Screener using 2 time frames

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09/07/2021 at 10:27 AM #176922 quote

Participant

Average

Good morning guys, i wonder if anyone can help me. Im trying to screen for the TTM squeeze simultaneously on the weekly and daily time frames. Is this possible? Ive attached the basic weekly code below if someone can help fix it so that it does the same on the daily time frame.

Best regards

TIMEFRAME (WEEKLY)
basis = average[21](close)
dev = 2 * Std[21](close)
upperBB = basis + dev
lowerBB = basis - dev
 
//KC
ma = average[21](close)
myrange = averagetruerange[14]
upperKC = ma+myrange * 1.5
lowerKC = ma-myrange * 1.5
signal=(lowerBB>lowerKC) AND (upperBB<upperKC)
SCREENER[SIGNAL]

09/07/2021 at 10:54 AM #176924 quote

Rainer (RFW)

Participant

Senior

Hello,
maybe it will help.
TFS shows from which time frame the signal comes. 1 = Day, 2 Week.
Regards
Rainer

Timeframe(Weekly)
basis = average[21](close)
dev = 2 * Std[21](close)
upperBB = basis + dev
lowerBB = basis - dev
//KC
ma = average[21](close)
myrange = averagetruerange[14]
upperKC = ma+myrange * 1.5
lowerKC = ma-myrange * 1.5
signalW=(lowerBB>lowerKC) AND (upperBB<upperKC)
If signalW Then
TFS = 2
EndIf
//******************************************************************************************
TIMEFRAME (1 Day)
basis = average[21](close)
dev = 2 * Std[21](close)
upperBB = basis + dev
lowerBB = basis - dev
//KC
ma = average[21](close)
myrange = averagetruerange[14]
upperKC = ma+myrange * 1.5
lowerKC = ma-myrange * 1.5
signald=(lowerBB>lowerKC) AND (upperBB<upperKC)
If signald Then
TFS = 1
EndIf
//******************************************************************************************
SCREENER[SIGNALW OR SIGNALD](TFS AS "TimeFrame-Signal")

Alfy thanked this post

09/07/2021 at 12:04 PM #176927 quote

Alfy

Participant

Average

Thanks Rainer, could you tell me how to change the code so that it screens for only when the condition applies on the weekly and the daily rather than either/or??

Thank you for your help

09/07/2021 at 1:30 PM #176933 quote

Alfy

Participant

Average

Dont worry Rainer, done it…thanks so much for your help. Working perfectly!

09/07/2021 at 1:51 PM #176936 quote

Rainer (RFW)

Participant

Senior

Hello,
I am very happy to have helped, nothing to thank. Good luck.
Best Regards
Rainer