Screener with (Percentage of Conditions)

• 09/09/2019 at 9:32 AM #106913
  mohamed elsherief

  Hello,

  Good Day everybody,

  I have a couple of questions please:

  1-Is there a possibility the screener can show results based on the percentage of conditions when met. An example: let’s say I have RSI, MACD, and Stochastic and each of them has a predefined condition for a Bullish scan. The screener gives the option to run a scan based on matching all or any of the conditions. I want to run a scan when two of the conditions are met. How to do that please?

  The second option might be to build a custom indicator to include all the conditions and be coded to output a value when it fulfills a certain number or percentage of all the conditions. And then use this custom indicator in the scan. In this case, I will have to learn to code. But can we use a custom indicator (an Indicator I will build) in the screener?

  —In Excel, I can output each condition when met as a numeric value. For Ex:if MACD is above Zero then output value of 1 and if RSI is above 50 then output a value of 1. I can also use weighing. Then another cell will add all the numeric values and calculate the percentage (for ex: 2/3=66 percent). But how to do this in prorealtime scanner?

   

  2-Just to confirm: I understand the screener does not allow scanning based on other time frames that are not predefined for ex: H12, range bars, etc..

  Can this be “Coded”? I mean to code a custom indicator that outputs all my conditions in non-standard time frames and then be used in the screener?

   

  Those two questions are very important for me and all hopes to find a solution for both of them.

  Thanks in advance.

  

  mohamed elsherief

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  09/09/2019 at 11:30 AM #106928
  Nicolas

  You can do math just like in Excel, but you have to affect result to a variable:

  result = 2/3 if result >= 50 then signal = 1 else signal = 0 endif

  1 2 3 4 5 6 7

  result = 2/3   if result >= 50 then signal = 1 else signal = 0 endif

  You can use custom indicator in ProScreener, with the CALL function.

  There is no way to get indicators values from other timeframes than the ones listed in the dropdown list.

  

  Nicolas

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  09/10/2019 at 7:52 AM #107027
  mohamed elsherief

  Thank you for your clarification.

  I will try to do my best with learning to code/combine a number of indicators in one custom indi and then apply the formula you provided. I have read a few pages in the guide and I do not think it will be that hard.

  Regards,

  

  mohamed elsherief

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  09/10/2019 at 9:06 AM #107035
  Nicolas

  I suggest to watch the free videos to learn the basics of coding with ProRealTime: Learn to code

  

  Nicolas

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