FEARZONE SCREENER

This screener is based upon the indicator you can find here: Fearzone indicator

Basically, it looks and find stocks that are heavily oversold.

// FEARZONE screener
// FEARZONE Indicator PRC by swingforfortune
 
 
period = 30
periodavstd = 100
 
//First condition
FZ1 = (highest[period](totalprice) - totalprice)/highest[period](totalprice)
av1=average[periodAvStd](FZ1)
stdv1= STD[periodAvStd](FZ1)
FZ1Limit= av1+stdv1
 
// Second condition
FZ2 = average[period](totalprice)
av2=average[periodAvStd](FZ2)
stdv= STD[periodAvStd](FZ2)
FZ2Limit= av2-stdv
 
//In Fearzone?
//if FZ1 > FZ1Limit and FZ2 < FZ2Limit Then
//drawcandle(low-range,low-range,low-2*range,low-2*range) coloured(0,255,72)
//endif
 
c1 = FZ1 > FZ1Limit and FZ2 < FZ2Limit
SCREENER [ c1 ]

// FEARZONE screener

// FEARZONE Indicator PRC by swingforfortune

period = 30

periodavstd = 100

//First condition

FZ1 = (highest[period](totalprice) - totalprice)/highest[period](totalprice)

av1=average[periodAvStd](FZ1)

stdv1= STD[periodAvStd](FZ1)

FZ1Limit= av1+stdv1

// Second condition

FZ2 = average[period](totalprice)

av2=average[periodAvStd](FZ2)

stdv= STD[periodAvStd](FZ2)

FZ2Limit= av2-stdv

//In Fearzone?

//if FZ1 > FZ1Limit and FZ2 < FZ2Limit Then

//drawcandle(low-range,low-range,low-2*range,low-2*range) coloured(0,255,72)

//endif

c1 = FZ1 > FZ1Limit and FZ2 < FZ2Limit

SCREENER [ c1 ]

oversold

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

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m-zeter Hello Swingforfortune, would you like to share your code of the "greedzone" indicator?

floplouf bonjour, J'utilise cet indicateur qui m'est très utile. Mais, je n'arrive pas à créer d'ale...

Nicolas Merci d'ouvrir un sujet sur le forum pour cette demande spécifique.

Alan hi there, i get an error which says the screener does not contain code? Please help me adjus...

Nicolas I just tried with the itf file from the above post and it contains code. Did you import it i...

styrke Hello Nicolas, Nice screener, I appreciate the way you always try to condense at maximum th...

Nicolas There's no particular reason. RSI is widely use with its default period and results seems re...

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