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% move in X days (scan and indicator)

nitrotrader

New member
Hello, I am looking to backtest different setups, and in order to so I'm trying to figure out how to create a Scan and an Indicator that identifies the following:

SCAN: All stocks that increased X% over a 5 day period sometime in the past year (252 days)

Once I have those stocks, I'd like to be able to show when that period occurred using a visual indictor (either an indicator, or a paintbar visual)

Thanks in advance if you're able to provide help.
 
Solution
Hello, I am looking to backtest different setups, and in order to so I'm trying to figure out how to create a Scan and an Indicator that identifies the following:

SCAN: All stocks that increased X% over a 5 day period sometime in the past year (252 days)

Once I have those stocks, I'd like to be able to show when that period occurred using a visual indictor (either an indicator, or a paintbar visual)

Thanks in advance if you're able to provide help.

this is a lower study, to show the trigger signals.
disable the z plot , to use this in a scan. ( put # in front of the 2 lines)

for testing, look at MRK day 2yr chart

Code:
# incres_xper_5days_year_00

# run this on a daily chart

# find stock
# increased x% , over x days
#...
Hello, I am looking to backtest different setups, and in order to so I'm trying to figure out how to create a Scan and an Indicator that identifies the following:

SCAN: All stocks that increased X% over a 5 day period sometime in the past year (252 days)

Once I have those stocks, I'd like to be able to show when that period occurred using a visual indictor (either an indicator, or a paintbar visual)

Thanks in advance if you're able to provide help.

this is a lower study, to show the trigger signals.
disable the z plot , to use this in a scan. ( put # in front of the 2 lines)

for testing, look at MRK day 2yr chart

Code:
# incres_xper_5days_year_00

# run this on a daily chart

# find stock
# increased x% , over x days
# sometime in the past year ,  days/yr = 252
declare lower;

input per_incr = 5.0;
input days_duration = 5;
input days_back = 252;

# % chg in close , over x days
def perchg = round((100*( close - close[days_duration] ) / close ),1);
# compare the % chg to per_incr
def isperchg = if perchg > per_incr then 1 else 0;

# look back 252 days to see if any % increases exist
plot s = if sum(isperchg, days_back) > 0 then 1 else 0;
s.setdefaultcolor(color.yellow);


# each % trigger
plot z = isperchg;
z.setdefaultcolor(color.cyan);

#
 
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