Shake out demand bars

• 07/26/2023 at 5:41 PM #218176
  marco7630

  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

  

  marco7630

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  07/26/2023 at 5:43 PM #218177
  marco7630

  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

  

  marco7630

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  Been thanked: 15 times
  07/26/2023 at 6:28 PM #218178
  JS

  Hello,

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

  

  JS

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  07/26/2023 at 6:49 PM #218179
  marco7630

  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

  

  marco7630

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  07/26/2023 at 7:10 PM #218180
  JS

  Your previous question not this one…

  Polite to respond…

  

  JS

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  07/26/2023 at 7:39 PM #218181
  marco7630

  I understand. And you are totally right. Will do

  

  marco7630

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  07/26/2023 at 8:36 PM #218183
  JS

  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…

  Shake Out Demand Bars

  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")

  1 2 3 4 5

  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")

  

  JS

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  07/27/2023 at 6:53 AM #218186
  marco7630

  Thanks JS

  

  marco7630

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  07/27/2023 at 9:03 AM #218192
  marco7630

  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

  

  marco7630

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  07/27/2023 at 9:37 AM #218197
  JS

  Hi Marco,

  Here is the screener for the “Hammer” pattern…

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

  Hammer pattern

  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")

  1 2 3 4 5 6

  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")

  

  JS

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