200 day average cross over problem

• 02/20/2017 at 9:39 PM #25816
  braaze

  Hi guys,

  Thanks for any help in advance.

  I’m having issues with a really basic screener.

  All I want to scan for is UK shares where the price has crossed over the 200 day moving average and closed above it. (On daily chart)

  On the screener ive set up I seem to be getting mixed results. – Some stocks that have crossed that day, some that crossed the previous day, some that have finished below the 200 day!

  The code im using is this –

  indicator1 = Average[200](close) c1 = (close CROSSES OVER indicator1) indicator2 = Volume c2 = (indicator2 >= 500000) indicator3 = Average[200](close) c3 = (DClose(0) >= indicator3) SCREENER[c1 AND c2 AND c3] ((close/DClose(1)-1)*100 AS "%Chg yest.")

  1 2 3 4 5 6 7 8 9

  indicator1 = Average[200](close) c1 = (close CROSSES OVER indicator1)   indicator2 = Volume c2 = (indicator2 >= 500000)   indicator3 = Average[200](close) c3 = (DClose(0) >= indicator3) SCREENER[c1 AND c2 AND c3] ((close/DClose(1)-1)*100 AS "%Chg yest.")

   

  Thanks

  Braaze

  

  braaze

  Participant

  Topics: 2

  Replies: 0

  Been thanked: 2 times
  02/21/2017 at 10:23 AM #25836
  Nicolas

  The c3 condition is not needed if you are screening the daily timeframe only, because the Close should be already above the 200 MA because it has crosses on the last candlestick (c1 condition).

  indicator1 = Average[200](close) c1 = (close CROSSES OVER indicator1) indicator2 = Volume c2 = (indicator2 >= 500000) SCREENER[c1 AND c2] ((close/DClose(1)-1)*100 AS "%Chg yest.")

  1 2 3 4 5 6 7

  indicator1 = Average[200](close) c1 = (close CROSSES OVER indicator1)   indicator2 = Volume c2 = (indicator2 >= 500000)   SCREENER[c1 AND c2] ((close/DClose(1)-1)*100 AS "%Chg yest.")

  About bad results, I can see 2 different problems:

  1. You not have subscribed to the live data of the shares lists you screened (End Of Day results only in this case).
  2. You have changed timezone/schedules of some shares/markets and this will not affect at all ProScreener calculation, only what you see on screen.

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
• Author
  Posts