Close above lowest EMA, SMA, or both of same value


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Hi Pete, I’m looking for a scanner that can search for price close above lowest EMA or SMA but can also be above both.

We can use EMA & SMA length values of 8.

So an example:

Ticker XYZ

8EMA ( $2.37 )

Close ( $2.35 )

8SMA ( $2.28 )

The scanner would find this ticker good because it closed above the 8SMA.

Now say the EMA/SMA switched places in value then the scanner would also find this ticker good because it closed above the 8EMA.

Now say the EMA/SMA were the same exact value of $2.28, then the scanner would also find this ticker good because it closed above both EMA/SMA

What’s important is that price close is greater than lowest or both of the two EMA/SMA.

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Posted by (Questions: 12, Answers: 20)
Asked on September 14, 2020 2:42 pm
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If I understand your request correctly, it does not matter which moving average is lowest. You have stated that you want to see stocks where the current price is above either of the two moving averages or both.

If that is correct, you can build this in just a few clicks of the mouse, using the Condition Wizard:

https://www.hahn-tech.com/thinkorswim-condition-wizard/

Only one screenshot is required to show how this is constructed using nothing more than the Condition Wizard.

But even if it did matter which moving average was lowest this could still be very easily constructed using the Condition Wizard and you don't have to know the first thing about writing code.

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Posted by (Questions: 37, Answers: 4084)
Answered on September 14, 2020 3:16 pm
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Thank you sir, this is exactly what I was looking for.
( at September 14, 2020 3:41 pm)