Hi Roberto, I have tested it and it is not returning any signal which would be a short. Every long is returned ok.

I have also run the same code and conditions but with 5 min / 15 min / 1hour timeframes and the same….long signals but no shorts at all, and that is scanning 30 instruments.

Hi Roberto,

I cannot provide the ProOBS code as that indicator is locked.

I ran the code over 30 pairs, including all major FX pairs, Euro, AUD, NZD and major indices, oil, and gold…..always just a long signal is returned.

I ran the screener over the 15/60/240 times frames. I also copied the code and adjusted the timeframes to give an identical scanner signal over the 5/15/60 timeframes.

I altered the last line ..Variation as “%change etc  ” by substituting the word “Lotus” so it reads in the top bar of the proscreener table.

I also noticed that every time I made a NEW scanner with this code, it returned only long signals….and when I switched off PRT and logged back in, any NEW scanner (with the code you gave), has disappeared from the Proscreener list completely.

Confused now!….Thanks Roberto

criteria = 0
// SHORT
TIMEFRAME(15 minutes)
indicator1 = Stochastic[5,2](close)
c1 = (indicator1 >= 80)
TIMEFRAME(1 hour)
indicator2 = MACDline[12,26,9](close)
c2 = (indicator2 <= 0)
TIMEFRAME(4 hours)
indicator3 = ExponentialAverage[9](MACDline[12,26,9](close))
indicator4 = MACDline[12,26,9](close)
c3 = (indicator3 >= indicator4)
IF c1 AND c2 AND c3 THEN
criteria = -1
ENDIF
//LONG
TIMEFRAME(15 minutes)
indicator1 = Stochastic[5,2](close)
c1a = (indicator1 <=20)
TIMEFRAME(1 hour)
indicator2a = MACDline[12,26,9](close)
c2a = (indicator2a > 0)
TIMEFRAME(4 hours)
indicator3a = ExponentialAverage[9](MACDline[12,26,9](close))
indicator4a = MACDline[12,26,9](close)
c3a = (indicator3a <= indicator4a)
TIMEFRAME(default)
IF c1a AND c2a AND c3a THEN
criteria = 1
ENDIF
SCREENER[criteria](criteria as "long or short?")

Hello again,

I have replaced the ProOBS indicator which is locked, with Stochastic from the PRT Indicator list….it still only returns long signals

It must be something to do with the addition of the variable, because without it, the screener returns both longs and shorts. As I have mentioned, ..if the variable is added, it returns only potential long signals.

My expectations of this screener is that it is based on giving a signal which gives me a potential trade entry only when price enters the corresponding 15 minute overbought or oversold area of a Stochastic (or ProOBS) indicator.

ie…..The signal, (which could be a short) will only happen when the 15min chart enters an overbought area >80 (Stochastic or ProOBS indicator), when the 60 minute MACD indicator  is already equal to or below the zero line, and when the 240 minutes MACD indicator is already  red above green.

A potential long signal will conversely come about when the 15 min chart Stochastic (or ProOBS), enters below 20, when the 60 min MACD indicator is already equal to or more than the zero line, when the 240 minutes MACD indicator is already green above red.

The variable which would send a “1” signal only happens when the 15 min Stochastic (or ProOBS) falls below 20 when all the above conditions on the 60 minute and 240 timeframe are matched. (short)

The variable which would send a “-1” signal only happens when the 15 min Stochastic (or ProOBS) moves above 80 when all the above conditions on the 60 and 240 minute timeframes are matched. (long)

I cannot explain in more fuller detail as to what I am expecting this screener to return based on the above. I am obviously not saying that, contrary to your expertise, that there is a logic error, but certainly there is some factor, either omitted from, or within the code, which is resulting in only long signals being returned.

Would this make any difference if the timeframes were in reverse order? (240 condition, then 60 condition, and then 15 min condition)?

Hi I have been trying to get a response as above…..I see you cannot find a logic error….why does it only return long signals?…what am I doing wrong? is there any “guide” from PRT to explain better how to resolve this myself?

Thanks