Low and following lower low in weekly timeframe

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  • 09/29/2023 at 6:33 PM #221822 quote
    JEA
    Participant
    New

    Hi. I am trying to get an screener that give me, in a weekly timeframe, a low followed by another low, lower than the previous one. I am afraid that I am doing something wrong, probably due to my lack of expertise.

    Insert PRT code

     

    My code is the following:

     

    Timeframe (weekly)

    c1= lowest [0] (low) < lowest [1] (low [1]), being 0 the latest bar and 1 the previous to the latest bar.

    screener [c1]

     

    I would appreciate your help.

    09/29/2023 at 8:02 PM #221832 quote
    JS
    Participant
    Veteran

    Hi @JEA

    Try this one…

    TimeFrame(Weekly)
C1=Low<Low[1]
SCREENER[C1](Low as "Low")
    09/29/2023 at 8:28 PM #221833 quote
    JEA
    Participant
    New

    Thank you very much for your quick answer.

    I’ve tried your solution and it works sometimes but not always. Do you know any alternative to get that the last bar low would be lower than the previous one?

     

    All my best,

    09/29/2023 at 8:37 PM #221834 quote
    JS
    Participant
    Veteran

    Hi,

    Can you point out where it doesn’t work…?
    It’s a simple solution that should work in any circumstance…

    (Did you select “weekly” in your screener…?)

    09/29/2023 at 8:54 PM #221836 quote
    JEA
    Participant
    New

    I will try to explain it. I am afraid that I have not been very clear since the beginning. Apologize for it.

    I want to get a double bottom, being the second low lower than the previous one.

    It is one of the conditions of the screener but the others are already solved.

    This is why I tried c1= lowest [0] (low) < lowest [1] (low [1]),

    because I wanted the last bar as the lowest and the previous one with a higher low. May be I should have defined a period as 52 weeks or so.

    I hope to have been more clear now.

    09/29/2023 at 9:18 PM #221837 quote
    JS
    Participant
    Veteran

    Hi,

    It is indeed possible to compare the last “Low” with a previous period, for example 52 weeks…
    You can see the lowest “Low” in the designated column of the results sheet… 

    TimeFrame(Weekly)
C1=Low<Lowest[52](Low[1])
SCREENER[C1](Lowest[52](Low[1]) as "Lowest52")
    Scherm­afbeelding-2023-09-29-om-22.16.54.png Scherm­afbeelding-2023-09-29-om-22.16.54.png Scherm­afbeelding-2023-09-29-om-22.18.13.png Scherm­afbeelding-2023-09-29-om-22.18.13.png
    09/30/2023 at 7:51 AM #221855 quote
    JEA
    Participant
    New

    It works now!! Thanks a lot for your help.

    JS thanked this post
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Low and following lower low in weekly timeframe


ProScreener: Market Scanners & Detection

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JEA @jea Participant
Summary

This topic contains 6 replies,
has 2 voices, and was last updated by JEA
2 years, 5 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 09/29/2023
Status: Active
Attachments: 2 files
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