Hammer on EMA5 screener

• 06/13/2020 at 7:11 PM #135845
  MrMagic

  Dear all,I wonder if you could help me please. I posted this already before. Tried unsuccessfully to code this. I’d like a screener to fulfil the following criteria:

  LONG

  1. Price closes above EMA5

  2. Bullish hammer crosses and rests on EMA5

  3. EMA5 above EMA20

  4. ADX above 25

   

  SHORT

  1. Price closes below EMA5

  2. Bearish hammer crosses and rests on EMA5

  3. EMA5 below EMA20

  4. ADX above 25

   

  Any help is appreciated.

  Thanks.

  

  MrMagic

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  06/14/2020 at 10:33 AM #135879
  robertogozzi

  There you go (non tested):

  Ema5 = average[5,1](close) Ema20 = average[20,1](close) MyAdx = Adx[14] Body       = abs(close - open) UpperShadow   = high - max(open,close) LowerShadow   = min(open,close) - low BullishHammer = (Body <= (LowerShadow * 0.30)) AND (UpperShadow <= (Body * 0.10)) BearishHammer = (Body <= (UpperShadow * 0.30)) AND (LowerShadow <= (Body * 0.10)) L1 = close Crosses Over Ema5 L2 = Ema5 > Ema20 L3 = MyAdx > 25 L4 = low <= Ema5 Lcond = L1 and L2 and L3 and L4 and BullishHammer S1 = close Crosses Under Ema5 S2 = Ema5 < Ema20 S3 = MyAdx > 25 S4 = high >= Ema5 Scond = S1 and S2 and S3 and S4 and BearishHammer Screener[Lcond or Scond]

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19

  Ema5          = average[5,1](close) Ema20         = average[20,1](close) MyAdx         = Adx[14] Body          = abs(close - open) UpperShadow   = high - max(open,close) LowerShadow   = min(open,close) - low BullishHammer = (Body <= (LowerShadow * 0.30)) AND (UpperShadow <= (Body * 0.10)) BearishHammer = (Body <= (UpperShadow * 0.30)) AND (LowerShadow <= (Body * 0.10)) L1            = close Crosses Over Ema5 L2            = Ema5 > Ema20 L3            = MyAdx > 25 L4            = low <= Ema5 Lcond         = L1 and L2 and L3 and L4 and BullishHammer S1            = close Crosses Under Ema5 S2            = Ema5 < Ema20 S3            = MyAdx > 25 S4            = high >= Ema5 Scond         = S1 and S2 and S3 and S4 and BearishHammer Screener[Lcond or Scond]

   

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  MrMagic

  

  robertogozzi

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  06/14/2020 at 9:01 PM #135925
  MrMagic

  Thanks a lot @robertogozzi. I’ll test it and get back to you. Bless.

  

  MrMagic

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  06/15/2020 at 8:12 AM #135949
  MrMagic

  Hi @robertogozzi, I tried the screener but it didn’t come up with any instruments even though manually, I could see the hammers form on EMA5.

  

  MrMagic

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  06/15/2020 at 8:45 AM #135962
  robertogozzi

  Please report instrument, TF, date and time, so I can check what’s wrong.

  

  robertogozzi

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  06/15/2020 at 10:57 AM #135987
  robertogozzi

  It works, despite returning very few signals. I selected ALL shares, currencies and Indices, but only 11 items were found matching the conditions (see attached pic).

  I also realized that, due to the above Hammer difinition, there can be (though rare) times when both signals are true, so I suggest that you get rid of line 19 and append these lines, instead:

  IF Scond AND Lcond THEN Lcond = 0 Scond = 0 ENDIF Screener[Lcond or Scond]

  1 2 3 4 5

  IF Scond AND Lcond THEN    Lcond = 0    Scond = 0 ENDIF Screener[Lcond or Scond]

   

  

  robertogozzi

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  06/30/2020 at 7:47 PM #137802
  MrMagic

  Hi @robertogozzi, thanks for the code. It works just like you described, few but valid hammers.

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  robertogozzi

  

  MrMagic

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