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QuickFingersLuc
 Posted : Tuesday, December 18, 2018 4:56:51 PM
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Joined: 11/2/2018
Posts: 10

I would like to write a scan to find quick rejection or stuffing candles.. Basically the scan would be looking for a 1min candle that is 2 or 3 times the average length of the past 20 candles.. but the has imediatly retraced to near or close to begining of the move (perhaps within seconds)

So for the extented candle the fomula is: H >L AND (H = C) AND H - L >= 3*AVG(H1 - L1, 20)

But for the retracement of lets say 80% of the body of the candle? What would you suggest?

Luc

Bruce_L
 Posted : Tuesday, December 18, 2018 5:02:41 PM

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

At least 2 times the average of the past 20 candles would be:

`H > L AND H - L >= 2 * AVG(H1 - L1, 20)`

But I am not sure what you want otherwise. Are you lookng for say opening at the low and then retreating back to the bottom 20% of the candle after its "big move"?

`O = L AND STOC1 <= 20 AND H - L >= 2 * AVG(H1 - L1, 20)`

Or maybe the opposite with the open at the high?

`O = H AND STOC1 >= 80 AND H - L >= 2 * AVG(H1 - L1, 20)`

Or are you looking for something else entirely?

-Bruce
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QuickFingersLuc
 Posted : Tuesday, December 18, 2018 11:52:24 PM
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Joined: 11/2/2018
Posts: 10

Bruce,

Thank you, that looks great.. I will try it tomorrow..

Luc

QuickFingersLuc
 Posted : Wednesday, December 19, 2018 1:16:43 PM
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Joined: 11/2/2018
Posts: 10

Bruce,

I am liking this new scan you helped me with.. Now can you please help me figure out how to put an alert on this scanner so that I dont have to stare at it all day long... I just want a bell or something as soon as I have a result in the scan...

Luc

Bruce_L
 Posted : Wednesday, December 19, 2018 1:25:38 PM

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

Using at as scan condition would bring up a list of stocks, but if you want a bell or something, you will need an alert. The following webpages have illustrated step-by-step instructions on how to set up conidtion alerts (and you can go up a level in the help site to get more information on alerts in general).

-Bruce
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