Hi , I am trying to build a simple ProScreener with two indicators, a simple MA50 over the Daily chart and the Chande momentum indicator from which I replaced the (100) lines for Bollinger bands. I want to screen for (Dutch) Euronext shares from which the price crosses over the MA50 and at the same time a crossover from the CMO over the mid line (MA20) from the Bollinger bands.
Here’s what I’ve done so far:
————————————————————————————-
c1 = close crosses over average[50]
c2= Chandle[20] crosses over average[20]
screener [c1 and c2]
The screener seems to work, but the shares it select don’t fit the criteria as mentioned at all.
Anybody an idea what I am missing or doing wrong?
Thank you……..
WingParticipant
Veteran
Right now you are comparing the chande oscillator, which has a value beteen -50 and 50 with the moving average of the close I believe. Try this
ind=chande[20]
c2=ind crosses over average[20](ind)
Yesss…….. Thank you. Now it works the way I want.
Not at first because the screener did not reply on Chande, but on Chandle. ha, ha must be the French connection.
Beste regards,