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Request to write a scan formula for pullback Rate this Topic:
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luc2017
Posted : Wednesday, June 6, 2018 8:26:09 AM
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Joined: 6/4/2017
Posts: 3

Condition: someday before (maybe 10 or 20days ago) had a jump up (more than 4%), and then pullback to the price near the daily avarage price of that jump up day.

 

Bruce_L
Posted : Wednesday, June 6, 2018 9:58:52 AM


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Joined: 10/7/2004
Posts: 65,138

I am not sure how you would want to define "daily average price of that jump up day".



-Bruce
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luc2017
Posted : Thursday, June 7, 2018 7:39:14 AM
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Joined: 6/4/2017
Posts: 3

Sorry, I means "daily moving average price of that exact jumping up day"

Bruce_L
Posted : Thursday, June 7, 2018 10:45:01 AM


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Joined: 10/7/2004
Posts: 65,138

I am going to interpret this based on the image as the current price bar being intersected by the midpoint of the jump up day with the jump up day having close more than 3% above the previous close (the low is only 1.67% above the previous high and the close is only 3.46% above the previous close on the day in question). The jump day must have been from 10 to 20 bars ago.

(ABS(H + L - H10 - L10) <= H - L AND C10 > 1.03 * C11) OR (ABS(H + L - H11 - L11) <= H - L AND C11 > 1.03 * C12) OR (ABS(H + L - H12 - L12) <= H - L AND C12 > 1.03 * C13) OR (ABS(H + L - H13 - L13) <= H - L AND C13 > 1.03 * C14) OR (ABS(H + L - H14 - L14) <= H - L AND C14 > 1.03 * C15) OR (ABS(H + L - H15 - L15) <= H - L AND C15 > 1.03 * C16) OR (ABS(H + L - H16 - L16) <= H - L AND C16 > 1.03 * C17) OR (ABS(H + L - H17 - L17) <= H - L AND C17 > 1.03 * C18) OR (ABS(H + L - H18 - L18) <= H - L AND C18 > 1.03 * C19) OR (ABS(H + L - H19 - L19) <= H - L AND C19 > 1.03 * C20) OR (ABS(H + L - H20 - L20) <= H - L AND C20 > 1.03 * C21)



-Bruce
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