Exhaustion Bottom or top screener

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  • #97016

    Hi,

     

    I’m very new on the screener.

    I saw that we can screen some different type of candle and would love to use it to built two screeners (4 if i count the short signal)

    the first one is a screener for exhaustion bottom (or top):

    1. divergence MACD line with price, MACD making a higher low when price making a lower low (top: MACD making a lower low when price making a higher high)
    2. a bullish reversal candle with its name and maybe a score from 3 for the most relevant, hammer or doji, to 1. (top: bearish candle with also score from 3 to 1)
    3. volume more than 30% than normal

    the second one is a screener using the BB and the 50MA, the signals are rare 1 to 2 daily or weekly setups every 6 months but very powerful:

    1. bullish signal: the price is above the 50MA (bearish: the price is under the 50MA)
    2. Bullish signal: the price just touch the lower BB (bearish: the price just touch the upper BB)
    3. Bullish signal: bullsih candle with a score from 3 to 1, (bearish: bearish candle with a score from 3 to 1)
    4. Volume more than 20% than normal

    Do you think it’s possible to built screeners with this conditions?

    I just wanted to be sure before putting my hands into the videos to learn of the build a screeners.

     

    Thanks a lot in advance for advices,

    julien

    #97045
    ALE

    Hello Julien
    you have write:

    1. divergence MACD line with price, MACD making a higher low when price making a lower low (top: MACD making a lower low when price making a higher high)

    it’s correct?
    Thanks

    #97059

    hello Ale,

     

    Thanks for your answer to my post, definitely an error:

    1. divergence MACD line with price, MACD making a higher low when price making a lower low (top: MACD making a lower high when price making a higher high)

    Sorry about that and thanks again!

    j.

     

    Here an example of the bullish part

    #98566

    I have a hard time for the divergence

Viewing 4 posts - 1 through 4 (of 4 total)

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