Help converting indicator VolumeStop to screener

• 03/09/2018 at 4:56 AM #64874
  Bos.

  Hi folks,

  I’ve found the indicator on this forum called ‘Volume Stops’ quite a useful tool and am hoping someone might be able to assist in turning it into a screener if possible.

  Although the indicator is from this forum, i’ve attached it here.

  

  Bos.

  Participant

  Topics: 3

  Replies: 5

  Been thanked: 3 times
  03/09/2018 at 9:15 AM #64880
  Nicolas

  >> Please update your country flag in your profile. Thank you 🙂 <<

  What are the conditions to be found by the screener please? Add screenshots if you found it necessary for a better explanation.

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4742 times
  03/13/2018 at 3:04 AM #65162
  Bos.

  Hi there Nicolas,

  Thanks for the reply.

  The Volume Stops indi is based on the increase or decrease of volume in relation to the opening and closing of the last 3 bars or candles.

  Green candles are bullish signs and red candles are bearish signs. (screenshot attached for reference)

  I’m hoping to turn this into a bull screener and an additional bear screener whereby instruments/sectors are screened as to whether the indicator’s conditions are met at the close of the current candle.

  I hope this helps clarify.

   

  Thanks,

  Aus.

   

   

  

  Bos.

  Participant

  Topics: 3

  Replies: 5

  Been thanked: 3 times
  03/13/2018 at 10:31 AM #65174
  Nicolas

  Here is the code of the stock screener. It will sort the results with a 1 or -1 score. 1 = long conditions detected, -1 = short conditions detected. All in one screener only.

  redbar=open>=close greenbar=open<=close long1=volume[2]<volume[1] and volume[1]<volume[0] and redbar[2] and redbar[1] and greenbar[0] short1=volume[2]<volume[1] and volume[1]<volume[0] and greenbar[2] and greenbar[1] and redbar[0] long2=volume[2]>volume[1] and volume[1]>volume[0] and redbar[2] and redbar[1] and greenbar[0] short2=volume[2]>volume[2] and volume[1]>volume[0] and greenbar[2] and greenbar[1] and redbar[0] long = long1 or long2 short = short1 or short2 if long then direction=1 else direction=-1 endif screener[long or short] (direction)

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

  redbar=open>=close greenbar=open<=close long1=volume[2]<volume[1] and volume[1]<volume[0] and redbar[2] and redbar[1] and greenbar[0] short1=volume[2]<volume[1] and volume[1]<volume[0] and greenbar[2] and greenbar[1] and redbar[0] long2=volume[2]>volume[1] and volume[1]>volume[0] and redbar[2] and redbar[1] and greenbar[0] short2=volume[2]>volume[2] and volume[1]>volume[0] and greenbar[2] and greenbar[1] and redbar[0]   long = long1 or long2 short = short1 or short2   if long then direction=1 else direction=-1 endif   screener[long or short] (direction)

   

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20828

  Been thanked: 4742 times
  03/13/2018 at 11:32 PM #65269
  Bos.

  Fantastic, thanks Nicolas 🙂

  

  Bos.

  Participant

  Topics: 3

  Replies: 5

  Been thanked: 3 times
• Author
  Posts