Candles in a row

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  • Author
    Posts
  • 10/05/2017 at 12:26 PM #48267 quote
    TraderArun
    Participant
    Junior

    Hi,

    Could someome provide me with code that I can use in the ProScreener?

    I would like the screener to find all stocks that have between 5 to 10 green candles in a row

    Thanks

    10/05/2017 at 1:16 PM #48285 quote
    Nicolas
    Keymaster
    Master

    Topic moved to ProScreener forum section.

    This code should do the trick:

    count = 0
for i = 0 to 9 do 
 if close[i]>open[i] then 
  count=count+1
 endif
 if close[i]<open[i] then 
  count=0
  break
 endif
next

test = count>=5

screener[test] (count as "green candles")
    10/05/2017 at 1:31 PM #48289 quote
    robertogozzi
    Moderator
    Master
    IF summation[5](close > open) = 5 THEN ...

    Of course you might want to change the value 5 with one that best suits you.

    Also, you my assign the result to a variable.

    Should you need to check that the green candles need not be consecutive, i.e. 6 out of the last ten:

    IF summation[10](close > open) = 6 THEN ...

    To adapt it to red candles you just need to replace “close >  open” with “open > close”.

    Roberto

    Nicolas thanked this post
    11/25/2017 at 4:13 AM #53884 quote
    Nobody
    Participant
    Veteran

    this my version , first we need the consecutive green counter      

    Increase = (Close > Close[1])
Count = 0
WHILE Increase[Count] DO
Count = Count + 1
WEND
RETURN Count

    then we need the screener 

    //5 t0 10 green candles



indicator1 = CALL "CC UP"
c1 = (indicator1 >= 5)

indicator2 = CALL "CC UP"
c2 = (indicator2 <= 10)

criteria = CALL "CC UP"

SCREENER[c1 AND c2] (criteria AS "CC UP")

    you could make the cl and c2 inputs variables to make scan more versatile as well 

    //5 t0 10 green candles variable

a = 5

b = 10


indicator1 = CALL "CC UP"
c1 = (indicator1 >= a)

indicator2 = CALL "CC UP"
c2 = (indicator2 <= b)

criteria = CALL "CC UP"

SCREENER[c1 AND c2] (criteria AS "CC UP")

     

    11/25/2017 at 4:18 AM #53885 quote
    Nobody
    Participant
    Veteran

    TO go a step further you could scan for ‘x’ greencandles lookbacking back 1 and no green candles current bar to find potential reversals  

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Candles in a row


ProScreener: Market Scanners & Detection

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TraderArun @traderarun Participant
Summary

This topic contains 4 replies,
has 4 voices, and was last updated by Nobody
8 years, 3 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 10/05/2017
Status: Active
Attachments: No files
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