Hi,
Can someone help me develop a screener with following criteria?
- High this week was the highest in 50 weeks
- High this week was at least 200% the high 50 weeks ago or greater than 150% of the lowest low the past year
- Volume this week is greater than 130% of average volume the past 50 weeks
- Closed this week greater than $20
Thanks in advance for the help…
Could you please update your profile with your country?
Here is the screener code you are requesting:
c1 = high>highest[50](high)[1]
c2 = high>=high[50]
c3 = volume>=1.3*average[50](volume)
c4 = close>20
screener[c1 and c2 and c3 and c4]
Updated.
Thanks for your help 🙂
I saw you can backtest strategies on prorealtime, how should i proceed to see if such a screener is producing any interesting results to look further into?
Thanks in advance
Are you sure about the second criteria?
High this week was at least 200% the high 50 weeks ago or greater than 150% of the lowest low the past year
? c2 = high>=high[50]
By learning to code? 😀
You can simulate the percentage change of price over the stocks lists since the first detection of this screener criteria:
if test = 0 then
c1 = high>highest[50](high)[1]
c2 = high>=high[50]
c3 = volume>=1.3*average[50](volume)
c4 = close>20
if c1 and c2 and c3 and c4 then
test = 1
start = barindex
endif
endif
screener[test](roc[max(1,barindex-start)])
Sorry, you are right, you have to multiply the High[50] by 2:
c2 = high>=high[50]*2
Ok thanks again I’ll learn the prorealcode syntax 🙂
Great suggestion too 🙂
How do I add the second part of the second criteria which I think isn’t complete:
High this week was at least 200% the high 50 weeks ago or greater than 150% of the lowest low the past year
c2 = high>=high[50]*2 OR high>lowest[52](low)*1.5
and what does this 1 mean in the first criteria? high>highest[50](high)[1]
Your syntax is correct for the c2 condition.
The [1] is an offset 1 bar before the current one. Because the current high cannot be greater than the highest high on the current bar, otherwise it would be itself the highest high.
