Script for price action that follows an EMA over a period of time.

Mutagenix

New member
I've noticed a pattern that I really want to be able to set a scan criteria for.

I'm working with this piece of code, and it gets the results I'm looking for, but only
for the current candle. I'm trying to add a "time" function to it so it looks for specific
behavior that say the last X candles exhibited.

def EMA = ExpAverage(low, 9);
plot scan = Between(low, EMA - (.03 * EMA), EMA + (.03 * EMA));

As a logical statement, it will look something like this:

"The (low/high) of the last ( ) consecutive candles has occurred within ( )% of the ( )EMA"

I realize this may not be possible due to the limitations of TOS, but I'm hoping you guys
(and gals) can deliver the way you always have.

Much thanks!
 
Solution
Well **** guys, I'm pretty proud of myself. I really dug into this thing last night, determined
to figure it out on my own. Impressed with the results so far. The code is still pretty unrefined
so I'll be making adjustments as I go. I really like this pattern and I'm hoping anyone who
decided to run queries against it will see the same value. Also, I'm pretty new to coding, so
take it easy on me lol.

Geared towards bullish patterns, but swapping >= for <= and > for < will yield bearish results.

Here's what I have so far, pleaese let me know if it can be simplified further:

Code:
#Created by Mutagenix (01/04/2022)
#Intended to identify the early stages of distribution

def EMA = ExpAverage (close, 9);

def money = hl2;

def lucy =...
Well **** guys, I'm pretty proud of myself. I really dug into this thing last night, determined
to figure it out on my own. Impressed with the results so far. The code is still pretty unrefined
so I'll be making adjustments as I go. I really like this pattern and I'm hoping anyone who
decided to run queries against it will see the same value. Also, I'm pretty new to coding, so
take it easy on me lol.

Geared towards bullish patterns, but swapping >= for <= and > for < will yield bearish results.

Here's what I have so far, pleaese let me know if it can be simplified further:

Code:
#Created by Mutagenix (01/04/2022)
#Intended to identify the early stages of distribution

def EMA = ExpAverage (close, 9);

def money = hl2;

def lucy = Between(low, EMA - (.01 * EMA), EMA + (.01 * EMA)); 

def groovy = money >= EMA and EMA > EMA[1];
def groovy1 = money[1] >= EMA[1] and EMA[1] > EMA[2];
def groovy2 = money[2] >= EMA[2] and EMA[2] > EMA[3];
def groovy3 = money[3] >= EMA[3] and EMA[3] > EMA[4];
def groovy4 = money[4] >= EMA[4] and EMA[4] > EMA[5];

plot scan = lucy is true and groovy is true and groovy1 is true and 
groovy2 is true and groovy3 and groovy4 is true;
 
Last edited:
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