EMA20 BOUNCE SCREENER

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  • #105273 quote
    MrMagic
    Participant
    Average

    Can I get help with a screener as stated below please?

    UPTREND
    EMA20 > EMA50 > EMA100
    ADX above 25
    Price falls, tests the EMA20 line and closes above it
    
    DOWNTREND
    EMA20 < EMA50 < EMA100
    ADX above 25
    Price rises, tests the EMA20 line and closes below it
    
    
    In both cases, the screener holds for 3 candles after the bounce
    #105275 quote
    robertogozzi
    Moderator
    Master

    There you go:

    Ema20    = average[20,1](close)
    Ema50    = average[50,1](close)
    Ema100   = average[100,1](close)
    EmaLong  = Ema20 > Ema50 AND Ema50 > Ema100
    EmaShort = Ema20 < Ema50 AND Ema50 < Ema100
    MyAdx    = Adx[14] > 25
    GoLong   = EmaLong  AND MyAdx AND low  <= Ema20 AND close > Ema20
    GoShort  = EmaShort AND MyAdx AND high >= Ema20 AND close < Ema20
    Result   = summation[3](GoLong OR GoShort)
    SCREENER[Result]
    MrMagic thanked this post
    #105335 quote
    MrMagic
    Participant
    Average

    @robertogozzi, thanks. Works very well.

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EMA20 BOUNCE SCREENER


ProScreener: Market Scanners & Detection

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MrMagic @mrmagic Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by MrMagic
6 years, 7 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 08/22/2019
Status: Active
Attachments: No files
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