30 Minute hammer reversal

• 09/14/2018 at 9:04 AM #80448
  Yas1311

  Hi guys please can you help setup a screener for the following.

  A 30 minute hammer candle which has gone from low and closed near high

  the candles low to high is  5% or more of the company price

  thank you!

  

  Yas1311

  Participant

  Topics: 5

  Replies: 5

  Been thanked: 0 times
  09/14/2018 at 11:00 AM #80480
  Nicolas

  This screener’s code should work as intended:

  body=close-open abody=abs(body) if range>0 then ratio=abody/range else ratio=0 endif shadowtop=high-bodytop shadowbottom=bodybottom-low bodytop=max(open, close) bodybottom=min(open, close) longcandle= (ratio>0.6) Hammer=(longcandle[1] and low<low[1] and shadowbottom>2*abody and shadowtop<0.3*abody) and range/close>0.05 screener[Hammer](range/close)

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

  body=close-open abody=abs(body) if range>0 then ratio=abody/range else ratio=0 endif shadowtop=high-bodytop shadowbottom=bodybottom-low bodytop=max(open, close) bodybottom=min(open, close) longcandle= (ratio>0.6) Hammer=(longcandle[1] and low<low[1] and shadowbottom>2*abody and shadowtop<0.3*abody) and range/close>0.05   screener[Hammer](range/close)

  5% is a big candlestick, it filters a lot the results.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
  09/28/2018 at 8:46 AM #81520
  Yas1311

  thanks very much for your help!

  

  Yas1311

  Participant

  Topics: 5

  Replies: 5

  Been thanked: 0 times
  09/28/2018 at 8:56 AM #81524
  Yas1311

  Sorry just one more thing would you be able to add to the above code to find those stocks which are 20% or less away from 52 week highs.

   

  thanks in advance

  

  Yas1311

  Participant

  Topics: 5

  Replies: 5

  Been thanked: 0 times
  09/28/2018 at 12:42 PM #81538
  Nicolas

  Sure, try this new code, I added the weekly Close / 52 weeks HighestHigh ratio as the criteria:

  timeframe(weekly) wratio = close/Highest[52](high)[1] lessthan20 = wratio>=0.8 timeframe(default) body=close-open abody=abs(body) if range>0 then ratio=abody/range else ratio=0 endif shadowtop=high-bodytop shadowbottom=bodybottom-low bodytop=max(open, close) bodybottom=min(open, close) longcandle= (ratio>0.6) Hammer=(longcandle[1] and low<low[1] and shadowbottom>2*abody and shadowtop<0.3*abody) and range/close>0.05 and lessthan20 screener[Hammer](wratio)

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

  timeframe(weekly) wratio = close/Highest[52](high)[1] lessthan20 = wratio>=0.8   timeframe(default) body=close-open abody=abs(body) if range>0 then ratio=abody/range else ratio=0 endif shadowtop=high-bodytop shadowbottom=bodybottom-low bodytop=max(open, close) bodybottom=min(open, close) longcandle= (ratio>0.6) Hammer=(longcandle[1] and low<low[1] and shadowbottom>2*abody and shadowtop<0.3*abody) and range/close>0.05 and lessthan20   screener[Hammer](wratio)

   

   

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20863

  Been thanked: 4774 times
• Author
  Posts