Hammer with EMA5 and ADX

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  • #127194 quote
    MrMagic
    Participant
    Average

    Dear all,

     

    I wonder if you could help me please. Tried unsuccessfully to code this. I’d like a screener to fulfill the following criteria:

    LONG

    1. Bullish hammer resting on EMA5

    2. EMA5 above EMA20

    3. ADX above 25

     

    SHORT

    1. Bearish hammer resting on EMA5

    2.  EMA5 below EMA20

    3.  ADX above 25

     

    Any help is appreciated.

    Thanks.

    #145291 quote
    robertogozzi
    Moderator
    Master

    Sorry for being so late.

    There you go:

    DEFPARAM CumulateOrders = false
    LookBack   = 10
    nLots      = 1
    TP         = 50
    SL         = 50
    //
    Ema5       = average[5 ,1](close)
    Ema20      = average[20,1](close)
    //
    MyADX      = Adx[14] > 25
    //
    Body       = abs(close - open)
    UpperWick  = high - max(close,open)
    LowerWick  = min(close,open) - low
    BearHammer = (UpperWick >= (Body * 2)) AND (high = highest[LookBack](high))
    BullHammer = (LowerWick >= (Body * 2)) AND (low  = lowest[LookBack](low))
    //
    Lcond      = (Ema5 > Ema20) AND MyADX AND BullHammer AND (low  <= Ema5) AND (high > Ema5)
    Scond      = (Ema5 < Ema20) AND MyADX AND BearHammer AND (high >= Ema5) AND (low  < Ema5)
    // --- LONG
    IF Lcond AND Not OnMarket THEN
    BUY nLots CONTRACTS AT Market
    ENDIF
    // --- SHORT
    IF Scond AND Not OnMarket THEN
    SELLSHORT nLots CONTRACTS AT Market
    ENDIF
    //
    SET TARGET pPROFIT TP
    SET STOP   pLOSS   SL
    MrMagic thanked this post
    #161958 quote
    MrMagic
    Participant
    Average

    Dear @robertogozzi,

    Thank you for the code. I’ve only just set it up and it gave me the attached error.

    Screenshot-2021-02-19-at-07.07.01.png Screenshot-2021-02-19-at-07.07.01.png Screenshot-2021-02-19-at-07.07.34.png Screenshot-2021-02-19-at-07.07.34.png
    #161975 quote
    robertogozzi
    Moderator
    Master

    My fault, sorry. I coded a strategy instead of a screener.

    There you go:

    LookBack   = 10
    //
    Ema5       = average[5 ,1](close)
    Ema20      = average[20,1](close)
    //
    MyADX      = Adx[14] > 25
    //
    Body       = abs(close - open)
    UpperWick  = high - max(close,open)
    LowerWick  = min(close,open) - low
    BearHammer = (UpperWick >= (Body * 2)) AND (high = highest[LookBack](high))
    BullHammer = (LowerWick >= (Body * 2)) AND (low  = lowest[LookBack](low))
    //
    Lcond      = (Ema5 > Ema20) AND MyADX AND BullHammer AND (low  <= Ema5) AND (high > Ema5)
    Scond      = (Ema5 < Ema20) AND MyADX AND BearHammer AND (high >= Ema5) AND (low  < Ema5)
    //
    Cond = 0
    IF Lcond Then
       Cond = 1
    Elsif Scond then
       Cond = 2
    Endif
    Screener[Cond] (Cond AS "1=↑, 2=↓")
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Hammer with EMA5 and ADX


ProScreener: Market Scanners & Detection

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MrMagic @mrmagic Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by robertogozzi
5 years ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 04/21/2020
Status: Active
Attachments: 2 files
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