Beyond charts screener to identify potential stocks to buy

• 01/21/2019 at 10:41 AM #89222
  mjharm

  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

   

   

  

  mjharm

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  01/21/2019 at 11:12 AM #89224
  Nicolas

  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]

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  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! 😉

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  mjharm

  

  Nicolas

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  01/21/2019 at 4:15 PM #89259
  Vonasi

  Topic moved to ProScreener forum. Please try to post in the correct forum with any future topics. 🙂

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  mjharm

  

  Vonasi

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  01/22/2019 at 8:53 AM #89306
  mjharm

  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

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  Nicolas

  

  mjharm

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