HA- short set up after a rally

cavineet · 2021-08-13T05:22:19+00:00

Hello Robert, Is it possible to create the opposite screener if the attached code. Basically, I a looking for “HA-ShortSetupAfterRally”. Attached is a file. Thanks Vineet

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08/13/2021 at 6:22 AM #175210 quote

cavineet
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Hello Robert,

Is it possible to create the opposite screener if the attached code. Basically, I a looking for “HA-ShortSetupAfterRally”.

Attached is a file.

Thanks

Vineet

HA-LongSetupAfterCorrection.itf

08/13/2021 at 8:27 AM #175215 quote
robertogozzi
Moderator

Legend
I just reverted conditions:
```
// Trend Template
c1 = Average[13](close) < Average[26](close)
c2 = Average[26](close) < Average[52](close)
c3 = average[52](volume*close) > 3000000
n = 0
if barindex = 0 then
haOpen  = open
haClose = close
elsif N = 0 then
haClose =(Open+High+Low+Close)/4
haOpen =(haOpen[1]+haClose[1])/2
elsif (barindex MOD N) = 0 then
haClose =(Open[N]+Highest[N](high)+Lowest[N](low)+Close)/4
haOpen  =(haOpen[1]+haClose[1])/2
endif
c4 = haclose < haopen
c5 = haclose[1] > haopen[1]
c6 = haclose[2] > haopen[2]
c7 = haclose[3] > haopen[3]
SCREENER[c1 and c2 and c3 and c4 and c5 and c6 and c7 ](volume*close as "traded volume")
```
HA-ShortSetupAfterRally.itf
08/13/2021 at 2:01 PM #175237 quote

cavineet
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Thanks, Robert,

But I tried to do that earlier but it is still not working as expected. I am looking for just one bar HA reversals after the rally and it is giving results for several bars. Please look at the screenshot

Rally.jpg

08/14/2021 at 9:40 AM #175289 quote

robertogozzi
Moderator

Legend

There’s no data on your pic.

Can you post gthe rules to go short?

08/15/2021 at 3:14 AM #175375 quote

cavineet
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It is a simple rule, Robert. If HA turns red it is short. I expect this screener to find those scrips. Currently as shown in the picture, this screener is showing scrips after several HA candles

08/17/2021 at 11:44 AM #175532 quote
robertogozzi
Moderator

Legend
Ok, then no moving average is needed to simply spot any reversion, just after a P number of green candles, the first red one is returned:
```
P = 10
N = 0
if barindex = 0 then
   haOpen  = open
   haClose = close
elsif N = 0 then
   haClose =(Open+High+Low+Close)/4
   haOpen =(haOpen[1]+haClose[1])/2
elsif (barindex MOD N) = 0 then
   haClose =(Open[N]+Highest[N](high)+Lowest[N](low)+Close)/4
   haOpen  =(haOpen[1]+haClose[1])/2
endif
haBullish = haClose > haOpen
haBearish = haClose < haOpen
Cond = 0
IF haBearish AND (summation[P](haBullish[1]) = P) THEN
   Cond = 1
ENDIF
SCREENER[Cond]
```
Midlanddave thanked this post
08/17/2021 at 7:47 PM #175580 quote

cavineet
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Thank you so much Robert, really appreciate it. you are awesome 🙂
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