MOVING AVRAGE AS SUPPORT SCREENER

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  • 02/27/2023 at 8:32 AM #210572 quote
    ALBERT77
    Participant
    New

    Sometimes moving averages can act as support and resistance. I am trying to write a screener that price just crossed over a moving average that acted as a resistance in the last 100 candles.

    C1= ExponentialAverage[I](close)
C2=CLOSE CROSSES OVER C1
C3=summation[100]((CLOSE-C1)>0)=1
C4=summation[100]((C1-CLOSE)< (0.005*CLOSE))=2
FOR I= 20 TO 50 DO
IF ( C2 AND C3 AND C4) THEN
PERIOD=I
ENDIF
NEXT
SCREENER(PERIOD AS "PERIOD")
    02/27/2023 at 11:36 AM #210589 quote
    Nicolas
    Keymaster
    Master

    I haven’t look at your conditions, but in your loop, you should refer to your condition at the time of I:

    C1= ExponentialAverage[I](close)
C2=CLOSE CROSSES OVER C1
C3=summation[100]((CLOSE-C1)>0)=1
C4=summation[100]((C1-CLOSE)< (0.005*CLOSE))=2
FOR I= 20 TO 50 DO
 IF ( C2[I] AND C3[I] AND C4[I]) THEN
  PERIOD=I
 ENDIF
NEXT
SCREENER(PERIOD AS "PERIOD")
    ALBERT77 thanked this post
    02/27/2023 at 11:57 AM #210592 quote
    Nicolas
    Keymaster
    Master

    I think the code should be like this, considering you are looking for an EMA between periods 20 to 50 that act as a resistance:

    FOR I= 20 TO 50 DO
 C1= ExponentialAverage[I](close)
 C2=CLOSE CROSSES OVER C1
 C3=summation[100]((CLOSE-C1)>0)=1
 C4=summation[100]((C1-CLOSE)< (0.005*CLOSE))=2
 IF ( C2 AND C3 AND C4) THEN
  PERIOD=I
 ENDIF
NEXT
SCREENER(PERIOD AS "PERIOD")

    The results will always be the longest period found, because the loop will go to the end.

    ALBERT77 thanked this post
    02/27/2023 at 7:26 PM #210613 quote
    ALBERT77
    Participant
    New

    Results are not correct.

    for example ,  it screens CVS as a result with ema50 as answer, but last price is not crossing above ema50, in last candles there are other candles above ema50 while we want all below ema50 with one very close to it (with exception of last crossing candle)

    CVS-1.png CVS-1.png
    02/28/2023 at 5:28 PM #210666 quote
    Nicolas
    Keymaster
    Master

    Ok, let’s restart from scratch, what do you mean with:

    ALBERT77 wrote:

    that acted as a resistance in the last 100 candles

    Please?

    03/01/2023 at 2:05 AM #210692 quote
    ALBERT77
    Participant
    New

    For example on the following stock (BBAI) EMA 54 acted as a resistance twice in the past similar to resistance lines , now in the pullback it is very close to it again and there is possibility to bounce back again. I am trying to write a screener to examine a range of moving averages for every stock and find any moving average that acted like this example.

    BBAI.jpg BBAI.jpg
    03/01/2023 at 2:22 AM #210694 quote
    ALBERT77
    Participant
    New

    I forgot to say that in screener formula that i post, it tries to find moving when price finally crosses over moving. Later i will modify it to find them when price pullback to moving.

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MOVING AVRAGE AS SUPPORT SCREENER


ProScreener: Market Scanners & Detection

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ALBERT77 @albert77 Participant
Summary

This topic contains 6 replies,
has 2 voices, and was last updated by ALBERT77
3 years ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 02/27/2023
Status: Active
Attachments: 2 files
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