Hi Folks,

I need some help (again😀).

Last weekend I tried to build a screener that screens at the end of day for candles hitting the 50MA band on US Stock Charts (screenshot).

Somehow the screener does not work properly. It does not take into account any of the  the DataConditions as mentioned on the screenshot. Lots of pennystocks are showing up.

I removed the ‘Vol’ condition to test it, but more stocks are found by the screener.

I need answers on the following questions: Are the C2 and C5 codes correct to let the candle touch the 50MA band? And how can I filter the stocks of the 29 markets with the MinPrice, the MaxPrice and the DailyVolume?

// Moving Average Band Touch Sceener.
// Based on the GRAB/Bias indicator.
// 10/10/2022 by Marcel van Vliet.

// Parameters
MinPrice=25 // The minimum price of each security.
MaxPrice=1000 // The maximum price of each security.
DailyVolume = volume>1000000 //Required daily volume.
Vol= Volume>average[50] (volume)
DataConditions= (Vol and MinPrice and MaxPrice and DailyVolume)

//Uptrend
C1= High>Low and open<close
C2= low<=average[50] (high)
C3= close>average[50](high)
DataBullish= (C1 and C2 and C3)

//Downtrend
C4= low<high and open>close
C5= high>=average[50] (low)
C6= close<average[50] (low)
DataBearish= (C4 and C5 and C6)

screener [DataBullish or DataBearish and DataConditions]

Screenshot-MAB-Touch-indicator.png