To forum users far and wide,
I have been using Beyond Charts + with a weekly scan formula to filter out / identify potential stocks to buy within the ASX market / DJIA/ Nasdaq etc.
To reduce my trading costs (yearly data subscription) I would like to use the ProReal Time trading platform as I use the IG platform to buy/sell stocks.
The formula I use which I apply to a particular market is as follows;
( Go long when price is above X period moving average AND above X period high AND volume has increased by 1.25 times and there is enough liquidity to get into the stock determined by an X average of closing prices over X period of time AND the buy signal only appears on a green candle AND to avoid penny stocks )
close_above_MA: = C>Mov (C,60,E);
closeHHV: = C>Ref (HHV(C,25),-1);
increase_volume: = V>1.25*Mov (V,12,E);
liquidity: = mov (C*V,30,S) > 1000000;
signal_on_green: = C>O;
no_penny: = C >0.20;
no_expensive_stocks:= C<10;
buy:= close_above_MA AND closeHHV AND increase_volume AND liquidity AND signal_on_green AND no_penny AND no_expensive_stocks;
buy;
Hoping this formula will somehow convert into ProTime with a forum users help.
Thanking someone in anticipation.
mjharm
Here is the code translated to ProScreener:
c=close
v=volume
closeaboveMA = C>exponentialaverage[60]
closeHHV = C>highest[25](high)[1]
increasevolume = V>1.25*exponentialaverage[12](v)
liquidity = average[30](c*v) > 1000000
signalongreen = C>open
nopenny = C >0.20
noexpensivestocks= C<10
test= closeaboveMA AND closeHHV AND increasevolume AND liquidity AND signalongreen AND nopenny AND noexpensivestocks
screener[test]
How do you enter in the market once you have sorted the stocks regarding this screener? I’m sure that it would be of interested for our community members! 😉
Topic moved to ProScreener forum. Please try to post in the correct forum with any future topics. 🙂
Hi Nicolas,
Thank you very much for the code conversion to PRT – much appreciated.
Once I get a list of stocks as presented by the scan of the market, e.g. ASX, I then eyeball each stock and look for recent support/ resistance and potentially identify if stock is going into stage 2 (Stan Weinstein book ‘ Secrets for Profiting in Bull and Bear Markets’).
If meets criteria I will buy with a stop loss in place.
Kind regards
mjharm
