To Scan stocks when the plot line changes Green to Red


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Hi, this ATR_Mod was provided by one of our members and what I want is to customize a SCAN when the PLOT Line changes from GREEN to RED. I tried to build when ATRM crosses zero within 1 bar but the results generated is not accurate.

Request if anyone can help me with this.

###  ATR Mod   ###
declare lower;
input length = 20;
input length2 = 5;
input averageType = AverageType.WILDERS;
def ATR = MovingAverage(averageType, TrueRange(high, close, low), length);
def ATRA = MovingAverage(averageType, atr, length2);
plot zeroline=0;
plot ATRM = ((ATR- ATRA) /close)*100;
ATRM.AssignValueColor(if ATRM >= 0 then Color.downtick else Color.uptick);

Take a look at the last line:

ATRM.AssignValueColor(if ATRM >= 0 then Color.downtick else Color.uptick);

If ATRM (the ATR line) is higher than or equal to 0, then it will turn red else, it will stay green. Follow that condition to set up your scanner.

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@BenTen Thanks for the prompt reply. I think I found the error why i am not getting the right scan results. I have used the condition to find the ATRM "is greater or equal to" 0 but instead I should have used "crosses above" 0 to find the ATRM crosses above 0 within 1 Bar to get the right scan. Just to confirm if that is right. Thank you


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