Screener Short – Moving average – Stochastic

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    HenryHenry
    Participant
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    A request that was addressed to ProRealTime:

    Hello,

    I would like to create a screener that accomplishes the following.

    Screener Short :
    1. The current closing price is below the 50 day simple moving average.
    2. The 50 day simple moving average is lower than 5 days ago.
    3. The 20 day simple moving average is below the 50 day simple moving average.
    4. The Stochastic [8,3] has to be greater than 60. If it then falls by 5 points that’s when we want to get a screener result.

    //Short-Screener:
    c1 = (close < Average[50](close))
    c2 = (Average[50](close) < Average[50](close)[5])
    c3 = (Average[20](close) < Average[50](close))
    c4 = Stochastic[8,3](close) > 40
    SCREENER[c1 AND c2 AND c3 AND c4] ((close/DClose(1)-1)*100 AS "%Chg yest.")

     

    Suggestion for an anwser:

    //Short-Screener
    avg50=Average[50](close)
    avg20=Average[20](close)
    mystochastic=Stochastic[8,3](close)
    
    if mystochastic crosses over 60 then
    maxvalue=mystochastic
    elsif mystochastic > 60  then
    maxvalue=max(maxvalue,mystochastic)
    endif
    
    c1 = (close < avg50)
    c2 = (avg50 < avg50[5])
    c3 = (avg20 < avg50)
    c4 = mystochastic > 60 and mystochastic > maxvalue-5
    
    SCREENER[c1 AND c2 AND c3 AND c4] ((close/DClose(1)-1)*100 AS "%Chg yest.")
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Screener Short – Moving average – Stochastic


ProScreener: Market Scanners & Detection

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Henry @henry Participant
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Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 04/15/2016
Status: Active
Attachments: No files
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