Advice on combining conditions

thetragiccircle · Sun, 22 Oct 2017 13:23:03 +0000

Hi Guys, I am totally new to this and would appreciate some advice on how to build my scanner. I have “built” 2 scanners using the easy creation facility on ProScreener but would appreciate advice on how to combine both into the one scanner. At the moment I have built one scanner with the conditions – Stochastic level above 80 on 1hr timeframe + MACD signal value>MACD value on 4hr timeframe…..ie I want this to signal when overbought (ie>80) on the 1hr when MACD indicator on 4hr timeframe is red over green. (ie to signal a 1hr pullback into potential resistance, into the direction of indicated MACD movement on the 4hr timeframe in order to short the market from 1hr chart) The other scanner is the opposite, and has the conditions where Stochastic level moves below 20 on 1hr timeframe + MACD value>MACD signal value on 4hr timeframe…..ie I want this to signal when oversold (ie <20) on the 1hr when MACD indicator on 4hr timeframe is green over red. (to signal a 1hr pullback into potential support, into the direction of indicated MACD movement on the 4hr timeframe in order to go long in the market). I hope I have explained myself fully, and would appreciate any advice to combine these 2 scanners into one, which will be set to scan the 1hour timeframe. Many thanks. David

This topic has 47 replies, 3 voices, and was last updated 6 years ago by thetragiccircle.

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12/01/2017 at 4:46 PM #54493

thetragiccircle

Sorry for late reply…family bereavement……..all the signals are long, there are no short signals….when I remove the variable, I get both short and long.

thetragiccircle

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Replies: 33

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12/04/2017 at 1:06 PM #54686

Nicolas

Pleas try with this modified code, you should now be able to get LONG or SHORT results:

//criteria = 0
// SHORT
TIMEFRAME(15 minutes)
indicator1 = Stochastic[5,2](close)
c1 = (indicator1 >= 80)
TIMEFRAME(1 hour)
indicator2 = MACDline[12,26,9](close)
c2 = (indicator2 <= 0)
TIMEFRAME(4 hours)
indicator3 = ExponentialAverage[9](MACDline[12,26,9](close))
indicator4 = MACDline[12,26,9](close)
c3 = (indicator3 >= indicator4)
TIMEFRAME(default)
short= c1 AND c2 AND c3 
//LONG
TIMEFRAME(15 minutes)
indicator1 = Stochastic[5,2](close)
c1a = (indicator1 <=20)
TIMEFRAME(1 hour)
indicator2a = MACDline[12,26,9](close)
c2a = (indicator2a > 0)
TIMEFRAME(4 hours)
indicator3a = ExponentialAverage[9](MACDline[12,26,9](close))
indicator4a = MACDline[12,26,9](close)
c3a = (indicator3a <= indicator4a)
TIMEFRAME(default)
long= c1a AND c2a AND c3a

if long then 
criteria=1
elsif short then 
criteria=-1
endif

scREENER[long or short](criteria as "long or short?")

//criteria = 0

// SHORT

TIMEFRAME(15 minutes)

indicator1 = Stochastic[5,2](close)

c1 = (indicator1 >= 80)

TIMEFRAME(1 hour)

indicator2 = MACDline[12,26,9](close)

c2 = (indicator2 <= 0)

TIMEFRAME(4 hours)

indicator3 = ExponentialAverage[9](MACDline[12,26,9](close))

indicator4 = MACDline[12,26,9](close)

c3 = (indicator3 >= indicator4)

TIMEFRAME(default)

short= c1 AND c2 AND c3

//LONG

TIMEFRAME(15 minutes)

indicator1 = Stochastic[5,2](close)

c1a = (indicator1 <=20)

TIMEFRAME(1 hour)

indicator2a = MACDline[12,26,9](close)

c2a = (indicator2a > 0)

TIMEFRAME(4 hours)

indicator3a = ExponentialAverage[9](MACDline[12,26,9](close))

indicator4a = MACDline[12,26,9](close)

c3a = (indicator3a <= indicator4a)

TIMEFRAME(default)

long= c1a AND c2a AND c3a

if long then

criteria=1

elsif short then

criteria=-1

endif

scREENER[long or short](criteria as "long or short?")

2 users thanked author for this post.

robertogozzi,

thetragiccircle

Nicolas

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12/07/2017 at 8:25 PM #55012

thetragiccircle

Thank you so much Nicolas, it now works perfectly.

thetragiccircle

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Topics: 4

Replies: 33

Been thanked: 1 time

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