MA crossing screener

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10/25/2024 at 10:14 AM #239449 quote
VarmaRudra
Participant

New
I want to develop a weekly screener with following conditions.
- EMA20 cross over EMA50 happened around six months back for the first time in the last two years
- Close is either very near to EMA[20] or moved below EMA20 only slightly
I developed the screener using lot of for loops and some calculations but getting very messy

I am just hoping to get some help in doing this relatively easy way please. Thanks in advance.
10/25/2024 at 11:39 AM #239451 quote
robertogozzi
Moderator

Legend
There you go (set TYPE=1 for EMAs, TYPE=0 for SMAs, etc…):
```
Timeframe(Weekly)
PerCent = 1   //1%  above or below MA20 is to be considered VERY NEAR
Type    = 1
MA20    = average[20,Type](close)
MA50    = average[50,Type](close)
c1      = (summation[104](MA20 CROSSES OVER MA50) = 1)
c2      = (summation[5](MA20[24] CROSSES OVER MA50[24]) = 1)
c3      = (close <= (MA20 * (1 + (PerCent / 100)))) AND (close >= (MA20 * (1 - (PerCent / 100))))
c4      = MA20 > MA50
Timeframe(default)
Cond    = c1 AND c2 AND c3 AND c4 AND (high <> low)
SCREENER[Cond]
```
VarmaRudra and Iván González thanked this post

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10/25/2024 at 1:22 PM #239462 quote

VarmaRudra
Participant

New

This worked like a magic and given me some good ideas on clean coding. Thank you very much.

robertogozzi thanked this post
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MA crossing screener

ProScreener: Market Scanners & Detection

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VarmaRudra @varmarudra Participant

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This topic contains 2 replies,
has 2 voices, and was last updated by VarmaRudra
1 year, 10 months ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	10/25/2024
Status:	Active
Attachments:	1 files

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