Hi. I’m trying to code a screener that screens for a BillW fractal retracement in a uptrend. Doesn’t seem to work, and I cant quite see the problem. I have attached a screendump, one for how it should work, and one for how it works
It screens for EMA50>EMA200 detection on 1H TF, and EMA23>EMA200 and EMA23>EMA50in 15 min TF to establish trend. Then also on a 15 min TF when we make one lower fractal than the previous one I’d like to signal, but it does not work. maybe it’s something fundamental about screeners that I didn’t quite catch, but I’d appreciate your help on this one 🙂
Cheers Kasper
Fractal retracement on 15 min TF
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//==============BUY SIGNALS
MyEMA23=ExponentialAverage[23](close)
MyEMA50=ExponentialAverage[50](close)
MyEMA200=ExponentialAverage[200](close)
REM The following code is related to this timescale:daily
TIMEFRAME(1H)
ifMyEMA50>MyEMA200then
EMAind1H=1
else
EMAind1H=0
endif
TIMEFRAME(15minute)
cp=2
ifhigh[cp]>=highest[2*cp+1](high)then
LH=1
else
LH=0
endif
ifMyEMA23>MyEMA200andMyEMA23>MyEMA50then//myadx and