I would like to build a cryptocurrency screener with hourly timeframe and looking for those cryptocurrencies listed on binance.
to make a summary I would like to find those cryptocurrencies that after a short period of laterality with low volumes (last 20h), with an hourly candle breaks the maximums (last 20h) with volumes tripled or more.
the parameters will then be adjusted with tests.
have any cryptocurrency screener been done yet?
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I moved it.
Please read the basic rules highlighted in yellow below.
Thank you 🙂
That’s a generic simple screener, there’s no need to code anything specific to Crypto currencies, provided they have volume data (usually they have):
AverageVolume = average[20,0](Volume[1]) //average volume in the last 20 candles
Cond1 = AverageVolume <= 1000 //low volume
Cond2 = Volume > (highest[20](Volume[1]) * 3) //three times the max volume in the last 20 candles
Cond = Cond1 AND Cond2
SCREENER[Cond]
thanks Roberto for the answer. in the first post I did not go into specifics and I rethought some parameters. I would like to have a signal from the screener when the following situation occurs: 1) volume of the last hourly candle that is at least three times the 20-period moving average (1h) 2) breakout of the last 20-hour highs 3)% price growth of the latter hourly candle that is at least 5%. I would like to go and catch the pump movements that last from a few hours to a few days, especially on altcoins where, however, there is a minimum of liquidity to make the cryptocurrency move. (some are so little exchanged that I would discard them a priori) If, in your opinion, there were any other interesting parameters to be integrated to capture highly speculative movements of this kind, advice is welcome. thank you in the meantime for your reply.
There you go:
Cond1 = Volume > (average[20,0](Volume[1]) * 1) //3 times the max volume in the last 20 bars
Cond2 = close > highest[20](high[1]) //current Price breaks previous 20-bar highest high
Cond3 = close >= (close[1] * 1.05) //5% rise over the previous bar
Cond = Cond1 AND Cond2 AND Cond3
SCREENER[Cond]
I’ve never traded CryptoCurrencies, so I have no suggestions for you to improve the screener.
If have or find any valuable idea, I will certainly code it.
