Thank you - I appreciate your comments - and I confirm that I am getting good signals from the Choppiness Index to keep me out of trades - http://tos.mx/0a7Lonz
# cabe1332
# Scan study script to find stocks on sideways accumulation to acceleration phase.
# start code
input price = close;
input length = 10;
def tmp1 = if price > price[1] then price - price[1] else 0;
def tmp2 = if price[1] > price then price[1] - price else 0;
def d2 = sum(tmp1, length);
def d4 = sum(tmp2, length);
def cond = d2 + d4 == 0;
def ad3 = if cond then 0 else (d2 - d4) / (d2 + d4) * 100;
def coeff = 2 / (length + 1) * AbsValue(ad3) / 100;
def asd = compoundValue("visible data" = coeff * price + (if IsNaN(asd[1]) then 0 else asd[1]) * (1 - coeff), "historical data" = price);
def VMA = asd;
def vma8 = sum(volume * close,8) / sum(volume,8);
def vma21 = sum(volume * close,21) / sum(volume,21);
def vma34 = sum(volume * close,34) / sum(volume,34);
def bullish = if vma8 > vma21 and vma21 > vma34 then 1 else 0;
def bearish = if vma8 < vma21 and vma21 < vma34 then 1 else 0;
def distribution = if !bullish and !bearish then 1 else 0;
# bullish
plot accumulationtoacceleration = if (bullish and close>=VMA) and (!bullish[1]) then 1 else 0;
# bearish
#def distributiontoacceleration = if (bearish and close <= VMA) and (!bearish[1]) then 1 else 0;
# end code
Join useThinkScript to post your question to a community of 21,000+ developers and traders.
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
|
Finding an intermediate term high | Questions | 3 | |
|
Need script for finding min of $1 spread | Questions | 1 | |
| C | Finding lowest volume | Questions | 4 | |
|
Finding Highest Bar in Awesome Oscillator | Questions | 1 | |
| S | need help finding a "Current chart reclimb" indicator | Questions | 1 |
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.
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.
