Screener for pinbar type candles within a trend

nealhart · 2021-07-05T12:37:13+00:00

Hello, Can someone kindly help this this code for a screener? the criteria…Please see screenshot example.. For buys.. A bar/ candle that opens and closes fully in the top +50% (or greater )and 8 ema line is above a 20 ema and candle must have touched either of the 8 or 20 EMA lines For sells.. A bar/ candle that opens and closes in the -50% or less and 8 ema is below a 20 ema and has touched either of the moving averages. Thanks very much

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07/05/2021 at 1:37 PM #173166 quote

nealhart
Participant

Junior

Hello,

Can someone kindly help this this code for a screener?

the criteria…Please see screenshot example..

For buys..

A bar/ candle that opens and closes fully in the top +50% (or greater )and 8 ema line is above a 20 ema

and candle must have touched either of the 8 or 20 EMA lines

For sells..

A bar/ candle that opens and closes in the -50% or less and 8 ema is below a 20 ema and has touched either of the moving averages.

Thanks very much

pinbars-with-8-and-21-moving-average-trend.jpg

07/05/2021 at 2:47 PM #173171 quote
robertogozzi
Moderator

Legend
There you go:
```
Ema8  = average[8,1](close)
Ema20 = average[20,1](close)
//
L1    = Ema8 > Ema20
S1    = Ema8 < Ema20
//
L2a   = min(open,close) >= (low + (range / 2))
L2b   = max(open,close) >= (low + (range / 2))
L2    = L2a AND L2b
//
S2a   = min(open,close) <= (high - (range / 2))
S2b   = max(open,close) <= (high - (range / 2))
S2    = S2a AND S2b
//
L3    = (low  <= max(Ema8,Ema20)) AND (min(close,open) >= max(Ema8,Ema20))
S3    = (high >= min(Ema8,Ema20)) AND (max(close,open) <= min(Ema8,Ema20))
//
CondL = L1 AND L2 AND L3
CondS = S1 AND S2 AND S3
Cond  = 0
IF CondL THEN
   Cond = 1
ELSIF CondS THEN
   Cond = 2
ENDIF
SCREENER[Cond](Cond AS "1=↑, 2=↓")
```
07/05/2021 at 3:05 PM #173173 quote

nealhart
Participant

Junior

Wonderful. Thanks very much for your help 🙂
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