LF help with screener for these kinds of stocks

Forums ProRealTime English forum ProScreener support LF help with screener for these kinds of stocks

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  • #236484

    Hello,

    I saw a scenario on Friday that I’m very interested in screening for. I would appreciate your assistance in finding more of these scenarios.

    To summarize. 1) I want stocks that are up a lot on open. 2) The price then goes down during the first part of the day, creating new lows for the day. 3) The screener then give me stocks that later during a day crosses over VWAP on the 5-minute chart. See the picture and my pseudo-code below.

     

     

    #236494

    Hi,

    if your c2 is about the close 10 mn from open in timeframe 5mn, then you can use intraday barindex to know when you’re on it or not, first intradaybarindex starting from open is equal to 0, so the next 5 mn bar, closing 10mn from open, is intradaybarindex=1

    you can also use a coefficient lower than one and the keyword Dopen(0) to define how much lower at least you want to have reached, so in summary for c2:

     

    For c3, you can find vwap codes from previous forum posts and select your favorite, using internal forum search button at top right corner of the page, mouse hovering over avatar and entering search keyword(s) on first line of drop down menu (see image attached)

    To visualise all criteria are behaving as you expect, you can also work on an indicator version first, visualising what you need either with variables on the return line or with graphic commands, and once you’re happy with your code as an indicator, then revert back to making a screener of it.

     

    1 user thanked author for this post.
    #236516

    Thank you. Much apperciated tips.

Viewing 3 posts - 1 through 3 (of 3 total)

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