Simple breakout screener issues

• 12/06/2020 at 5:11 AM #152700
  Huebert

  Hi there

  I’m attempting to write a weekly break up screener based on the following criteria but I’m not seeing the desired outcome with the breakout criteria – e.g I’m seeing results with the current candle below the previous candle

  What am I doing wrong?

  • Break out to new 20 week highs – breaking up ideally from consolidation from the previous 20 bars
  • Rate of change above 30
  • Price range between $.10 and $5

  Here is my code

  c1 = highest[21](close) [1] c2 = close > c1 [1] c3 = ROC[20] > 30 c4 = close >= 0.10 AND close <= 5 c5 = close >= open screener[c1 and c2 and c3 and c4 and c5]

  1 2 3 4 5 6 7 8

  c1 = highest[21](close) [1] c2 = close > c1 [1] c3 = ROC[20] > 30 c4 = close >= 0.10 AND close <= 5 c5 = close >= open   screener[c1 and c2 and c3 and c4 and c5]

   

  Thanks!

   

  

  Huebert

  Participant

  Topics: 2

  Replies: 1

  Been thanked: 0 times
  12/06/2020 at 11:04 AM #152722
  robertogozzi

  Try with this line 2:

  close > c1

  1	close > c1

  line 1 already references the previous bar, thus in your code you refer to the one preceding the previous one.

   

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17398

  Been thanked: 4189 times
• Author
  Posts