Can someone help creating scan code in ThinkorSwim?

dlisenko · (login for full post details)

Scan stocks on the short side

[type = stock] and [country = us] and[daily ema(60,daily volume) > 300000] and
[daily low > yesterday's daily low] and
[yesterday's daily low > 2 days ago daily low] and
[SMA(10, close) < EMA(30, close)]and
[daily close > daily SMA(10,daily close)]and
[daily close < daily EMA(30,daily close)]and
[weekly sma(10,weekly close) < weekly ema(30,weekly close)]and
[ADX Line(10) > 20.0]and
[close >= 10]

Scan stocks on the Long side

[type = stock] and [country = us] and[daily ema(60,daily volume) > 300000] and
[daily high < yesterday's daily high] and
[yesterday's daily high < 2 days ago daily high] and
[sma(10, close) > ema(30, close)]and
[daily close > daily ema(30,daily close)]and
[daily close < daily sma(10,daily close)]and
[daily close > daily sma(200,daily close)]and
[weekly sma(10,weekly close) > weekly ema(30,weekly close)]and
[ADX Line(10) > 20.0]and
[close >= 5]

RedK · (login for full post details)

here's how I would do this... for example your SHORT scan would look like this

Code

def Vol = if ExpAverage (volume, 60 ) > 300000 then 1 else 0;
def daily = if low > low[1] and low[1] > low [2] then 1 else 0 ;
def SMA10vsEMA30 = if Average(close, 10) < ExpAverage(close, 30) then 1 else 0;
def ClosevsSMA10 = if close > Average(close, 10)  then 1 else 0;
def ClosevsEMA30 = if close < ExpAverage(close, 30)  then 1 else 0;
def wkSMA10vswkEMA30 = if Average(close(period = AggregationPeriod.WEEK), 10) < ExpAverage(close(period = AggregationPeriod.WEEK), 30) then 1 else 0;def ADX = if DMI(10).ADX > 20 then 1 else 0;
def Price = if close >= 10 then 1 else 0;

Plot Short = Vol * (Daily + SMA10vsEMA30 + ClosevsSMA10 + ClosevsEMA30 + WkSMA10vswkEMA30 + ADX + Price);

I didn't test this as a scan, only as a normal study .. and AFAIK, TOS scans don't allow calling a secondary aggregation, so although the bold line would work in a plot study, it may/should not work in a scan.. so it may need to be separated in a different scan "column"

the successful short candidates will show max score in the scan (in this case a 7), the non-candidates will have lower values, including a 0 if they fail the volume condition .. but that last "plot" line can be changed to show only these ones with a full score and ignore all others, with an IF statement (if the sum is 7 show a "SHORT!" otherwise a blank.

the Long scan would be similar after changing the logical operators ">" and "<"

an interesting exercise

thanks for sharing, and hope this helps,

RedK

Saul · (login for full post details)

I know how to insert the scans into TOS platform,
I,m just not savvy enough to know how to create the thinkscripts.

The filter scan i'm looking for are.

#1 50 sma must be angling or moving up

--
#2 slow stochastic with sma % D period 3 crosses oversold 15

#3 momentum lenght 9,price close, turning up and crossing -5

#4 MACD with sma,fast lenght 5,slow lenght 15,macd lenght 20 and crossing above -2.00

Thanks in advance
Dedicated To Your Success!

Can someone help creating scan code in ThinkorSwim?

Discussion in ThinkOrSwim

Can someone help creating scan code in ThinkorSwim?

NinjaTrader Indicator Challenge!

Battlestations! Show us your trading desk - $1,500 in prizes!

Call Option Buying: The New Pain Trade? w/Carley Garner

Importance of Finding Your Own Way w/Adam Grimes

New Challenge (TBD)