Hi Nicolas,
Can you please help me converting your PRC_Trend indicator on the below link to a screener. So we can screen the stocks received buy or sell signals on daily chart on daily basis.
ASCTrend
Many thanks!
Regards,
Venu
Here is the screener you are looking for. ASCTrend green or red arrows:
// --- settings
RISK=3
//MAperiod = 100
// --- end of settings
//ima = average[maperiod]
value10=3+RISK*2
x1=67+RISK
x2=33-RISK
value11=value10
shift=0//CountBars-11-1
buysig=0
sellsig = 0
Counter=shift
iRange=0.0
AvgRange=0.0
for Counter=shift to shift+9 do
AvgRange=AvgRange+Abs(High[Counter]-Low[Counter])
next
iRange=AvgRange/10
Counter=shift
TrueCount=0
while (Counter<shift+9 and TrueCount<1) do
if (Abs(Open[Counter]-Close[Counter+1])>=iRange*2.0) then
TrueCount=TrueCount+1
endif
Counter=Counter+1
wend
if (TrueCount>=1) then
MRO1=Counter
else
MRO1=-1
endif
Counter=shift
TrueCount=0
while (Counter<shift+6 and TrueCount<1) do
if (Abs(Close[Counter+3]-Close[Counter])>=iRange*4.6) then
TrueCount=TrueCount+1
endif
Counter=Counter+1
wend
if (TrueCount>=1) then
MRO2=Counter
else
MRO2=-1
endif
if (MRO1>-1) then
value11=3
else
value11=value10
endif
if (MRO2>-1) then
value11=4
else
value11=value10
endif
value2=100-Abs(Williams[value11](close)[shift]) // PercentR(value11=9)
//$Tablevalue2[shift]=value2
//$val1[shift]=0
//$val2[shift]=0
//value3=0
//atr=AverageTrueRange[14](close)
if (value2<x2) then
//signals
if value2[1]>x2[1] and lastsig>=0 then
sellsig = 1
lastsig = -1
//drawarrowup(barindex,low-atr/2) coloured(0,255,0)
endif
endif
if (value2>x1) then
//signals
if value2[1]<x1[1] and lastsig<=0 then
buysig = 1
lastsig = 1
//drawarrowdown(barindex,high+atr/2) coloured(255,0,0)
endif
endif
//distance = close/ima
condition = sellsig=1 or buysig=1 //and (distance>=.95 and distance<=1.05)
screener[condition]//(distance as "distance")
Thank you so much Nicolas. That works perfect for what I am looking for.