Create a market structure screener
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Hi Guys I am new to the ProRealTime softwre I normally analyze pair on tradingview I currently work 2 jobs and a day so it is quite difficult to analyse the arket so basically I would to know if it is possible to code a screener that will be able to can forex pair based on market structure(High,Low,Higher Low,Lower High,Lower Low-Support become resistance,resistance become support. is it possible also to receive an alert when the market break a support or a resistance ? I really want a screener based on market structure. I take a screenshot of one of my analysis don’t minnd the fibonnacci it’s really the 2 black line and the blue line where you see resistance become support
This is what I made so far. Peaks and troughs are made from Fractals (period adjustable), the screener will look for high or low that breach one of the Fractals levels from now to ‘lookback’ period ago. The sorting criteria give you the period number from now where the level was initially formed.
//fractals 20 periods confirmation cp = 10 //adjust here the peaks and troughs confirmation if high[cp] >= highest[2*cp+1](high) then LH = 1 else LH=0 endif if low[cp] <= lowest[2*cp+1](low) then LL= -1 else LL=0 endif if LH=1 then hil = high[cp] endif if LL = -1 then LOL = low[cp] endif //search for a break/rebound on a recent fractal level lookback = 100 //lookback periods to find a rebound/breach signal = 0 barsago = 0 for i = 0 to lookback do if low crosses under lol[i] or high crosses over hil[1] then signal=1 barsago=i break else signal=0 endif next screener [signal] (barsago)and the indicator, add it on your price chart to identify clearly the levels and to adjust the settings of the screener:
/////////// FRACTALS BILL WILLIAMS //Variable: cp = 10 if high[cp] >= highest[2*cp+1](high) then LH = 1 else LH=0 endif if low[cp] <= lowest[2*cp+1](low) then LL= -1 else LL=0 endif if LH=1 then hil = high[cp] endif if LL = -1 then LOL = low[cp] endif return lol coloured(255,0,0) as "Low Fractal",hil coloured(0,255,0) as "High Fractal" /////////////endDerek thanked this post
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Topic Details
| Forum: | ProScreener: Market Scanners & Detection |
| Language: | English |
| Started: | 09/27/2017 |
| Status: | Active |
| Attachments: | 2 files |
