Scanner/Program when Price approaching certain indicator value

Viewing 6 posts - 1 through 6 (of 6 total)

Author

Posts
01/13/2021 at 10:57 PM #157727 quote

ashehzi
Participant

Average

Hi all,

Assuming I’ve an indicator/script which when runs on a list of stocks/indices/fx returns e.g. buy-level, sell-level.. This is fine as can be done using a PRT Scanner.

Now I want to know when price touches that dynamic buy-level, sell-level. You would say put an alert. Putting an alert on each stock/index is tedious process.

But is there a way like scanner that I pass the list of stocks and an indicator, it then prompts/alerts/shows on screen (like proscanner) that price has approached that level.

Is it possible?

Thanks.

Ash.

01/14/2021 at 8:46 AM #157742 quote
PeterSt
Participant

Master
Ash, I would attempt something like this :
```
Criteria = BuySellDistance     // You determine what this is and why. Say the higher the number, the better the chance.

SCREENER(Criteria as "Sort")   // Highest = Best on top, or whatever you want.
```
But is there a way like scanner that I pass the list of stocks and an indicator

Both I did not incorporate because

a. The list of stocks is just something you can select (see attachment – find under the wrench in the title bar of the Proscreener result) – Is that what you mean ?
b. No idea what you’d mean by an Indicator.

Ad b.: We would like to pass a variable as how it can be done with an Indicator but this is not possible. Thus use some changeable variables in the Screener Code itself.

Now the question : do you understand what I mean with my idea above ? (I tried to be brief)

Peter

Nicolas thanked this post

image_2021-01-14_084105.png
01/14/2021 at 8:59 AM #157748 quote
Nicolas
Keymaster

Legend
Here is a code snippet to scan price proximity with a SMA200, you can adapt it to your own needs:
```
percent = 3 //percentage proximity
ratio = close/average[200]
percent = percent/100
test = ratio>=1-percent and ratio<=1+percent 


screener[test](ratio)
```
ashehzi thanked this post
01/14/2021 at 12:17 PM #157802 quote

GraHal
Participant

Master

Above added as Log 268 to here …

Snippet Link Library

01/14/2021 at 3:43 PM #157833 quote

ashehzi
Participant

Average

Thanks Nic.

I tried something similar in the past (now I remember 🙂 ) e.g. price within 1-2% of VWMA13.

I will try with the other indicators I’ve in mind and will let you know. Thanks again. The theme is indeed like below:

buyprice, sell price = Call Indicator

If price within certain limit (%age, or value) of above, show up.

01/14/2021 at 3:44 PM #157834 quote

ashehzi
Participant

Average

GraHal wrote:

Above added as Log 268 to here …

Snippet Link Library

Thanks.
Author

Posts