Overbought and Oversold Stochastic Screener

• 11/25/2020 at 12:20 AM #151469
  sfjeelani

  Dear All

  Can someone please point me in the right direction on finding  Overbought and Oversold conditions for Stochastic indicator. I have just found stochastic and MACD crossover indicator, would be great if screener could pick overbought and oversold conditions for this.

  https://www.prorealcode.com/topic/stochastic-macd-oscillator/

  Many thanks

   

  

  sfjeelani

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  11/25/2020 at 1:05 AM #151470
  robertogozzi

  There you go:

  LookBack = 20 if barindex >= 26 then LL = lowest[LookBack](low) HH = highest[LookBack](high) StEMA12 = (Average[12,1](close) - LL) / (HH - LL) StEMA26 = (Average[26,1](close) - LL) / (HH - LL) StMACD = (StEMA12 - StEMA26) * 100 SigLine = Average[9,1](StMACD) hhmacd = max(sigline,max(hhmacd,stmacd)) llmacd = min(sigline,min(llmacd,stmacd)) macdperc = ((stmacd-llmacd)/(hhmacd-llmacd))*100 sigperc = ((sigline-llmacd)/(hhmacd-llmacd))*100 endif Result = 0 IF macdperc >= 80 THEN //OverBought Result = 1 ELSIF macdperc <= 20 THEN //OverSold Result = 2 ENDIF SCREENER[Result](Result AS "1=Ob, 2=Os")

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  LookBack = 20 if barindex >= 26 then    LL       = lowest[LookBack](low)    HH       = highest[LookBack](high)    StEMA12  = (Average[12,1](close) - LL) / (HH - LL)    StEMA26  = (Average[26,1](close) - LL) / (HH - LL)    StMACD   = (StEMA12 - StEMA26) * 100    SigLine  = Average[9,1](StMACD)    hhmacd   = max(sigline,max(hhmacd,stmacd))    llmacd   = min(sigline,min(llmacd,stmacd))    macdperc = ((stmacd-llmacd)/(hhmacd-llmacd))*100    sigperc  = ((sigline-llmacd)/(hhmacd-llmacd))*100 endif Result = 0 IF macdperc >= 80 THEN            //OverBought    Result = 1 ELSIF macdperc <= 20 THEN         //OverSold    Result = 2 ENDIF SCREENER[Result](Result AS "1=Ob, 2=Os")

   

  

  robertogozzi

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  11/25/2020 at 8:04 AM #151479
  sfjeelani

  Many thanks Roberto.

  When I run, it shows syntax error: This variable is not used in the code:sigperc

  Is there I am doing something wrong?

   

   

   

  

  sfjeelani

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  11/25/2020 at 8:14 AM #151481
  Vonasi

  Just delete line 12

  

  Vonasi

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