Screener for pullback swing trading

• 05/08/2017 at 9:34 PM #34872
  Niall01

  Hi All,

  I’m hoping to get some help in coding a screener for a basic strategy:

  • Find a stock/ currency pair that has reached a new 40 day high
  • The next three days should have lower closing prices i.e day 1 close lower than 40 day high; day two close lower than day 1 close etc
  • On the fourth day the closing price must close higher than the closing price on the third day and must close within the upper 20% of the daily trading range

  This is a “long” strategy. “Short” would just be reversed.

  I’m happy fro this to be shared in the community if it proves valuable

  Thanks for any help.

  -N

  

  Niall01

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  05/09/2017 at 11:32 AM #34920
  Nicolas

  Hi Niall,

  This is a first attempt, not sure if it suits correctly your query, please make tests and give feedback. Many thanks.

  //Find a stock/ currency pair that has reached a new 40 day high c1 = high[4]=highest[40](high)[4] //The next three days should have lower closing prices i.e day 1 close lower than 40 day high; day two close lower than day 1 close etc c2 = summation[3](close<close[1])[1]=3 //On the fourth day the closing price must close higher than the closing price on the third day and must close within the upper 20% of the daily trading range c3 = close>close[1] and (close-low)/range>0.8 screener [c1 and c2 and c3]

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  //Find a stock/ currency pair that has reached a new 40 day high c1 = high[4]=highest[40](high)[4]   //The next three days should have lower closing prices i.e day 1 close lower than 40 day high; day two close lower than day 1 close etc c2 = summation[3](close<close[1])[1]=3   //On the fourth day the closing price must close higher than the closing price on the third day and must close within the upper 20% of the daily trading range c3 = close>close[1] and (close-low)/range>0.8   screener [c1 and c2 and c3]

   

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  manel

  

  Nicolas

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  05/10/2017 at 8:59 AM #35005
  Niall01

  Hi Nicholas,

  Thank you very much for this. I’ve run it through a variety of exchanges that ProReal Time Offer and found some ideal candidates. I’ll tweak a bit of the code and see if I can get a screen for shorts too.

  best wishes,

   

  Niall

  

  Niall01

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  05/10/2017 at 9:45 AM #35016
  Nicolas

  ooh ok. Please share your code here for the benefit of everyone and to complete the topic with a “global” screener code (long/short).

  

  Nicolas

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  05/17/2017 at 9:44 PM #35901
  Niall01

  Hi All,

  Been busy with my day job so apologies if this is a bit late. This is what I’ve got for shorts:

  //Find a stock/ currency pair that has reached a new 40 day low

  c1 = low[4]=lowest[40](low)[4]

  //The next three days should have higher closing prices i.e day 1 close higher than 40 day low; day two close higher than day 1 close etc

  c2 = summation[3](close>close[1])[1]=3

  //On the fourth day the closing price must close lower than the closing price on the third day and must close within the upper 20% of the daily trading range

  c3 = close<close[1] and (close–low)/range>0.8

  screener [c1 and c2 and c3]

  Rules:

  Short

  Place an entry  0.03 pips/ ticks below the lowest price traded on day four, the day the instrument turned back around and traded to the downside.  Place a stop loss  0.03 cents above the highest high reached on the third day, two days before your entry, the pivot high point.

  Long

  Place an entry  0.03 pips/ ticks above the highest price traded on day four, the day the instrument  traded to the upside.  Place a stop loss  0.03 cents below the lowest low reached on the third day, two days before your entry, the pivot low point.

  Hope that’s of use.

  Niall01

  

  Niall01

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