This screener combine fractals breakout with a couple of exponential moving average conditions on price and volumes.
i use it of weekly chart for lower noise
i used it to trade german xetra stocks
i only wanna stocks with a total tradet volume (close * volume) of 3 mio euro (you can change this value)
no optimization needed
give every week a lot hits – pick the cherrys you want to trade
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c1 = high crosses over HighFractal //----- Highs ----- ONCE HighCount = Undefined ONCE HighFractal = Undefined IF (High > High[1]) AND (High > High[2]) THEN HighLevel = High ENDIF IF (High < HighLevel) THEN HighCount = HighCount - 1 ELSIF (High >= HighLevel) THEN HighCount = 0 ENDIF IF HighCount = -2 THEN HighFractal = HighLevel ELSE HighFractal = HighFractal ENDIF c2 = (high+low)/2 c3 = ExponentialAverage[15](c2) > ExponentialAverage[30](c2) c4 = ExponentialAverage[15](volume*close) > 3000000 c5 = ExponentialAverage[15](volume*close) screener [c1 and c3 and c4] sort by c5 |
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Greetings from germany! 🙂
Can you told me your EXIT-strategy for this, please? 🙂 Would be great 🙂