was last updated by Nicolas
7 years, 5 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 09/14/2018
Status: Active
Attachments: No files
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