To build a screener for any time frames using structure breaks

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03/18/2024 at 7:35 PM #229976 quote

venugopal
Participant

New

Hi Nicolas or Anyone,

Can you please help me build this below logic into a screener for pro real time. I want the screener to give me if triangle appears on current or previous candle for any timeframes. Mostly I will using it on Weekly timeframes. Can anyone please help. Many thanks!

———————————-

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/

// © VenugopalAru

//@version=5

indicator(“Structural breaks”, overlay = true, max_boxes_count=500, max_lines_count=500)

pivotLookup = input.int(defval=1, minval=1, maxval=5,title=’Pivot Lookup’, group=’Pivots’, tooltip=’Minimum = 1, Maximum = 5′)

plotPPDD = input.bool(defval=true, title=”Plot PPDD OB’s”, group=’Qualitative indicators’, tooltip=’Premium Premium Discount Discount (PPDD) is an OB formed after liquidity sweep. It will show up by default as a triangle (Bull ▲ / Bear ▼). Also PPDD1 (by deafult maked with a x-cross ⨯) which is a weak OB formed after liquidity sweep, that fails to completely engulf the high/low, but closes beyond the trapped candles open price.’)

ppddBullColor = input.color(defval=color.new(color.green, 0), title=”Bullish PPDD OB’s Color”, group=’Qualitative indicators’, inline=’PPDD Color’)

ppddBearColor = input.color(defval=color.new(color.red, 0), title=”Bearish PPDD OB’s Color”, group=’Qualitative indicators’, inline=’PPDD Color’)

//Functions

isUp(index) =>

close[index] > open[index]

isDown(index) =>

close[index] < open[index]

isObUp(index) =>

isDown(index + 1) and isUp(index) and close[index] > high[index + 1]

isObDown(index) =>

isUp(index + 1) and isDown(index) and close[index] < low[index + 1]

//////////////////// Pivots ////////////////////

hih = ta.pivothigh(high, pivotLookup, pivotLookup)

lol = ta.pivotlow(low , pivotLookup, pivotLookup)

top = ta.valuewhen(hih, high[pivotLookup], 0)

bottom = ta.valuewhen(lol, low [pivotLookup], 0)

//////////////////// Premium Premium & Discount Discount //////////////////

brearishTriangle = plotPPDD and isObDown(0) and ((math.max(high, high[1]) > top and close < top) or (math.max(high, high[1]) > top[1] and close < top[1]))

bullishTriangle = plotPPDD and isObUp(0) and ((math.min(low, low[1]) < bottom and close > bottom) or (math.min(low, low[1]) < bottom[1] and close > bottom[1]))

plotshape(brearishTriangle, “Bearish PPDD OB”, style=shape.triangledown , location=location.abovebar, color=ppddBearColor, size=size.tiny)

plotshape(bullishTriangle, “Bullish PPDD OB”, style=shape.triangleup , location=location.belowbar, color=ppddBullColor, size=size.tiny)

================================================

Regards,

Venu

03/19/2024 at 1:25 PM #230026 quote
Iván González
Moderator

Legend
Here is the code:
```
////////////////////////////////////////////////////////////////
//PRC_Structural Breaks Screener
//version = 0
//19.03.24
//Iván González @ www.prorealcode.com
//Sharing ProRealTime knowledge
////////////////////////////////////////////////////////////////
//------------Inputs-----------------------------------------//
prd = 1 //pivot length
//------------Bullish and bearish conditions-----------------//
isObUp = close[1]<open[1] and close>open and close > high[1]
isObDown = close[1]>open[1] and close < open and close < low[1]
//------------Pivots low-------------------------------------//
if low > low[prd] and lowest[prd](low) > low[prd] and low[prd] < lowest[prd](low)[prd+1] then
$pl[z+1] = low[prd]
$plx[z+1] = barindex[prd]
z = z + 1
endif
//------------Pivots high------------------------------------//
if high < high[prd] and highest[prd](high)<high[prd] and high[prd]>highest[prd](high)[prd+1] then
$ph[t+1]=high[prd]
$phx[t+1]=barindex[prd]
t=t+1
endif
//----------Bearish Signal-----------------------------------//
bearishTriangle = isObDown and ((max(high, high[1]) > $ph[t] and close < $ph[t]) or (max(high, high[1]) > $ph[t][1] and close < $ph[t][1]))
//----------Bullish Signal-----------------------------------//
bullishTriangle = isObUp and ((min(low, low[1]) < $pl[z] and close > $pl[z]) or (min(low, low[1]) < $pl[z][1] and close > $pl[z][1]))
//----------Screener condition-------------------------------//

screener[bearishTriangle or bullishTriangle]
```
03/19/2024 at 1:48 PM #230027 quote

venugopal
Participant

New

Iván wrote:

Here is the code:

////////////////////////////////////////////////////////////////
//PRC_Structural Breaks Screener
//version = 0
//19.03.24
//Iván González @ http://www.prorealcode.com
//Sharing ProRealTime knowledge
////////////////////////////////////////////////////////////////
//————Inputs—————————————–//
prd = 1 //pivot length
//————Bullish and bearish conditions—————–//
isObUp = close[1]<open[1] and close>open and close > high[1]
isObDown = close[1]>open[1] and close < open and close < low[1]
//————Pivots low————————————-//
if low > low[prd] and lowest[prd](low) > low[prd] and low[prd] < lowest[prd](low)[prd+1] then
$pl[z+1] = low[prd]
$plx[z+1] = barindex[prd]
z = z + 1
endif
//————Pivots high————————————//
if high < high[prd] and highest[prd](high)<high[prd] and high[prd]>highest[prd](high)[prd+1] then
$ph[t+1]=high[prd]
$phx[t+1]=barindex[prd]
t=t+1
endif
//———-Bearish Signal———————————–//
bearishTriangle = isObDown and ((max(high, high[1]) > $ph[t] and close < $ph[t]) or (max(high, high[1]) > $ph[t][1] and close < $ph[t][1]))
//———-Bullish Signal———————————–//
bullishTriangle = isObUp and ((min(low, low[1]) < $pl[z] and close > $pl[z]) or (min(low, low[1]) < $pl[z][1] and close > $pl[z][1]))
//———-Screener condition——————————-//

screener[bearishTriangle or bullishTriangle]

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////////////////////////////////////////////////////////////////

//PRC_Structural Breaks Screener

//version = 0

//19.03.24

//Iván González @ http://www.prorealcode.com

//Sharing ProRealTime knowledge

////////////////////////////////////////////////////////////////

//————Inputs—————————————–//

prd = 1 //pivot length

//————Bullish and bearish conditions—————–//

isObUp = close[1]<open[1] and close>open and close > high[1]

isObDown = close[1]>open[1] and close < open and close < low[1]

//————Pivots low————————————-//

if low > low[prd] and lowest[prd](low) > low[prd] and low[prd] < lowest[prd](low)[prd+1] then

$pl[z+1] = low[prd]

$plx[z+1] = barindex[prd]

z = z + 1

endif

//————Pivots high————————————//

if high < high[prd] and highest[prd](high)<high[prd] and high[prd]>highest[prd](high)[prd+1] then

$ph[t+1]=high[prd]

$phx[t+1]=barindex[prd]

t=t+1

endif

//———-Bearish Signal———————————–//

bearishTriangle = isObDown and ((max(high, high[1]) > $ph[t] and close < $ph[t]) or (max(high, high[1]) > $ph[t][1] and close < $ph[t][1]))

//———-Bullish Signal———————————–//

bullishTriangle = isObUp and ((min(low, low[1]) < $pl[z] and close > $pl[z]) or (min(low, low[1]) < $pl[z][1] and close > $pl[z][1]))

//———-Screener condition——————————-//

screener[bearishTriangle or bullishTriangle]

Hi Ivan, thanks for responding. I tried running this screener looks like its not working, it is not returning me any stocks both on weekly or daily. Can you please check it.

Regards,

Venu

03/19/2024 at 3:12 PM #230039 quote

Iván González
Moderator

Legend

Hi
The code works properly.
You can see in this post https://www.prorealcode.com/prorealtime-market-screeners/structural-breaks-screener/ the results in USA Tech 600.
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This topic contains 3 replies,
has 2 voices, and was last updated by Iván González
2 years, 6 months ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	03/18/2024
Status:	Active
Attachments:	No files