This screener is related to the forex trading strategy that can be found here in the english forum: http://www.prorealcode.com/topic/tmt-scalping-system/
This forex pairs scanner is made to strictly found the actual pairs that are in accordance to the setup rules of the strategy:
The logic of the system means trading trendline breaks in the direction of the trend and momentum. Therefore, increasing the probability of the trendline break setup… Also, Drawing trendlines require knowledge in price action
COPY & PASTED RULES
Timeframe
M5 or M15
Buy Rules
1. Daily candle is Green
2. RSI Filter is Blue
3. MFI Meter is Green
4. Uptrend (7 EMA is above 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from highest swing
7. Wait for price to break above trendline and bar is closed
8. Set your targets
Sell Rules
1. Daily candle is Red
2. RSI Filter is Pink
3. MFI Meter is Red
4. Downtrend(7 EMA is below 20 EMA)
5. Price pullback inside 7 and 20 EMA
6. Draw TrendLine from lowest swing
7. Wait for price to break below trendline and bar is closed
8. Set your targets
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TIMEFRAME(daily) bullish = DOPEN(0)<DCLOSE(0) bearish = DOPEN(0)>DCLOSE(0) TIMEFRAME(default) MFI = MoneyFlowIndex[14] if MFI>50 then MFIfilter=1 else MFIfilter=-1 endif mRSI = RSI[8](close) avg = average[8](mRSI) if avg>50 then RSIfilter=1 else RSIfilter=-1 endif mm7 = exponentialaverage[7](close) mm20 = exponentialaverage[20](close) insideEMA = (low<mm7 and high>mm20) or (low>mm7 and high<mm20) //LONG conditions LONG = bullish and MFIfilter>0 and RSIfilter>0 and mm7>mm20 and insideEMA SHORT = bearish and MFIfilter<0 and RSIfilter<0 and mm7<mm20 and insideEMA SCREENER [LONG or SHORT] |
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ProRealTime ITF files and other attachments :
Filename : download the ITF files
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Hello Nicolas,
Thanks for the post.
Do you have an updated version of this screener/indicator for the latest version of PRT?
Thanks