Entry based in candle and ema

[Ismelloa]

Hi everyone I tried to build a scam but I don't know how but the strategy would be a scam with these parameters

Find stocks where the current price is bellow the close of the last 2 candles and these last 2 candles are bellow the 8 ema and 20 ema.

 

[SleepyZ]

Hi everyone I tried to build a scam but I don't know how but the strategy would be a scam with these parameters

Find stocks where the current price is bellow the close of the last 2 candles and these last 2 candles are bellow the 8 ema and 20 ema.

Put this in the scanner. I used the above description and also the images as guides. Make any changes that you want.

#Find stocks where the current price is bellow the close of the last 2 candles and these last 2 candles are bellow the 8 ema and 20 ema.

input len1 = 8;
input len2 = 20;
def ema1 = ExpAverage(close, len1);
def ema2 = ExpAverage(close, len2);

def close_before_last2close_above_ema1_or_ema2 = close[3] > ema1[3] or close[3] > ema2[3];

def last2closes_below_ema1_and_ema2 = close[1] < ema1[1] and close[1] < ema2[1] and
                                      close[2] < ema1[2] and close[2] < ema2[2];

def currentclose_below_last2closes  = close < close[1] and close < close[2];

def currenthigh_below_ema1_ema2 = high < ema1 and high < ema2;

plot scan = close_before_last2close_above_ema1_or_ema2 and
            last2closes_below_ema1_and_ema2 and
            currenthigh_below_ema1_ema2 and
            currentclose_below_last2closes;
#scan.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);

#

 

[Ismelloa]

Put this in the scanner. I used the above description and also the images as guides. Make any changes that you want.

Hi Sleepyz I appreciate your help. if I want to change the scan from 5 min to scan 15 min. where would I need to change that?

another question. I just did not get this line of code. why did u add this one?
def close_before_last2close_above_ema1_or_ema2 = close[3] > ema1[3] or close[3] > ema2[3];

 

[SleepyZ]

Hi Sleepyz I appreciate your help. if I want to change the scan from 5 min to scan 15 min. where would I need to change that?

another question. I just did not get this line of code. why did u add this one?
def close_before_last2close_above_ema1_or_ema2 = close[3] > ema1[3] or close[3] > ema2[3];

To change the scan timeframe do it in the scanner.

As far as that def, I was trying to identify that the last close was actually the lower than the previous clos and all of your other conditions, so I aggregated them in one def.

 

[Ismelloa]

To change the scan timeframe do it in the scanner.
View attachment 20584


As far as that def, I was trying to identify that the last close was actually the lower than the previous clos and all of your other conditions, so I aggregated them in one def.

it shouldn't be close[3] < ema1[3] or close[3] < ema2[3];? becuase I am not looking if close above only bellow