Scanner to Look for stocks that have gapped above or below 200MA (and ideally 200MA is flat)?

[JoeSD]

I've looked and can find nothing... I d/n code so hoping someone has done this or it can be done. Thanks. Joe

 

[Joshua]

Try this. The gap part is easy, and can be easily modified. The moving average being flat is more tricky, its relative and arbitrary. In this, its using a sample of the average's slope as a percentage of the average itself. There are other ways to go about this as well.

Input Bias = {default bull, bear};
Input Slope = .25;
plot Scan;
def SMA =
    simpleMovingAvg(close,200)
;
def Slp =
    (Absvalue(SMA - SMA[3]) / sma[3]) * 100 < Slope;
;
Switch (Bias) {
    Case Bull:
        Scan = High[1] < SMA
        and low > SMA
        and Slp
        ;   
    Case Bear:
        Scan = Low[1] > SMA
        and High < SMA
        and Slp
        ;
    ;   
}
Scan.setPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_UP);

 

[JoeSD]

Try this. The gap part is easy, and can be easily modified. The moving average being flat is more tricky, its relative and arbitrary. In this, its using a sample of the average's slope as a percentage of the average itself. There are other ways to go about this as well.

Input Bias = {default bull, bear};
Input Slope = .25;
plot Scan;
def SMA =
    simpleMovingAvg(close,200)
;
def Slp =
    (Absvalue(SMA - SMA[3]) / sma[3]) * 100 < Slope;
;
Switch (Bias) {
    Case Bull:
        Scan = High[1] < SMA
        and low > SMA
        and Slp
        ;  
    Case Bear:
        Scan = Low[1] > SMA
        and High < SMA
        and Slp
        ;
    ;  
}
Scan.setPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_UP);

Joshua,

thank you so much and I will give it a shot. Much appreciated. Joe

 

[JoeSD]

Try this. The gap part is easy, and can be easily modified. The moving average being flat is more tricky, its relative and arbitrary. In this, its using a sample of the average's slope as a percentage of the average itself. There are other ways to go about this as well.

Input Bias = {default bull, bear};
Input Slope = .25;
plot Scan;
def SMA =
    simpleMovingAvg(close,200)
;
def Slp =
    (Absvalue(SMA - SMA[3]) / sma[3]) * 100 < Slope;
;
Switch (Bias) {
    Case Bull:
        Scan = High[1] < SMA
        and low > SMA
        and Slp
        ;  
    Case Bear:
        Scan = Low[1] > SMA
        and High < SMA
        and Slp
        ;
    ;  
}
Scan.setPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_UP);

Joshua,

Can this be turned into a scan that I can put on a watchlist? Tied to watch YouTube videos how to do this but since it is a study I was not sure how to do it. Thanks. Joe

 

[Joshua]

 

[JoeSD]

Joshua,

took a shot at it and set it on the daily within 2 bars (bull) and ran the scan and here is what the results showed (I named it "Scan_for_Gappers)200SMA"-

/Users/josephlavelle/Pictures/Snagit/Autosaved Captures.localized/2022-04-02_10-31-07.snagproj


Don't know if you will be able to see the link...? I tried for 20 minutes to figure out how to just insert a screenshot of the scan results into the message and this was the best I could figure out.

Thanks again so much. This is really confusing for me.


Joe

 

[Joshua]

Get a little program called "green shot" its free.

You can just drag an area with your mouse.

There is an options to auto-upload to imgur, and it copies the link to your clipboard.

You can post a screen cap in like 2 seconds.

 

[JoeSD]

Thanks, I tried with both Snagit, and apple screenshots but this message system in here (usethinkscript) wouldn't let me post either. I will try greenshot and see if that works. Joe

 

[JoeSD]

Thanks, I tried with both Snagit, and apple screenshots but this message system in here (usethinkscript) wouldn't let me post either. I will try greenshot and see if that works. Joe

Actually, just looked at greenshot and it is for windows and I am on a Mac...