MA Cross After Low For ThinkOrSwim

[number9]

Good morning. I'm looking for a scan script (daily) that will show me securities where the 2-period SMA crosses above the 9-period SMA after the 52-week low has occurred. Perhaps I over-explained what I was looking for. Thanks

 

[traderLK]

Good morning. I'm looking for a scan script (daily) that will show me securities where the 2-period SMA crosses above the 9-period SMA after the 52-week low has occurred. Perhaps I over-explained what I was looking for. Thanks

Hi number9, I decided to tackle this one today... I ended up approaching it in 3 different ways and the one here seems the best fit to your guidelines.

It plots a large magenta arrow whenever prices during the past week have reached a 52 week low and the SMA2 crosses up over the SMA9. Technically, the inputs are set as "if prices have hit a 260 day low (5 days/week x 52 weeks) during the past 5 trading days (the past week), and the SMA2 crosses up over the SMA9, then print an arrow".

The two SMA lengths and the 52 week low and the number of recent trading days over which a new low has occurred are all adjustable in the inputs.

I set it to be true for a new stock screen with close at least 10 and volume at least 500,000 and got a half dozen hits including the stock shown in the chart below.

# MAcross_after_Low
# number9 request: SMA2 crosses above SMA9 after this week reaches a 52 week low.

input fastLength = 2;
input slowLength = 9;
input distantLength = 260;
input recentLength = 5;
input avg_type = AverageType.SIMPLE;

def fastMA = MovingAverage(avg_type, close, fastLength);
def slowMA = MovingAverage(avg_type, close, slowLength);

plot Cross = fastMA crosses above slowMA and lowest(low, recentLength) <= Lowest(low, distantLength);

Cross.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Cross.SetDefaultColor(Color.MAGENTA);
Cross.SetLineWeight(5);