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Gus_17
 Posted : Tuesday, September 12, 2017 6:01:57 PM
Registered User
Joined: 9/10/2017
Posts: 3

Hello Bruce,

I'd appreciate if you could help me plot the following on an EasyScan setup:

- stock is up on the day

- at least three green 5-min candles

- price change of the three green candles needs to be at least \$0.50

- decreasing volume for the three 5-min candles

Much appreciated!

Bruce_L
 Posted : Wednesday, September 13, 2017 9:57:28 AM

Worden Trainer

Joined: 10/7/2004
Posts: 63,005

You will want to create a daily Condition Formula for the stock is up on the day portion. If you mean the close is higher than the previous close.

C > C1

If you mean the close is above the open.

C > O

If you require both.

C > O AND C > C1

You will add this daily Condition Formula to the same EasyScan as another Condition Formula set to use a 5 minute time frame instead.

If Color Based On is set to Net Change, a green candle is when:

C >= C1

If Color Based On is set to Open vs Close, a green candle is when:

C >= O

The following assumes Color Based on is set to Open vs Close since this is them more common setting for candles, but you can change the C >= O to C >= C1 if Color Based On is set to Net Change instead.

TrueInRow(C >= O AND V < V1, 3) = 3 AND C >= C3 + 50 / 100

This also assumes you mean green candles and not up condles. You can get rid of the equality sign in the C >= O or C >= C1 in order to eliminate cases where price is not actually up.

-Bruce
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