A simple calculation works in an indicator but not in a screener

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03/19/2021 at 12:13 PM #164645 quote
marie123
Participant

Junior
Hello again 🙂

I made a simple calculation which compares the current close price with the EMA 200. If used in an indicator it works 100% correct but the result of the same calculation is always higher in the screener. I have no idea why because it is absolutely the same calculation. What am I doing wrong?

This is the screener version:
```
calc=((close/exponentialaverage[200](close))-1)*100
SCREENER [calc>0](calc)
```
And this is the indicator:
```
calc=((close/exponentialaverage[200](close))-1)*100
return calc
```
Help is very appreciated!
03/19/2021 at 12:58 PM #164652 quote

Nicolas
Keymaster

Legend

Same usual question about long term EMA in ProScreener 😀

Unfortunately, the history available in ProScreener (254 bars) is not sufficient to calculate correctly long term EMA, so difference exist between what is calculated with ProBuilder (indicator).

I recommend using simple moving average instead.

marie123 thanked this post

03/19/2021 at 5:27 PM #164693 quote

marie123
Participant

Junior

Thank you for the clarification. I thought I was too stupid to code correctly… 😄
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A simple calculation works in an indicator but not in a screener

ProScreener: Market Scanners & Detection

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marie123 @marie123 Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by marie123
5 years, 6 months ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	03/19/2021
Status:	Active
Attachments:	No files

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