Inside Week Scan

Viewing 11 posts - 1 through 11 (of 11 total)

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04/01/2022 at 2:50 PM #190985 quote

dkotecha1
Participant

New

Hi Guys,

I am currently using the below scans to find Inside Candles on Weekly and Monthly timeframes

c1= high[0] < high[1]

c2= low[0] > low[1]

insidebar = c1 and c2

screener[insidebar]

This provides inside candles for the prior week , however if want to run the scan on the weekend for the current week is there a way to modify this ?

Any help would be appreciated

04/01/2022 at 4:45 PM #190993 quote
robertogozzi
Moderator

Legend
This will only work on Mondays:
```
timeframe(Daily)
IF DayOfWeek < DayOfWeek[1] THEN
   PreviousHigh = high[1]
   PreviousLow  = low[1]
ENDIF
c1 = 0
c2 = 0
IF DayOfWeek = 1 OR (DayOfWeek > 1 AND DayOfWeek < DayOfWeek[1]) THEN
   c1 = high[0] < PreviousHigh
   c2 = low[0]  > PreviousLow
ENDIF
timeframe(default)
insidebar = (c1 and c2)
screener[insidebar]
```
04/05/2022 at 6:40 PM #191266 quote

dkotecha1
Participant

New

Hi,

Thanks for the response, the current scan i have also works on Mondays. Is there a way that it would work on a saturday or Sunday ?

04/06/2022 at 9:19 AM #191312 quote
robertogozzi
Moderator

Legend
Try this one:
```
timeframe(Daily)
IF OpenDayOfWeek = 5 THEN
   PreviousHigh = high
   PreviousLow  = low
ENDIF
c1 = 0
c2 = 0
IF DayOfWeek > 5 OR DayOfWeek = 0 THEN
   c1 = high < PreviousHigh
   c2 = low  > PreviousLow
ENDIF
timeframe(default)
insidebar = (c1 and c2)
screener[insidebar]
```
04/10/2022 at 6:50 PM #191535 quote

dkotecha1
Participant

New

Hi,

Thanks for the updated code, however unfortunately it does not bring up results when tried, would you know of any other solution?

04/10/2022 at 10:05 PM #191544 quote

robertogozzi
Moderator

Legend

You’ll have to apply it to instruments/assets being traded on Saturday and Sunday.

04/11/2022 at 10:57 AM #191560 quote

dkotecha1
Participant

New

I am looking to apply to it to UK shares that would not be traded on the weekend. I want to be able to run a scan on a Sat/Sunday for the current week is that not possible with Prorealtime ?

04/11/2022 at 11:43 AM #191562 quote

robertogozzi
Moderator

Legend

You can scan anytime, but when the market is closed, you will be reported conditions at closing time (till it opens again).

04/11/2022 at 12:14 PM #191573 quote

dkotecha1
Participant

New

not sure I follow, are you saying that on a weekend the weekly candle has not closed ? Therefore I need to wait till monday ? and there is no way to screen based on the week having closed on last trading day which would be friday ?

04/11/2022 at 2:15 PM #191583 quote

robertogozzi
Moderator

Legend

Screeners scan live markets, how could they scan price movements when markets are closed?

04/11/2022 at 3:46 PM #191588 quote

dkotecha1
Participant

New

not sure what you mean.. by that logic you shouldn’t be able to scan in the evening (whilst the market is closed) for a daily inside candle, however that seems to work perfectly fine
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