PPS and PMC Custom Scanner

Since you did not claim to have made any attempt to work this out on your own I will assume you don’t care to know how this works. But if you do, just let me know if the comments area below and I will explain how this code works.

You have one input, xDays. There are four scan signals at the very bottom of the code. As per usual, you will select which signal to run by moving the “#” symbol in front of the ‘plot scan’ statements.

input xDays = 2;
def ppsBuy = PPS().BuySignal;
def ppsSell = PPS().SellSignal;
def buy = !IsNaN(ppsBuy);
def sell = !IsNaN(ppsSell);
def pmcDiff = PMC().Diff;
def pmcMA = PMC().DiffMA;
def lightBlue = pmcDiff > 0 and pmcDiff > pmcMA;
def darkBlue = pmcDiff > 0 and pmcDiff < pmcMA; def red = pmcDiff < 0 and pmcDiff < pmcMA; def magenta = pmcDiff < 0 and pmcDiff > pmcMA;
def confirmDaysBullish = (Sum(lightBlue, xDays) + Sum(magenta, xDays)) >= xDays;
def confirmDaysBearish = (Sum(red, xDays) + Sum(darkBlue, xDays)) >= xDays;
def confirmedBuy = buy and confirmDaysBullish;
def confirmedSell = sell and confirmDaysBearish;
def buyWithReversal = magenta[1] and lightBlue and Highest(buy, xDays) > 0;
def sellWithReversal = lightBlue[1] and red and Highest(sell, xDays) > 0;
# use this to scan for PPS buy signals that follow bullish PMC
plot scan = confirmedBuy;
# use this to scan for PPS sell signals that follow bearish PMC
#plot scan = confirmedSell;
# use this to scan for bullish PMC reversals that follow a PPS buy
#plot scan = buyWithReversal;
# use this to scan for bearish PMC reversals that follow a PPS sell
#plot scan = sellWithReversal;