ProScreener Price Action Patterns

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  • #117777 quote
    guru78
    Participant
    Junior

    Hello everyone,

    congratulations for the forum. I’m not good at proScreener programming.
    Could someone help me for a screener on price action figures (Pin Bar, Engulfing pattern, Inside bar, etc.).

    Thanks in advance 🙂

    #117779 quote
    robertogozzi
    Moderator
    Master

    You posted in the French forum but you wrote in English.

    Please use the correct forum next time.

    I moved it to the English forum.

    Let’s start with a Pin bar, can you post the correct definition of Pin bar or a link to it?

    #117780 quote
    robertogozzi
    Moderator
    Master

    I just deleted another duplicate post, still in the wrong forum!

    Plese do NOT double post, no matter what language you are using.

    #117803 quote
    robertogozzi
    Moderator
    Master

    I found this definition of a PinBar at https://www.learntotradethemarket.com/forex-trading-strategies/pin-bars-forex-trading-definition, this is the screener (unused variables have been commented out):

    // definition of a candlestick
    //
    Body      = abs(close - open)
    UpperWick = high - max(open,close)
    LowerWick = min(open,close) - low
    //Wicks   = range - Body
    //Bullish = close > open
    //Bearish = close < open
    //
    // Definition of a PinBar
    //https://www.learntotradethemarket.com/forex-trading-strategies/pin-bars-forex-trading-definition
    //
    PB        = body <= (range * 0.10)      //Body must be smaller than or equal to 10% of the candle's range (very small body)
    bullPB    = LowerWick >= (range * 0.67) //Bullish PinBars should have a lower wick greater than or equal to 67% of range
    bearPB    = UpperWick >= (range * 0.67) //Bearish PinBars should have a upper wick greater than or equal to 67% of range
    BullishPB = PB and bullPB
    BearishPB = PB and bearPB
    PinBar    = 0
    IF BullishPB THEN
       PinBar = 1
    ELSIF BearishPB THEN
       PinBar = 2
    ENDIF
    SCREENER[PinBar](PinBar as "1=↑,2=↓")

    It’s fairly simple to add other patterns, or make a new screener for each additional pattern.

    Should you need further help, let us know.

    #117804 quote
    robertogozzi
    Moderator
    Master

    Additional filters could be added to make sure a PinBar has formed at new HGHs or LOWs.

    #117805 quote
    guru78
    Participant
    Junior

    Thank you very much.
    I can’t wait to try it on Monday morning for the scalping on the dax

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ProScreener Price Action Patterns


ProScreener: Market Scanners & Detection

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guru78 @guru78 Participant
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This topic contains 5 replies,
has 2 voices, and was last updated by guru78
6 years, 1 month ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 01/24/2020
Status: Active
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