5 minute candle screener

Viewing 6 posts - 1 through 6 (of 6 total)

Author

Posts
11/22/2018 at 10:39 AM #85461 quote

Yas1311
Participant

New

Hi guys i was hoping you can help me build a screener for the following scenario.

Opening 5 minute candle of the day (american market) 2.30pm start time.

Screener filters only those companies where the first 5 minute candle opens and closes plus 3% or more.

The candle closes at the high or maximum 15% away from high.

Only create a list for from 2.30-2.35pm when amercian market opens.

It would be fantastic if you can help!

thanks

11/22/2018 at 11:22 AM #85468 quote
robertogozzi
Moderator

Legend
This should do
```
IF IntradayBarIndex = 0 THEN
   c1 = 0
   c2 = 0
ENDIF
IF time = 143500 THEN
   c1 = min(open,close) >= (max(open[1],close[1]) * 1.03)  //open(close 3+%  greater than the day before
   c2 = close >= (high * 0.85)                             //closing price 15-% away fromn high
ENDIF
SCREENER[c1 AND c2]
```
11/22/2018 at 7:38 PM #85526 quote

Yas1311
Participant

New

Wow that was quick thank you So much. I forgot to add one thing. I wanted screener to list those stocks which have gapped up or down minimum plus 3%.

Thanks again I really appreciate your help

11/23/2018 at 12:24 AM #85533 quote
robertogozzi
Moderator

Legend
This is modified to accomodate -3%, besides +3% already in place:
```
IF IntradayBarIndex = 0 THEN
   c1 = 0
   c2 = 0
   c3 = 0
ENDIF
IF time = 143500 THEN
   c1 = min(open,close) >= (max(open[1],close[1]) * 1.03)  //open(close +3% gap
   c2 = close >= (high * 0.85)                             //closing price 15-% away fromn high
   c3 = max(open,close) <= (min(open[1],close[1]) * 0.97)  //open(close -3% gap
ENDIF
SCREENER[(c1 OR c3) AND c2]
```
11/24/2018 at 2:38 PM #85636 quote

Yas1311
Participant

New

Hi again I have tested the code out and waited for results at 2.35pm which didn’t trigger. Maybe we have misunderstood.

I would like the screener to display results of only the opening 5 minute candle of the day 2.30-2.35pm.

The candle should gap up or down + or – 3 percent from previous day close.

The 5minute candle should close only UP at least 85percent from the high of the candle.

I’m only interested in the results for the 2.30-2.35pm candle.

Thank you

11/26/2018 at 4:59 PM #85755 quote
robertogozzi
Moderator

Legend
You added a slightly more selective filter (candle 2:30-2:35 must be bullish):
```
IF IntradayBarIndex = 0 THEN
   c1 = 0
   c2 = 0
   c3 = 0
ENDIF
IF time = 143500 THEN
   c1 = min(open,close) >= (max(open[1],close[1]) * 1.03)  //open(close +3% gap
   c2 = close >= (high * 0.85) AND close > open            //closing price 15-% away fromn high
   c3 = max(open,close) <= (min(open[1],close[1]) * 0.97)  //open(close -3% gap
ENDIF
SCREENER[(c1 OR c3) AND c2]
```
if no items are returned maybe there were none to be returned!

Do you have any name which for sure should have been reported today?
Author

Posts