Bullish trend with increasing volume

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  • #214565 quote
    MrMagic
    Participant
    Average
    I’d like some help with producing screener with the following criteria please.

    Criteria

    1. EMA 20 > EMA50 > EMA100
    2. MACD line – Signal line > 0
    3. Stoch D > Stoch K
    4. Volume over 1 million and increasing

    Thanks for your help, you fantastic people!

    #214566 quote
    JS
    Participant
    Veteran

    Hi @MrMagic,

    I did my best… 😉

    EMA20 = Average[20,1](Close)
    EMA50 = Average[50,1](Close)
    EMA100 = Average[100,1](Close)
    C1 = EMA20 > EMA50 and EMA50 > EMA100
    
    xMACDline = MACDline[12,26,9](Close)
    xMACDsignal = MACDsignal[12,26,9](Close)
    C2 = xMACDline - xMACDsignal > 0
    
    hi = Highest[14](High)
    lo = Lowest[14](Low)
    Oscillator = (Close-lo)/(hi-lo)*100
    StochK = Average[3,0](Oscillator)
    StochD = Average[5,0](StochK)
    C3 = StochD > StochK
    
    C4 = Volume[3] > 1000000 and Volume > Volume[1] and Volume[1] > Volume[2] and Volume[2] > Volume[3]
    
    Signal = C1 and C2 and C3 and C4
    
    Screener[Signal](Signal as "Bullish + Incr.Volume")
    MrMagic thanked this post
    #214567 quote
    MrMagic
    Participant
    Average
    Thanks. It’s very helpful. Very kind of you.
    JS thanked this post
    #214569 quote
    JS
    Participant
    Veteran

    Hi @MrMagic

    You could also use the screener in this way:

    Signal = C1 + C2 + C3 + C4

    You then get a number between 0 and 4 and when the number is equal to 4, for example, then all four conditions are true… At number 3, three of the four conditions are true… and so on…

    MrMagic thanked this post
    #214641 quote
    MrMagic
    Participant
    Average
    Hi, Is there a way to modify the screener to include price less than $10? Thanks. KR,
    #214643 quote
    JS
    Participant
    Veteran

    Hi @MrMagic

    You can add an extra condition for this:

    C5 = Close < 10

    (Signal = C1 and C2 and C3 and C4 and C5)

    MrMagic thanked this post
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Bullish trend with increasing volume


ProScreener: Market Scanners & Detection

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MrMagic @mrmagic Participant
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This topic contains 5 replies,
has 2 voices, and was last updated by JS
2 years, 10 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 05/11/2023
Status: Active
Attachments: No files
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