Description
Screener that finds the larger market movements using relative volume and price.
Tips
Set the parameters while set-up your timeframe that you want to use.
The default ones are:
- 80 bars for volume and 10 for price
- filter tickers with 5% change in price versus the average and 5 times increased in volume versus the average(500%).
It is useful for scalping large volume – price movements
Comments
- Share your timeframe and paraments that works for you
- I did not want use average, but median. Unfortunately, median is not a build in function and I am not sure if we can use build-in functions.
my first shared code – so happy to hear improvements and meet-up
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//------------------------------------------------------------------------------------------ // Prorealtime Screener: "Price Volume Ratio" //----------------------------------------------------------------------------------------- // Author: Ioannis Kyriakos // //------------------------------------------------------------------------------------------ // Description: // returns the ticks with the highest price and volume movements // with custom imported parameters // //------------------------------------------------------------------------------------------ // Parameters: // // @LookBackVolume: // number of bars to look back for volume // @LookBackPrice: // number of bars to look back for price // @DifPrice: // the minimum percent of price movement to look for // i.e. 5 is 5%, returns the ticks with price movement more than 5% or less than 5% // than the average // @DifVolume: // the minimum volume ratio to look for // .e. 5, returns the ticks with current volume ratio movement more than 5 times // versus the average one //----------------------------------------------------------------------------------------- // Set screener's parameters--------------------------------------------------------------- LookBackVolume = 80 LookBackPrice = 10 DifPrice = 5 DifVolume = 5 // Average price and volume AvgPrice = Average[LookBackPrice](close) AvgVolume = Average[LookBackVolume](volume) // Conditions for price and volume Upside = (close > AvgPrice * (100 + DifPrice) / 100) Downsize = (close < AvgPrice * (100 - DifPrice) / 100) PriceCondition = (Upside OR Downsize) VolumeCondition = (volume > AvgVolume * DifVolume) // Screener Output ------------------------------------------------------------------------- PriceDif = abs(100 * (1 - (close / AvgPrice))) // Screener -------------------------------------------------------------------------------- SCREENER[PriceCondition and VolumeCondition](PriceDif as "Price %") |
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Filename : download the ITF files
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