Create a market structure screener

• 09/27/2017 at 5:44 AM #47449
  johnross

  Hi Guys I  am new to  the ProRealTime softwre I normally analyze pair on tradingview I currently work 2 jobs and a day so it is quite difficult to analyse the arket so basically I would to know if it is possible to code a screener that will be able to can forex pair based on market structure(High,Low,Higher Low,Lower High,Lower Low-Support become resistance,resistance become support. is it possible also to  receive an alert when the market break a support or a resistance ? I really want a screener based on market structure. I take a screenshot of one of my analysis don’t minnd the fibonnacci it’s really the 2 black line and the blue line where you see resistance become support

  

  johnross

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  09/27/2017 at 5:38 PM #47558
  Nicolas

  It should be possible. Basically we need first to define a good way to find peaks and troughs and store them in arrays. Then make a loop in the last X bars to test if the current Close is breaching one of these recent levels. Sound good for you?

  

  Nicolas

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  09/27/2017 at 6:59 PM #47562
  johnross

  yes man it sound amazing do you think you could code something like that ? Do you think it would be difficult

  

  johnross

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  09/28/2017 at 10:43 AM #47627
  Nicolas

  This is what I made so far. Peaks and troughs are made from Fractals (period adjustable), the screener will look for high or low that breach one of the Fractals levels from now to ‘lookback’ period ago. The sorting criteria give you the period number from now where the level was initially formed.

  SCREENER

  //fractals 20 periods confirmation cp = 10 //adjust here the peaks and troughs confirmation if high[cp] >= highest[2*cp+1](high) then LH = 1 else LH=0 endif if low[cp] <= lowest[2*cp+1](low) then LL= -1 else LL=0 endif if LH=1 then hil = high[cp] endif if LL = -1 then LOL = low[cp] endif //search for a break/rebound on a recent fractal level lookback = 100 //lookback periods to find a rebound/breach signal = 0 barsago = 0 for i = 0 to lookback do if low crosses under lol[i] or high crosses over hil[1] then signal=1 barsago=i break else signal=0 endif next screener [signal] (barsago)

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  //fractals 20 periods confirmation cp = 10 //adjust here the peaks and troughs confirmation if high[cp] >= highest[2*cp+1](high) then LH = 1 else LH=0 endif if low[cp] <= lowest[2*cp+1](low)  then LL= -1 else LL=0 endif if LH=1 then hil = high[cp] endif if LL  = -1 then LOL = low[cp] endif   //search for a break/rebound on a recent fractal level lookback = 100 //lookback periods to find a rebound/breach signal = 0 barsago = 0 for i = 0 to lookback do if low crosses under lol[i] or high crosses over hil[1] then signal=1 barsago=i break else signal=0 endif next   screener [signal] (barsago)

  and the indicator, add it on your price chart to identify clearly the levels and to adjust the settings of the screener:

  INDICATOR FRACTALS

  /////////// FRACTALS BILL WILLIAMS //Variable: cp = 10 if high[cp] >= highest[2*cp+1](high) then LH = 1 else LH=0 endif if low[cp] <= lowest[2*cp+1](low) then LL= -1 else LL=0 endif if LH=1 then hil = high[cp] endif if LL = -1 then LOL = low[cp] endif return lol coloured(255,0,0) as "Low Fractal",hil coloured(0,255,0) as "High Fractal" /////////////end

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  /////////// FRACTALS BILL WILLIAMS //Variable: cp = 10 if high[cp] >= highest[2*cp+1](high) then LH = 1 else LH=0 endif if low[cp] <= lowest[2*cp+1](low)  then LL= -1 else LL=0 endif if LH=1 then hil = high[cp] endif if LL  = -1 then LOL = low[cp] endif return lol coloured(255,0,0) as "Low Fractal",hil coloured(0,255,0) as "High Fractal" /////////////end

   

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  Derek

  

  Nicolas

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  09/29/2017 at 6:17 AM #47736
  johnross

  thank you  a lot nicholas  I really really appreciate i will try that and let you know what happen or what can be improve

  

  johnross

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  10/02/2017 at 5:34 AM #47959
  johnross

  I don’t know quite well how to use the software would you mind get on skype with me so we can perfect the screener I am willing to pay please let me know

  

  johnross

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  10/02/2017 at 8:01 AM #47962
  Nicolas

  For personal assistance, please use the form from this page: trading programming services

  

  Nicolas

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