To build a screener for any time frames using structure breaks

• 03/18/2024 at 7:35 PM #229976
  venugopal

  Hi Nicolas or Anyone,

  Can you please help me build this below logic into a screener for pro real time. I want the screener to give me if triangle appears on current or previous candle for any timeframes. Mostly I will using it on Weekly timeframes. Can anyone please help. Many thanks!

   

  ———————————-

  // This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/

  // © VenugopalAru

  //@version=5

  indicator(“Structural breaks”, overlay = true, max_boxes_count=500, max_lines_count=500)

  pivotLookup  = input.int(defval=1, minval=1, maxval=5,title=’Pivot Lookup’, group=’Pivots’, tooltip=’Minimum = 1, Maximum = 5′)

  plotPPDD = input.bool(defval=true, title=”Plot PPDD OB’s”, group=’Qualitative indicators’, tooltip=’Premium Premium Discount Discount (PPDD) is an OB formed after liquidity sweep. It will show up by default as a triangle (Bull ▲ / Bear ▼). Also PPDD1 (by deafult maked with a x-cross ⨯) which is a weak OB formed after liquidity sweep, that fails to completely engulf the high/low, but closes beyond the trapped candles open price.’)

  ppddBullColor = input.color(defval=color.new(color.green, 0), title=”Bullish PPDD OB’s Color”, group=’Qualitative indicators’, inline=’PPDD Color’)

  ppddBearColor = input.color(defval=color.new(color.red, 0), title=”Bearish PPDD OB’s Color”, group=’Qualitative indicators’, inline=’PPDD Color’)

  //Functions

  isUp(index) =>

      close[index] > open[index]

  isDown(index) =>

      close[index] < open[index]

  isObUp(index) =>

      isDown(index + 1) and isUp(index) and close[index] > high[index + 1]

  isObDown(index) =>

      isUp(index + 1) and isDown(index) and close[index] < low[index + 1]

  //////////////////// Pivots ////////////////////

  hih = ta.pivothigh(high, pivotLookup, pivotLookup)

  lol = ta.pivotlow(low , pivotLookup, pivotLookup)

  top = ta.valuewhen(hih, high[pivotLookup], 0)

  bottom = ta.valuewhen(lol, low [pivotLookup], 0)

  //////////////////// Premium Premium & Discount Discount //////////////////

  brearishTriangle = plotPPDD and isObDown(0) and ((math.max(high, high[1]) > top and close < top) or (math.max(high, high[1]) > top[1] and close < top[1]))

  bullishTriangle = plotPPDD and isObUp(0) and ((math.min(low, low[1]) < bottom and close > bottom) or (math.min(low, low[1]) < bottom[1] and close > bottom[1]))

  plotshape(brearishTriangle, “Bearish PPDD OB”, style=shape.triangledown , location=location.abovebar, color=ppddBearColor, size=size.tiny)

  plotshape(bullishTriangle, “Bullish PPDD OB”, style=shape.triangleup , location=location.belowbar, color=ppddBullColor, size=size.tiny)

  ================================================

  Regards,

  Venu

   

   

  

  venugopal

  Participant

  Topics: 2

  Replies: 2

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  03/19/2024 at 1:25 PM #230026
  Iván

  Here is the code:

  //////////////////////////////////////////////////////////////// //PRC_Structural Breaks Screener //version = 0 //19.03.24 //Iván González @ www.prorealcode.com //Sharing ProRealTime knowledge //////////////////////////////////////////////////////////////// //------------Inputs-----------------------------------------// prd = 1 //pivot length //------------Bullish and bearish conditions-----------------// isObUp = close[1]<open[1] and close>open and close > high[1] isObDown = close[1]>open[1] and close < open and close < low[1] //------------Pivots low-------------------------------------// if low > low[prd] and lowest[prd](low) > low[prd] and low[prd] < lowest[prd](low)[prd+1] then $pl[z+1] = low[prd] $plx[z+1] = barindex[prd] z = z + 1 endif //------------Pivots high------------------------------------// if high < high[prd] and highest[prd](high)<high[prd] and high[prd]>highest[prd](high)[prd+1] then $ph[t+1]=high[prd] $phx[t+1]=barindex[prd] t=t+1 endif //----------Bearish Signal-----------------------------------// bearishTriangle = isObDown and ((max(high, high[1]) > $ph[t] and close < $ph[t]) or (max(high, high[1]) > $ph[t][1] and close < $ph[t][1])) //----------Bullish Signal-----------------------------------// bullishTriangle = isObUp and ((min(low, low[1]) < $pl[z] and close > $pl[z]) or (min(low, low[1]) < $pl[z][1] and close > $pl[z][1])) //----------Screener condition-------------------------------// screener[bearishTriangle or bullishTriangle]

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  //////////////////////////////////////////////////////////////// //PRC_Structural Breaks Screener //version = 0 //19.03.24 //Iván González @ www.prorealcode.com //Sharing ProRealTime knowledge //////////////////////////////////////////////////////////////// //------------Inputs-----------------------------------------// prd = 1 //pivot length //------------Bullish and bearish conditions-----------------// isObUp = close[1]<open[1] and close>open and close > high[1] isObDown = close[1]>open[1] and close < open and close < low[1] //------------Pivots low-------------------------------------// if low > low[prd] and lowest[prd](low) > low[prd] and low[prd] < lowest[prd](low)[prd+1] then $pl[z+1] = low[prd] $plx[z+1] = barindex[prd] z = z + 1 endif //------------Pivots high------------------------------------// if high < high[prd] and highest[prd](high)<high[prd] and high[prd]>highest[prd](high)[prd+1] then $ph[t+1]=high[prd] $phx[t+1]=barindex[prd] t=t+1 endif //----------Bearish Signal-----------------------------------// bearishTriangle = isObDown and ((max(high, high[1]) > $ph[t] and close < $ph[t]) or (max(high, high[1]) > $ph[t][1] and close < $ph[t][1])) //----------Bullish Signal-----------------------------------// bullishTriangle = isObUp and ((min(low, low[1]) < $pl[z] and close > $pl[z]) or (min(low, low[1]) < $pl[z][1] and close > $pl[z][1])) //----------Screener condition-------------------------------//   screener[bearishTriangle or bullishTriangle]

  

  Iván

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  03/19/2024 at 1:48 PM #230027
  venugopal

  Iván wrote:

  Here is the code:

  ////////////////////////////////////////////////////////////////<br /> //PRC_Structural Breaks Screener<br /> //version = 0<br /> //19.03.24<br /> //Iván González @ <a href="http://www.prorealcode.com">http://www.prorealcode.com</a><br /> //Sharing ProRealTime knowledge<br /> ////////////////////////////////////////////////////////////////<br /> //————Inputs—————————————–//<br /> prd = 1 //pivot length<br /> //————Bullish and bearish conditions—————–//<br /> isObUp = close[1]<open[1] and close>open and close > high[1]<br /> isObDown = close[1]>open[1] and close < open and close < low[1]<br /> //————Pivots low————————————-//<br /> if low > low[prd] and lowest[prd](low) > low[prd] and low[prd] < lowest[prd](low)[prd+1] then<br /> $pl[z+1] = low[prd]<br /> $plx[z+1] = barindex[prd]<br /> z = z + 1<br /> endif<br /> //————Pivots high————————————//<br /> if high < high[prd] and highest[prd](high)<high[prd] and high[prd]>highest[prd](high)[prd+1] then<br /> $ph[t+1]=high[prd]<br /> $phx[t+1]=barindex[prd]<br /> t=t+1<br /> endif<br /> //———-Bearish Signal———————————–//<br /> bearishTriangle = isObDown and ((max(high, high[1]) > $ph[t] and close < $ph[t]) or (max(high, high[1]) > $ph[t][1] and close < $ph[t][1]))<br /> //———-Bullish Signal———————————–//<br /> bullishTriangle = isObUp and ((min(low, low[1]) < $pl[z] and close > $pl[z]) or (min(low, low[1]) < $pl[z][1] and close > $pl[z][1]))<br /> //———-Screener condition——————————-//</p> <p>screener[bearishTriangle or bullishTriangle]

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  //////////////////////////////////////////////////////////////// //PRC_Structural Breaks Screener //version = 0 //19.03.24 //Iván González @ http://www.prorealcode.com //Sharing ProRealTime knowledge //////////////////////////////////////////////////////////////// //————Inputs—————————————–// prd = 1 //pivot length //————Bullish and bearish conditions—————–// isObUp = close[1]<open[1] and close>open and close > high[1] isObDown = close[1]>open[1] and close < open and close < low[1] //————Pivots low————————————-// if low > low[prd] and lowest[prd](low) > low[prd] and low[prd] < lowest[prd](low)[prd+1] then $pl[z+1] = low[prd] $plx[z+1] = barindex[prd] z = z + 1 endif //————Pivots high————————————// if high < high[prd] and highest[prd](high)<high[prd] and high[prd]>highest[prd](high)[prd+1] then $ph[t+1]=high[prd] $phx[t+1]=barindex[prd] t=t+1 endif //———-Bearish Signal———————————–// bearishTriangle = isObDown and ((max(high, high[1]) > $ph[t] and close < $ph[t]) or (max(high, high[1]) > $ph[t][1] and close < $ph[t][1])) //———-Bullish Signal———————————–// bullishTriangle = isObUp and ((min(low, low[1]) < $pl[z] and close > $pl[z]) or (min(low, low[1]) < $pl[z][1] and close > $pl[z][1])) //———-Screener condition——————————-// screener[bearishTriangle or bullishTriangle]

  Hi Ivan, thanks for responding. I tried running this screener looks like its not working, it is not returning me any stocks both on weekly or daily. Can you please check it.

  Regards,

  Venu

  

  venugopal

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  03/19/2024 at 3:12 PM #230039
  Iván

  Hi
  The code works properly.
  You can see in this post https://www.prorealcode.com/prorealtime-market-screeners/structural-breaks-screener/ the results in USA Tech 600.

  

  Iván

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