10 Consecutive Bars Above VWAP Scan


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1. I am new to TOS and looking to scan 10 consecutive bars above VWAP eastern time zone, 5min, extended.

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2. Also for a different scan, I am looking to scan 10 bars after the high of day during extended hours and intraday (not within 10 bars but excactly at the 10th bar).   Thank you very much!

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Posted by (Questions: 1, Answers: 0)
Asked on July 9, 2024 3:28 pm
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Question #1 has already been posted so that portion of your request is already available here:

https://www.hahn-tech.com/ans/scan-for-specified-consecutive-closes-above-or-below-vwap/

However that solution requires a bit of effort to modify the code from a watchlist column and add another line of code. So I decided to approve your question and provide the full solution here:

input numDevDn = -2.0;
input numDevUp = 2.0;
input timeFrame = {default DAY, WEEK, MONTH};
def vwapValue = reference VWAP(numDevDn, numDevUp, timeFrame).VWAP;
def crossAbove = close[1] < vwapValue[1] and close > vwapValue;
def crossBelow = close[1] > vwapValue[1] and close < vwapValue;
rec countBarsAbove = if crossAbove then 1 else if close > vwapValue then countBarsAbove[1] + 1 else 0;
rec countBarsBelow = if crossBelow then -1 else if close < vwapValue then countBarsBelow[1] - 1 else 0;
# use the following to scan for consecutive bars above VWAP
plot scan = countBarsAbove > 10;
# use the following to scan for consecutive bars below VWAP
# plot scan = countBarsBelow < -10;

I cannot provide a solution for question #2 because I do not fully understand what you are requesting. Keep in mind that questions posted in this Q&A Forum are intended to be those which would serve the interests of the vast majority of our viewers. This is not a place to request specific solutions which serve the interests of a single individual. It seems that question #2 probably does not fit within the goals of this forum.

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Posted by (Questions: 37, Answers: 4097)
Answered on July 9, 2024 3:37 pm