scanning for pullback to a moving average, with conditions

rastas

New member
Can someone help me set up a thinkorswim scanner that finds the following conditions, shown in photo? (and the opposite conditions for short). Thank you in advance!
pullback.png
 
Try this


Code:
def ema45 = ExpAverage(close, 45);
def ema105 = ExpAverage(close, 105);
def crossUP = EMA45 > EMA105;


# Check for EMA45 bounce
def isBounce = low < EMA45 and CLOSE > EMA45;
# Scan criteria
plot Scan = isBounce and crossUP;
 

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The first code in post #2 is appreciated, but it just finds any old pullback/bounce (and uses ema105 instead of the specified sma 105) and not the first pullback bounce. I'm looking to scan for the following, shown in photo in post #1:

1. 45 ema crosses 105 SMA recently, within xx bars
2. price looks like an upsidedown "J": it rose quickly in spectacular fashion, than pullback hard to the 45 ema.
3. price is equal to or crosses below 45 ema
4. this is the first pullback/touch of the 45 ema after price has recently crossed above the 105 SMA

All this is shown in photo. If anyone can help me create a scan for this its much appreciated!
 
Last edited:
The first code in post #2 is appreciated, but it just finds any old pullback/bounce (and uses ema105 instead of the specified sma 105) and not the first pullback bounce. I'm looking to scan for the following, shown in photo in post #1:

1. 45 ema crosses 105 SMA recently, within xx bars
2. price looks like an upsidedown "J": it rose quickly in spectacular fashion, than pullback hard to the 45 ema.
3. price is equal to or crosses below 45 ema
4. this is the first pullback/touch of the 45 ema after price has recently crossed above the 105 SMA

All this is shown in photo. If anyone can help me create a scan for this its much appreciated!
This scan will catch the upward crossing within 20 bars and bounce. Difficult to get the no 4 as it will get all pullback after upward crossing. I got some valuable results though


# #########################################################
Code:
def ema45 = ExpAverage(close, 45);
def ema105 = SIMPLeMovingAvg(close, 105);
def crossUP = EMA45 crosses above EMA105;


# EMA Bounce
# Check for EMA45 bounce
def isBounce = low < EMA45 and CLOSE > EMA45;
plot Scan = crossUP WITHIN 20 bars and isBounce;





 

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