Shake out demand bars

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  • 07/26/2023 at 5:41 PM #218176 quote
    marco7630
    Participant
    New
    Hello,
    I would like to see all the stocks that fit the following criteria on a daily basis
    • The close of the bar is higher than the opening
    • The body of the bar is maximum 25% of total candle
    • The high of the day is very close to the end of the day
    • There is a big wick below the opening price of the bar

    Gr Marco

    07/26/2023 at 5:43 PM #218177 quote
    marco7630
    Participant
    New
    I would like to see all the stocks that fit the following criteria on a daily basis

    The close of the bar is higher than the opening

    The body of the bar is maximum 25% of total candle

    The high of the day is very close to the end of the day

    There is a big wick below the openingprice of the day

    07/26/2023 at 6:28 PM #218178 quote
    JS
    Participant
    Veteran

    Hello,

    Don’t you have to respond to your previous question first…?

    07/26/2023 at 6:49 PM #218179 quote
    marco7630
    Participant
    New
    Sorry, do not understand what you mean. I posted the request but something went wrong. Thats why i posted it a second time. To summarize. My question is:
    I would like to see all the stocks that fit the following criteria on a daily basis
    The close of the bar is higher than the opening The body of the bar is maximum 25% of total candle The high of the day is very close to the end of the day There is a big wick below the openingprice of the day
    07/26/2023 at 7:10 PM #218180 quote
    JS
    Participant
    Veteran

    Your previous question not this one…

    Polite to respond…

    07/26/2023 at 7:39 PM #218181 quote
    marco7630
    Participant
    New
    I understand. And you are totally right. Will do
    07/26/2023 at 8:36 PM #218183 quote
    JS
    Participant
    Veteran

    Hi Marco,

    Hereby the screener…

    This condition “the high of the day is almost at the end of the day” is not possible because when you use a time frame of a day you cannot know when the “High” or “Low” occurs on that day…

    TimeFrame(Daily)
C1=Close>Open
C2=(Close-Open)<=0.25*(High-Low) //Body <= 0.25 * Total Candle
C3=(Open-Low)>0.75*(High-Low) //Wick below Open is > 75% of Total Candle
Screener[C1 and C2 and C3] (C3 as "75% wick below Open")
    07/27/2023 at 6:53 AM #218186 quote
    marco7630
    Participant
    New
    Thanks JS
    07/27/2023 at 9:03 AM #218192 quote
    marco7630
    Participant
    New
    Hi Js,   I tried the code but seems not to give the result i want to see. I am looking for hammer bars (see attachment). Can you check? Thanks   gr Marco
    2023-07-27_10-03-05.png 2023-07-27_10-03-05.png
    07/27/2023 at 9:37 AM #218197 quote
    JS
    Participant
    Veteran

    Hi Marco,

    Here is the screener for the “Hammer” pattern…

    Sometimes in condition 3 (C3) the factor 3 is used instead of 2…

    TimeFrame(Daily)
C1=Close>Open
C2=(High=Close)
C3=(Open-Low) >= 2*(Close-Open)
Hammer=C1 and C2 and C3
SCREENER[Hammer](Hammer as "Hammer")
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Shake out demand bars


ProScreener: Market Scanners & Detection

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marco7630 @marco7630 Participant
Summary

This topic contains 9 replies,
has 2 voices, and was last updated by JS
2 years, 7 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 07/26/2023
Status: Active
Attachments: 1 files
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