ProScreener Price Action Patterns

• 01/24/2020 at 11:05 PM #117777
  guru78

  Hello everyone,

  congratulations for the forum. I’m not good at proScreener programming.
  Could someone help me for a screener on price action figures (Pin Bar, Engulfing pattern, Inside bar, etc.).

  Thanks in advance 🙂

  

  guru78

  Participant

  Topics: 3

  Replies: 3

  Been thanked: 1 time
  01/24/2020 at 11:20 PM #117779
  robertogozzi

  You posted in the French forum but you wrote in English.

  Please use the correct forum next time.

  I moved it to the English forum.

  Let’s start with a Pin bar, can you post the correct definition of Pin bar or a link to it?

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17138

  Been thanked: 4032 times
  01/24/2020 at 11:24 PM #117780
  robertogozzi

  I just deleted another duplicate post, still in the wrong forum!

  Plese do NOT double post, no matter what language you are using.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17138

  Been thanked: 4032 times
  01/25/2020 at 2:31 PM #117803
  robertogozzi

  I found this definition of a PinBar at https://www.learntotradethemarket.com/forex-trading-strategies/pin-bars-forex-trading-definition, this is the screener (unused variables have been commented out):

  PinBar screener

  // definition of a candlestick // Body = abs(close - open) UpperWick = high - max(open,close) LowerWick = min(open,close) - low //Wicks = range - Body //Bullish = close > open //Bearish = close < open // // Definition of a PinBar //https://www.learntotradethemarket.com/forex-trading-strategies/pin-bars-forex-trading-definition // PB = body <= (range * 0.10) //Body must be smaller than or equal to 10% of the candle's range (very small body) bullPB = LowerWick >= (range * 0.67) //Bullish PinBars should have a lower wick greater than or equal to 67% of range bearPB = UpperWick >= (range * 0.67) //Bearish PinBars should have a upper wick greater than or equal to 67% of range BullishPB = PB and bullPB BearishPB = PB and bearPB PinBar = 0 IF BullishPB THEN PinBar = 1 ELSIF BearishPB THEN PinBar = 2 ENDIF SCREENER[PinBar](PinBar as "1=↑,2=↓")

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

  // definition of a candlestick // Body      = abs(close - open) UpperWick = high - max(open,close) LowerWick = min(open,close) - low //Wicks   = range - Body //Bullish = close > open //Bearish = close < open // // Definition of a PinBar //https://www.learntotradethemarket.com/forex-trading-strategies/pin-bars-forex-trading-definition // PB        = body <= (range * 0.10)      //Body must be smaller than or equal to 10% of the candle's range (very small body) bullPB    = LowerWick >= (range * 0.67) //Bullish PinBars should have a lower wick greater than or equal to 67% of range bearPB    = UpperWick >= (range * 0.67) //Bearish PinBars should have a upper wick greater than or equal to 67% of range BullishPB = PB and bullPB BearishPB = PB and bearPB PinBar    = 0 IF BullishPB THEN    PinBar = 1 ELSIF BearishPB THEN    PinBar = 2 ENDIF SCREENER[PinBar](PinBar as "1=↑,2=↓")

  It’s fairly simple to add other patterns, or make a new screener for each additional pattern.

  Should you need further help, let us know.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17138

  Been thanked: 4032 times
  01/25/2020 at 2:33 PM #117804
  robertogozzi

  Additional filters could be added to make sure a PinBar has formed at new HGHs or LOWs.

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17138

  Been thanked: 4032 times
  01/25/2020 at 2:41 PM #117805
  guru78

  Thank you very much.
  I can’t wait to try it on Monday morning for the scalping on the dax

  

  guru78

  Participant

  Topics: 3

  Replies: 3

  Been thanked: 1 time
• Author
  Posts