Stock screener using Trend Intensity Scan

« Back to Previous Page
Category:
▲
1
▼
♥ 0

Hi Pete, came across this site that utilise Trend Intensity as a means to find stocks that met the defined criteria. May i request you to convert  following 5 TC codes to thinkscript. Trend intensity (TI) is a momentum indicator which tells you direction and strength of a trend.

1. Bullish Trend Intensity 65 days (TI65 bullish)

( Not too sure if my interpretation of the code is correct, 7-Day moving average was 5% above all 65-Day moving average)

avgc7/avgc65>=1.05

2. Bearish Trend Intensity 65 days (TI65 bearish)

avgc7/avgc65<=.95

3. Bullish Trend Intensity 65 days Young (Young TI65 bullish)

avgc7/avgc65>=1.05and AVGC7.25 / AVGC65.25 <= 1.05

4. Trend Intensity 65 days (TI65) as column

avgc7/avgc65

5. Low Threshold Breakout

minv3.1>=100000 and c>3 and avgc7/avgc65>=1.05

and c>0 and c>c1 and c/c1>c1/c2 and c1/c2<1.02

thanks

Marked as spam
Posted by Nick Neo (Questions: 8, Answers: 15)
Asked on August 20, 2019 8:42 am
1898 views
▲
0
▼
✔
Private answer

I'll do a couple of them and you can do the rest. First I'll list the TC code and then the equivalent code for Thinkorswim.

#avgc7/avgc65>=1.05
def conditionOne = Average(close, 7) / Average(close, 65) >= 1.05;

This next one contains the first condition so rather than re-write condition one I will reference the variable name to which it was assigned.

#avgc7/avgc65>=1.05and AVGC7.25 / AVGC65.25 <= 1.05
def conditionTwo = conditionOne and Average(close, 7)[25] / Average(close, 6)[25] <- 1.05;

This one also contains a portion from condition one. So I will insert that to replace avgc7/avgc65>=1.05.

#minv3.1>=100000 and c>3 and avgc7/avgc65>=1.05 and c>0 and c>c1 and c/c1>c1/c2 and c1/c2<1.02
def ConditionThree = Lowest(volume[1], 3) >= 10000 and close > 3 and conditionOne and close > 0 and close > close[1] and close / close[1] > close[1] / close[2] and close[1] / close[2] < 1.02;

I have selected the ones that have unique translations. So by studying these translations you should be able to see how to complete the others.

Marked as spam
Posted by Pete Hahn (Questions: 37, Answers: 4153)
Answered on August 20, 2019 10:23 am
▲
0
▼
Hi Pete, thank you so much for your prompt respond. Yes,will learn how to duplicate and complete the others. I copied the individual code and paste in thinkscript Editor to scan out the list of stock that matches the criteria, but it still requires a command to plot a scan. May i know what command and how should write in order to scan out the list of stock ? I tried to use this "Plot scan = conditionone", but it was unsuccessful. Thanks
(Nick Neo at August 21, 2019 6:00 am)
▲
0
▼

You need to place a semicolon at the end if every line of code. So if you use only conditionOne then it would be:

plot scan = conditionOne;

However you have several conditions so you would actually do this:

plot scan = conditionOne and conditionTwo and conditionThree;

Adding all your condition variables in series like the example above. Just placed the word 'and' between each condition.

(Pete Hahn at August 21, 2019 6:38 am)
▲
0
▼
Thanks Pete. This is definitely helpful. I really appreciate what you have done and i have replied you personally on your email. Let me tidy these few scans codes and may request for some assistance when required. thanks
(Nick Neo at August 23, 2019 12:29 am)
« Back to Previous Page