Screener for enguler candles

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  • 05/02/2021 at 12:45 PM #168569 quote
    nealhart
    Participant
    Junior

    Hi, is it possible to help with a screener I need for a certain “engulfer” candle setup? Thanks very much

     

    ENGLUFER CANDLE CRITERIA =

    A LARGER CANDLE THAT TURNS IN OPPOSITE DIRECTION FROM PREVIOUS CANDLE

    THE HIGH/LOW ( WICK) MUST BE EQUAL OR GREATER THAN PREVIOUS CANDLE

    THE OPEN/CLOSE (BODY) MUST BE GREATER THAN PREVIOUS CANDLE

    05/02/2021 at 5:16 PM #168597 quote
    robertogozzi
    Moderator
    Master

    To recap:

    • the upper wick must be >= than previous (larger or higher? I assume larger)
    • the lower wick must be >= than previous (larger or lower?  I assume larger)
    • the body must be > than previous

    There you go:

    Body      = abs(close - open)
UpperWick = high - max(open,close)
LowerWick = min(open,close) - low
c1        = UpperWick >= UpperWick[1]
c2        = LowerWick >= LowerWick[1]
c3        = Body      >  Body[1]
Cond      = c1 AND c2 AND c3
SCREENER[Cond]
    05/02/2021 at 11:01 PM #168620 quote
    nealhart
    Participant
    Junior

    Hi, I have attached a screenshot for more clarity.

    Can there be an adjustment?

    Thanks very much for the help.

    ENGULFER-CANDLE-EXAMPLES.jpg ENGULFER-CANDLE-EXAMPLES.jpg
    05/03/2021 at 11:34 AM #168665 quote
    robertogozzi
    Moderator
    Master

    Sorry, I forgot to add the second candle to go the opposite direction:

    Bullish   = close > open
Bearish   = close < open
Body      = abs(close - open)
UpperWick = high - max(open,close)
LowerWick = min(open,close) - low
c1        = UpperWick >= UpperWick[1]
c2        = LowerWick >= LowerWick[1]
c3        = Body      >  Body[1]
c4        = (Bullish AND Bearish[1]) OR (Bearish AND Bullish[1])
Cond      = c1 AND c2 AND c3 AND c4
SCREENER[Cond]
    05/05/2021 at 1:04 PM #168840 quote
    nealhart
    Participant
    Junior

    Hi, thanks so much for the formula. Much appreciated 🙂

    Kind regards

    Neal.

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Screener for enguler candles


ProScreener: Market Scanners & Detection

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nealhart @nealhart Participant
Summary

This topic contains 4 replies,
has 2 voices, and was last updated by nealhart
4 years, 10 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 05/02/2021
Status: Active
Attachments: 1 files
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