No results proscreener

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  • #91748 quote
    maximus78
    Participant
    Senior

    Hello guys, I’m having problems with this proscreener and I don’t know the reason why.

    Here’s the code:

    timeframe (daily)
    
    indicator=((close-close[252])/(highest[252](high)-lowest[252](low)))*100
    smooth=average[5](indicator)
    signal=average[5](smooth)
    
    c1=smooth>signal
    c2=smooth>50 and smooth>80
    
    SCREENER [C1 and c2]

    As you see I’ve put an operation in the condition “indicator”, then i apply a smoothing to it with the condition “smooth”, and then a further smoothing of “smooth” that gives me the “signal” line.

    This indicator sets possible results that runs from -100 to +100.

    In this screener for example i want to research stocks with results from 50 to 80, and with the smooth> of the signal line (c1 and c2).

    The fact is that it gives me no results, while if I just search for “indicator”, proscreener works.

    I don’t know why it doesn’t work with the averages applied to indicator.

    I have also tried with the instruction “call” but it doesnt’ work the same.

    Does anyone know the reason why or can suggests me how can I make it work?

    Thanks in advance

    Max

    #91754 quote
    Vonasi
    Moderator
    Master

    Shouldn’t line 8 be:

    c2=smooth>50 and smooth<80

    otherwise you are looking for over 80 and above signal line and not between 50 and 80 and above signal line?

    #91767 quote
    maximus78
    Participant
    Senior

    Ah yes Vonasi,

    sorry i’ve mistaken rewriting the code here but it doesn’t work even with

    c2=smooth>50 and smooth<80….

    so it’s not that, I really don’t know what might it be

    max

    #91771 quote
    Vonasi
    Moderator
    Master

    Are you sure that any of the instruments that you screen actual meet the criteria?

    Convert the screener to an indicator like this and find an instrument that meets the conditions today to test it on. I tested it on the DJI and it last met both conditions in September 2018.

    indicator=((close-close[252])/(highest[252](high)-lowest[252](low)))*100
    
    smooth=average[5](indicator)
    signal=average[5](smooth)
    
    c1=smooth>signal
    c2=smooth>50 and smooth<80
    
    flag = 0
    if c1 and c2 then 
    flag = 1
    endif
    
    return flag coloured(0,0,255) style(histogram,2)
    
    #91773 quote
    maximus78
    Participant
    Senior

    Yes Vonasi, I did, I’ve also used your indicator now, I found there’s stocks that right now meets the criteria as you see in the pic.

    Actually as i wrote proscreener seems to not be able to find results of the condition “smooth” and “signal”,

    so the moving averages applied, because if I only use “indicator”, it works.

    That may be a bug of proscreener?

    screener.jpg screener.jpg
    #91776 quote
    Vonasi
    Moderator
    Master

    It is because of the number of bars that you are using in the indicator calculation. Change 252 to 246 and it works.

    #91781 quote
    maximus78
    Participant
    Senior

    Ah ok Vonasi, thanks a lot!

    So proscreener has the limitation that doesn’t calculates above 246 periods!

    Max

    #91782 quote
    Vonasi
    Moderator
    Master

    254 bars but you have to allow for the bars needed for the averaging within that.

    #124463 quote
    KmanK
    Participant
    New

    I also have an issue regarding “no results” when exercising proscreener. In the following examples nothing happens:

    REM Calculate the RSI indicator on 14 day bars
    myRSI = RSI[14]
    
    REM Our filter  condition: RSI < 30
    Filter = myRSI < 50
    
    REM Sorting criteria: myRSI
    SCREENER [ Filter ] (myRSI AS "RSI")
    

    Same if I simplify the code to this:

    Filter = (close[0]/close[1])<0.9
    
    REM We keep the most serious advances
    SCREENER [ Filter ]

    All boxes of shares and indices are checked.

    Thanks for your help!

    proscreenerpr.jpg proscreenerpr.jpg
    #124465 quote
    robertogozzi
    Moderator
    Master

    0.9 is way too much!

    It’s a huge difference (10% in just one candle!). In DAX it would be almost 1K pips!!!

    #124495 quote
    KmanK
    Participant
    New

    Some stocks drop 10% overnight. That’s something I would like to filter. But is doesn’t matter because if choose 0.99 or whatever still no results. Just an empty screen.

    #124498 quote
    robertogozzi
    Moderator
    Master

    With your first screener (MyRsi) I am reported so many results!

    The second screener returns less than 50 items on NASDAQ using <0.95, while it still returms nothing on italian shares and forex.

    The screeners are correct. It’s just a question of settings.

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No results proscreener


ProScreener: Market Scanners & Detection

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maximus78 @maximus78 Participant
Summary

This topic contains 11 replies,
has 4 voices, and was last updated by robertogozzi
5 years, 11 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 02/19/2019
Status: Active
Attachments: 2 files
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