Moving Average Band Touch Sceener

• 10/10/2022 at 5:57 PM #202267
  Marcel van Vliet

  Hi Folks,

  I need some help (again😀).

  Last weekend I tried to build a screener that screens at the end of day for candles hitting the 50MA band on US Stock Charts (screenshot).

  Somehow the screener does not work properly. It does not take into account any of the  the DataConditions as mentioned on the screenshot. Lots of pennystocks are showing up.

  I removed the ‘Vol’ condition to test it, but more stocks are found by the screener.

  I need answers on the following questions: Are the C2 and C5 codes correct to let the candle touch the 50MA band? And how can I filter the stocks of the 29 markets with the MinPrice, the MaxPrice and the DailyVolume?

  Moving Average Band Touch Sceener

  // Moving Average Band Touch Sceener. // Based on the GRAB/Bias indicator. // 10/10/2022 by Marcel van Vliet. // Parameters MinPrice=25 // The minimum price of each security. MaxPrice=1000 // The maximum price of each security. DailyVolume = volume>1000000 //Required daily volume. Vol= Volume>average[50] (volume) DataConditions= (Vol and MinPrice and MaxPrice and DailyVolume) //Uptrend C1= High>Low and open<close C2= low<=average[50] (high) C3= close>average[50](high) DataBullish= (C1 and C2 and C3) //Downtrend C4= low<high and open>close C5= high>=average[50] (low) C6= close<average[50] (low) DataBearish= (C4 and C5 and C6) screener [DataBullish or DataBearish and DataConditions]

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

  // Moving Average Band Touch Sceener. // Based on the GRAB/Bias indicator. // 10/10/2022 by Marcel van Vliet.   // Parameters MinPrice=25 // The minimum price of each security. MaxPrice=1000 // The maximum price of each security. DailyVolume = volume>1000000 //Required daily volume. Vol= Volume>average[50] (volume) DataConditions= (Vol and MinPrice and MaxPrice and DailyVolume)   //Uptrend C1= High>Low and open<close C2= low<=average[50] (high) C3= close>average[50](high) DataBullish= (C1 and C2 and C3)   //Downtrend C4= low<high and open>close C5= high>=average[50] (low) C6= close<average[50] (low) DataBearish= (C4 and C5 and C6)   screener [DataBullish or DataBearish and DataConditions]

   

  

  Marcel van Vliet

  Participant

  Topics: 62

  Replies: 98

  Been thanked: 7 times
  10/10/2022 at 11:28 PM #202280
  JS

  Hi @marcelvanvliettrading

  To set the conditions for the price right, you can use:

  xPrice= Close > 25 and Close < 1000

  I don’t know where the other conditions come from but for me it is very unlikely that they will occur at the same time…

  Regel 24: Screener[(DataBullish and DataConditions) or (DataBearish and DataConditions)]

  MvV

  // Moving Average Band Touch Sceener. // Based on the GRAB/Bias indicator. // 10/10/2022 by Marcel van Vliet. // Parameters xPrice= Close > 25 and Close < 1000 // The maximum / minimum price of each security. DailyVolume = volume>10000 //Required daily volume. Vol= Volume>average[2](volume) DataConditions= (xPrice and DailyVolume and Vol) //Uptrend C1= High>Low and open<close C2= low<=average[50] (high) C3= close>average[50](high) DataBullish= (C1 and C2) //Downtrend C4= low<high and open>close C5= high>=average[50] (low) C6= close<average[50] (low) DataBearish= (C4 and C5 and C6) screener [(DataBullish and DataConditions) or (DataBearish and DataConditions)]

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

  // Moving Average Band Touch Sceener. // Based on the GRAB/Bias indicator. // 10/10/2022 by Marcel van Vliet. // Parameters xPrice= Close > 25 and Close < 1000 // The maximum / minimum price of each security. DailyVolume = volume>10000 //Required daily volume. Vol= Volume>average[2](volume) DataConditions= (xPrice and DailyVolume and Vol) //Uptrend C1= High>Low and open<close C2= low<=average[50] (high) C3= close>average[50](high) DataBullish= (C1 and C2) //Downtrend C4= low<high and open>close C5= high>=average[50] (low) C6= close<average[50] (low) DataBearish= (C4 and C5 and C6) screener [(DataBullish and DataConditions) or (DataBearish and DataConditions)]

  1 user thanked author for this post.

  Marcel van Vliet

  

  JS

  Participant

  Topics: 27

  Replies: 1802

  Been thanked: 872 times
  10/12/2022 at 8:54 AM #202348
  Marcel van Vliet

  Hi Js,

  Thanks a lot, your rebuild of the screener gave me 88 results, but after changing the DailyVolume back to >1000000 and the Vol >average [2] (volume) back to Vol >average [21] (volume), the screener gave me 15 results to analyse manually after market hours. In combination with the GRaB/Bias indicator it  forms a robust trading system for end of day trading.

  In my next e-book I will explain the whole strategy and the way to trade it.

  To thank you for your help I’ll send it to you for free. Contact me through the TradersTrefpunt.nl website.

  1 user thanked author for this post.

  JS

  

  Marcel van Vliet

  Participant

  Topics: 62

  Replies: 98

  Been thanked: 7 times
• Author
  Posts