Screener using EVWMA, help.

• 08/01/2017 at 6:47 PM #42262
  guillermus69

  Hi, im trying to create a  simple screener using the Elastic Volume Weighted Moving Average. I use it as indicator on my charts, it is included into the ptr indicator and  i didnt have to create it.

  The condition for the screener i want to create is  –>    eVWMa[30]  crosses under WeightedAverage[30]

  the problem i have is it cant find the EvWMA and use it , i have try  to create it with this code  :

   

  //parameters :
  // period = 20

  IF BarIndex < period THEN
  eVWMA = Close
  ELSE
  N = Summation[period](Volume)
  eVWMA = ((N – Volume)*eVWMA + Volume*Close)/N
  ENDIF

   

  • Do i have to create a new indicator  for the eWVMA and then use it on the screener??
  • I need two indicators, for the first one i have no problem,  Indicator1=WeightedAverage[30](close) but what about the EWMa? i have tried Indicator2 = eWMa[30] unsuccesfully
  • Anyone can help me with the code, is just one condition.

  Thank you very much

   

  

  guillermus69

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  08/02/2017 at 10:13 AM #42298
  Nicolas

  You are right, the Elastic Volume Weighted Moving Average is not part of the simplified creation module. You need to add its formula directly into the screener code. Please find below the correct stock screener code that suit your query. Let me know if you need more assistance.

  period=30 IF BarIndex < period THEN eVWMA = Close ELSE N = Summation[period](Volume) eVWMA = ((N - Volume)*eVWMA + Volume*Close)/N ENDIF Indicator1=WeightedAverage[period](close) condition = eVWMA crosses under Indicator1 screener [condition]

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  period=30 IF BarIndex < period THEN eVWMA = Close ELSE N = Summation[period](Volume) eVWMA = ((N - Volume)*eVWMA + Volume*Close)/N ENDIF   Indicator1=WeightedAverage[period](close)   condition = eVWMA crosses under Indicator1   screener [condition]

   

  

  Nicolas

  Keymaster

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  08/02/2017 at 4:05 PM #42326
  guillermus69

  Thanks Nicolas !

  

  guillermus69

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