Scan request: current price is down 1.5 times of ATR

[Musk335im3]

Hi all. I may have missed it but I tried looking for something similar.

Scan for:
1. Daily aggregation
2. Current price is down from previous day close and the absolute difference between the two is at least 1.5 times of ATR


Thanks guys.

BUMPED...

Just want to push this up as I'm hoping one of the code OG's here can give me an idea how to make this one.

Thanks all.

 

[Joshua]

Close[1] - Close >= ATR() * 1.5

 

[sonnetss108]

Hi all. I may have missed it but I tried looking for something similar.

Scan for:
1. Daily aggregation
2. Current price is down from previous day close and the absolute difference between the two is at least 1.5 times of ATR


Thanks guys.

BUMPED...

Just want to push this up as I'm hoping one of the code OG's here can give me an idea how to make this one.

Thanks all.

Try this....


input length = 14;

input averageType = AverageType.WILDERS;

def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);


# Calculate the difference between the current price and the previous day's close
def PriceDiff = close - close[1];

# Calculate the threshold as 1.5 times the ATR
def Threshold = 1.5 * ATR;

# Define the scan criteria
plot ScanCriteria = PriceDiff < 0 and AbsValue(PriceDiff) >= Threshold;

 

[Musk335im3]

@sonnetss108 @Joshua

Thanks brothers. Both worked.

Really appreciate it.