Engulfing pattern and ADX

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
04/15/2021 at 2:30 PM #167171 quote
James.adejare
Participant

New
Can anyone help with this screener please? Seems basic and I know there are a couple of mentions of engulfing already but I’m struggling a bit and would appreciate any help.

SCREENER for bullish and bearish engulfing in the same chart

CRITERIA
1. Engulfing pattern (both in the same chart)
2. Increasing ADX and value above 25
Thanks if you can.
04/15/2021 at 4:24 PM #167186 quote
robertogozzi
Moderator

Legend
There you go:
```
Bullish  = close > open
Bearish  = close < open
Body     = abs(close - open)
Engulf   = max(open,close) >= max(open[1],close[1]) AND min(open,close) <= min(open[1],close[1]) AND Body > Body[1]
MyAdx    = Adx[14]
AdxFlag  = MyAdx > 25 AND MyAdx > MyAdx[1]
BullCond = Bullish AND Bearish[1] AND Engulf AND AdxFlag
BearCond = Bearish AND Bullish[1] AND Engulf AND AdxFlag
Result   = 0
IF BullCond THEN
   Result = 1
ELSIF BearCond THEN
   Result = 2
ENDIF
SCREENER[Result](Result AS "1=↑, 2=↓")
```
James.adejare thanked this post
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

Login your account

New

Stuck on this ProBuilder code?

Describe what this topic is trying to build, in plain English, and ProRealAI writes the ProRealTime™ indicator, screener or system for you.

Available in 7 languages

Engulfing pattern and ADX

ProScreener: Market Scanners & Detection

New Reply

Author

James.adejare @james-adejare Participant

Summary

This topic contains 1 reply,
has 2 voices, and was last updated by robertogozzi
5 years, 5 months ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	04/15/2021
Status:	Active
Attachments:	No files

Loading...