Multi timeframe conditional testing question

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Posts
12/22/2016 at 10:34 AM #18969 quote
ck1066
Participant

Average
Hi,

I ‘m trying to code a ProScreener indicator using two timeframes, 15 minutes and 5 minutes. How do I test a condition on the 15 minutes timeframe has been met within the last, say 10 bars, while on the 5 minute time frame?

See the example code below where the “long” condition is what I’m trying to figure out
```
//long
TIMEFRAME(15 minutes)
ma1=ExponentialAverage[200](close)
stochk=Stochastic[8,3](close)
a1=close>ma1
a2=(stochk crosses over 20) or (stochk crosses over 50 and mo>0)
l1=a1 and a2

TIMEFRAME(5 minutes)
ma2=ExponentialAverage[200](close)
mo=Momentum[12]
stochk1=Stochastic[8,3](close)
b1=close>ma2
b2=(stochk1 crosses over 20) or (stochk1 crosses over 50 and mo>0)
l2= b1 and b2
long=l2 and <l1=1 in the last 10 bars of the 15 minute timeframe>
```
12/22/2016 at 11:00 AM #18971 quote

ck1066
Participant

Average

“long” as in line 16 of the above code.

12/22/2016 at 4:48 PM #18990 quote

Nicolas
Keymaster

Legend

So if I understand correctly your request, you want to return immediately the stocks that fulfilled the conditions of your 5 minutes timeframe, while the conditions of the 15 minutes timeframe were met at least 1 time within the last 10 bars?

12/23/2016 at 2:45 PM #19045 quote

ck1066
Participant

Average

Yes that’s correct.

12/23/2016 at 3:14 PM #19050 quote
Nicolas
Keymaster

Legend
Ok, so please find below the modified code accordingly to this condition testing on the 15 minutes timeframe:
```
//long
TIMEFRAME(15 minutes)
ma1=ExponentialAverage[200](close)
stochk=Stochastic[8,3](close)
a1=close>ma1
a2=(stochk crosses over 20) or (stochk crosses over 50 and mo>0)
l1=summation[10](a1 and a2)>0

TIMEFRAME(5 minutes)
ma2=ExponentialAverage[200](close)
mo=Momentum[12]
stochk1=Stochastic[8,3](close)
b1=close>ma2
b2=(stochk1 crosses over 20) or (stochk1 crosses over 50 and mo>0)
l2= b1 and b2

screener [l1 and l2]
```
It now should operate correctly, please let us know!
12/24/2016 at 12:22 PM #19086 quote

ck1066
Participant

Average

Thanks Nicolas, much appreciated as always.
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Multi timeframe conditional testing question

ProScreener: Market Scanners & Detection

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ck1066 @ck1066 Participant

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This topic contains 5 replies,
has 2 voices, and was last updated by ck1066
9 years, 9 months ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	12/22/2016
Status:	Active
Attachments:	No files