15 day uptrend?

[bullman1083]

Hi guys, New to script and trading, Trying to write script for indicator when stock is up 12 of last 15 days, volume up 25% or more in 15 days and price up20% or more in last 15 days. Any help appreciated thanks.

 

[mashume]

input lookback_window = 15;
input minimum_hits = 12;

# define spikes
def volume_spike = if volume > (volume[lookback_window] * 1.25) then 1 else 0;
def price_spike = if close > (close[lookback_window] * 1.20) then 1 else 0;

# define trend -- for each up day, we put 1 in a series and then sum them and see whether there have been 12 or more in the last 15
def price_trend = if close > close[1] then 1 else 0;
def price_in_uptrend = if sum(price_trend, lookback_window) >= minimum_hits then 1 else 0;

# use our defined values to look for hits
plot hit = if volume_spike == 1 AND price_in_uptrend == 1 AND price_spike == 1 then 1 else double.nan;

I honestly have no idea if that will 'hit' anything or not, but the scan should work. Be sure you set it to work on the D (day) aggregation period and hope for the best.

I think I interpreted you volume spike and price spike correctly: today's volume or price is that much larger than the value on the single day 15 days ago. If that's not right, let me know.

-mashume

 

[bullman1083]

Works Great! Thank you, look forward to learning more not much of a coder, thanks again