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Filtering out incomplete candles Rate this Topic:
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frangonve
Posted : Saturday, August 29, 2015 12:49:45 AM
Registered User
Joined: 7/6/2015
Posts: 5

Hello,

Is is possible to exclude from EasyScans calculations the currently open (incomplete) candle?

Thanks in advance.

StockGuy
Posted : Saturday, August 29, 2015 10:09:36 AM

Administration

Joined: 9/30/2004
Posts: 9,187

All depends on what you're scanning for.  You can create formulas which do not use the latest candle in their calculations.  Give us more details, it might be possible.

frangonve
Posted : Saturday, August 29, 2015 10:42:31 AM
Registered User
Joined: 7/6/2015
Posts: 5

Thanks for your answer:

As an example if I'm scanning for a outside bar:

H>H1AND

L<L1

When the incomplete outside bar closes and a new bar opens, the outside bar is no longer shown in the list, but it can be still tradable for hours or days (in the weekly/monthly timeframes).

I know that I can also scan for a closed outside bar:

H1>H2AND

L1<L2

But then I have to keep and switch two different condition sets.

I know that I can use OR to see both the complete and incomplete outside bar:

(H>H1AND

L<L1)OR

(H1>H2AND

L1<L2)

But then I get apples (complete bars)  and oranges (incomplete bars) in the same list.

If there were a switch to omit easily the incomplete candles from the scanning  I could keep a single set of conditions and getting a more clear scanning result.

Cheers

 

Francisco

 

diceman
Posted : Saturday, August 29, 2015 11:06:39 AM
Registered User
Joined: 1/28/2005
Posts: 6,049


What about this?

ABS(H1>H2ANDL1<L2)*.5+ABS(H>H1ANDL<L1)

ZERO=no outside

.5=last complete outside

1= incomplete outside

1.5= complete and incomplete outside

 

You could put it in a column and sort.

 

 

Thanks

 

 

 

 
frangonve
Posted : Saturday, August 29, 2015 2:55:07 PM
Registered User
Joined: 7/6/2015
Posts: 5

QUOTE (diceman)


What about this?

ABS(H1>H2ANDL1<L2)*.5+ABS(H>H1ANDL<L1)

ZERO=no outside

.5=last complete outside

1= incomplete outside

1.5= complete and incomplete outside

 

You could put it in a column and sort.

 

 

Thanks

 

 

 

 

Good idea. Thanks!

I need to sort by another additional value like distance from low of the bar to a moving average divided by range of the bar (Reward/Risk)  so I can flag all rows with OutBar equals to 0.5 and 1.5 (complete) and sort them with a column

(L1-XAVGC18.1)/(H1-L1)

Then I'll flag all rows with OutBar equals to 1 and sort them with another column

(L-XAVGC18)/(H-L)

Anyway being able to easily exclude from EasyScans and sorting calculations the currently open (incomplete) candle would simplify things.

 

Cheers

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