Applying a screener to different TFs

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03/19/2018 at 12:12 PM #65662 quote

robertogozzi

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I am running this screener to detect engulfing candlesticks > 10 pips on the Daily TF.

What’s the difference between applying it on the Daily Chart or on the, say, 1-minute chart?

ONCE BodySize = 10 * pipsize
TIMEFRAME(daily)
Engulf  = 0
Body    = abs(open - close)
Bearish = open > close
Bullish = open < close
IF Bearish[1] THEN                                                 //Bearish
   IF open <= close[1] AND close >= open[1] AND Bullish THEN
      Engulf = (Body > Body[1]) AND (Body >= BodySize)
   END IF
ELSIF Bullish[1] THEN                                              //Bullish
   IF open >= close[1] AND close <= open[1] AND Bearish THEN
      Engulf = (Body > Body[1]) AND (Body >= BodySize)
   ENDIF
ENDIF
TIMEFRAME(default)
Result = Engulf
SCREENER[Result]