Walter Peters Big Bullish/Bearish Candle

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  • #47638 quote
    Marcel van Vliet
    Participant
    Veteran

    Hi, I tried to code a screener for Walter Peters (The naked trader) BBC setup. This is what I coded so far.

    It would be nice to get any help or guidence to make this code more efficient/shorter/better and load it up to the library.

    Thank you ……….

    // Bullish Big (engulfing) candle
    
    C1 = High>High[1] AND High>High[2] AND High>High[3] AND High>High[4] AND High>High[5] AND High>High[6] 
    AND High>High[7] AND High>High[8] AND High>High[9] AND High>High[10] AND Low<Low[1] AND Low<Low[2] AND Low<Low[3] AND Low<Low[4] AND Low<Low[5] 
    AND Low<Low[6] AND Low<Low[7] AND Low<Low[8] AND Low<Low[9] AND Low<Low[10] AND Close[1] < Open[1] AND Open < Close[1] AND Close > Open[1] AND Open < Close
    
    // Bearish Big (engulfing) candle
    
    C2 = High>High[1] AND High>High[2] AND High>High[3] AND High>High[4] AND High>High[5] AND High>High[6] 
    AND High>High[7] AND High>High[8] AND High>High[9] AND High>High[10] AND Low<Low[1] AND Low<Low[2] AND Low<Low[3] AND Low<Low[4] AND Low<Low[5] 
    AND Low<Low[6] AND Low<Low[7] AND Low<Low[8] AND Low<Low[9] AND Low<Low[10] AND Close[1] > Open[1] AND Close < Open AND Open > Close[1] AND Close < Open[1]
    
    Screener[(C1) OR (C2)]	
    
    
    
    
    
    #47804 quote
    Nicolas
    Keymaster
    Master

    Does it works already? Is it accurate? We could make it shorter by summarize the boolean results of all the High>High[x] (and Low<Low[x]) comparisons.

    #47806 quote
    Marcel van Vliet
    Participant
    Veteran

    @Nicolas, Yes it works accurate. The problem is that Peters advice is to look back beween 6 and 10 candles. I tested the screener with 6 candles and it performed well. Summarize the boolean results is a thing I don’t know how to do. (this is the reason for this post)

    #47807 quote
    juanj
    Participant
    Master

    Here is the screener for you:

    (Only managed to find matching conditions on the Weekly)

    Dir = 0
    
    If (High > Highest[10](High)[1]) and (Low < Lowest[10](low)[1]) Then
    If close[1] < open[1] and open < close[1] and close > open[1] and close > open Then
    Dir = 1
    ElsIf close[1] > open[1] and open > close[1] and close < open[1] and close < open Then
    Dir = -1
    EndIf
    EndIf
    
    Condition = (Dir <> 0)
    
    SCREENER[Condition] (Dir AS "Direction")
    WalterPeters-BigCandle.itf
    #47810 quote
    Marcel van Vliet
    Participant
    Veteran

    @Juanj, Great. This weekend i will try to make it work on the daily timeframe or combine it with the screener I have so far.

    Thank you………

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Walter Peters Big Bullish/Bearish Candle


ProScreener: Market Scanners & Detection

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This topic contains 4 replies,
has 3 voices, and was last updated by Marcel van Vliet
8 years, 5 months ago.

Topic Details
Forum: ProScreener: Market Scanners & Detection
Language: English
Started: 09/28/2017
Status: Active
Attachments: 1 files
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