Custom Scan - VWAP + Momentum Oscillator

TDowns34

New member
Hi - I'm new at this and was hoping someone could help me figure out if what I'm trying to do is possible and if so, where I'm going wrong. I'm intraday trading. Using indicators for VWAP cross and Momentum Oscillator (LazyBear's Intraday Momentum Index). I'm trying to set up a scan (and alerts) for a narrow time frame where the VWAP cross and the Momentum Oscillator's "imi_ob" (Yellow Dot) occur within close proximity of each other (see the blue rectangle on the screenshot). Ideally, I'd like to catch the yellow dot(s) on a steeper upwards swing above the midline, but at this point, I'll settle for anything close. I'm including screenshots (hopefully they show up). If not, I'm using: Intraday_momentum_oscillator()."imi_ob" is true within 8 bars and PriceCrossVWAP()."vwapValue" is true within 8 bars". I also don't know what to set the time aggregate to. Thanks in advance for any suggestions!

tEeh8NR.jpg

bv11QfI.jpg
 

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
What issue do you have with the scanner? Inaccurate result? It appears that you have extended hours enabled for your chart but not for the scanner. Make sure the settings are aligned. Choosing the timeframe is entirely up to you. If you want to scan for signals on the 5 min chart, then you would select 5m under the dropdown menu.
 

TDowns34

New member
It didn't seem to be providing accurate results. I aligned the times to 5min and removed EXT hrs and it seems to be working now. I can run the scan manually and it pulls up a list of 145 stocks. I'll need to narrow it down. It seems to return stocks that had this trigger, but many are from hours ago. I guess I'm misunderstanding the 5m option. I was looking to try to get as close to real-time as possible.
 

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Top