Turn This Breakout Scan Into a Breakdown?

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04/06/2017 at 11:15 AM #31240 quote

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c2 = Close > 5.00 
indicator2 = Volume 
indicator3 = (Average[20](Volume)) * 1.5 
c3 = indicator2 > indicator3 
c4 = (average[20] (Volume)) > 200000 
indicator4 = Average[40](Close) 
indicator5 = Average[120](Close) 
c5 = (indicator4 >= indicator5) 
indicator6 = (highest[40](high[1])) 
c6 = (close >= indicator6) 
criteria = volume 

SCREENER [c2  AND c3 AND  c4 AND c5 and c6] (criteria AS "volume")

What needs to be changed in the above code to turn this into a breakdown scan??

Thanks

04/06/2017 at 5:01 PM #31282 quote

Nicolas

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> For clarity of messages on ProRealCode’s forums, please use the “insert code PRT” button to separate the text of the code part! Thank you! <<

I think that the conditions c5 and c6 only need to be modified:

c2 = Close > 5.00 
indicator2 = Volume 
indicator3 = (Average[20](Volume)) * 1.5 
c3 = indicator2 > indicator3 
c4 = (average[20] (Volume)) > 200000 
indicator4 = Average[40](Close) 
indicator5 = Average[120](Close) 
c5 = (indicator4 <= indicator5) 
indicator6 = (lowest[40](low[1])) 
c6 = (close <= indicator6) 
criteria = volume 

SCREENER [c2  AND c3 AND  c4 AND c5 and c6] (criteria AS "volume")

Now the faster moving average is below the slowest one and we test if the close is inferior to the lowest low of the last 40 periods (instead of the highest high for the bull version of this stock screener).

I did not test it, please tell us if it works ok. Thank you.

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Turn This Breakout Scan Into a Breakdown?

ProScreener: Market Scanners & Detection

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
9 years, 5 months ago.

Topic Details

Forum:	ProScreener: Market Scanners & Detection
Language:	English
Started:	04/06/2017
Status:	Active
Attachments:	No files