OmniTrader Archives
OmniTrader 2010 Technical Support
Help - Omniscript for BB Scan
4 replies, 2423 viewings
|
OmniTrader Archives
OmniTrader 2010 Technical Support
Help - Omniscript for BB Scan
|
Last Activity 5/17/2022 8:17 AM 4 replies, 2423 viewings |
|
|
|
| Printer friendly version |
eghunter Member Posts: 7 Joined: 2/6/2008  User Profile |
| ||
| julesrulesny Elite   Posts: 900 Joined: 8/15/2007 Location: NYC User Profile |
c[1] = BOL_Lower(13,2) For the rest of it, you are asking for the Omniscript that will show the Bar both touching the Lower BB and also coming within 1% of the Lower BB in the same timeframe? that's going to be difficult.. Your asking OT to look for symbols that both touched the Lower BB and came within 1% of the Lower BB in the same timeframe. Try changing C[1] to C[2]. C[1] means Close 1 day ago, or 1 period ago.. Maybe something like.. c[1] = BOL_Lower(13,2) AND C[1] > BOL_Lower(13,2)+.01 Try different figures to see if it meets your standards, or maybe use C > BOL_Lower(13,2) * ATR(14)*.01 just guess work on my part... | ||
| Jim Dean Sage   Posts: 3022 Joined: 9/21/2006 Location: L'ville, GA User Profile |
Here's what you need, I think ... a scan that identifies stocks that were VERY CLOSE TO the lower BB yesterday. "Very Close" is usually defined as a fraction of ATR (as Marc suggested) ... another way is to make it a percentage of price. If you're looking for any part of the bar being close to the lower BB yesterday (ie a bit above, a bit below, or exact hit), this should do it for you: Abs( BOL_Lower(13,2)[1] - L[1] ) < ATR(14)[1] / 20 You can adjust the ATR periods, or the divisor, as you wish. I suggest you try out the scan and check the results on a chart before messing with it. === OTOH === If you're looking for a stock whose HIGH is close to the lower BB (ie the bar is mostly below the BB): Abs( BOL_Lower(13,2)[1] - H[1] ) < ATR(14)[1] / 20 === FINALLY === If you're looking for a bar that STRADDLES the lower BB yesterday: H[1] >= BOL_Lower(13,2)[1] and BOL_Lower(13,2)[1] >= L[1] [Edited by Jim Dean on 6/30/2011 4:44 PM] | ||
| eghunter Member Posts: 7 Joined: 2/6/2008 User Profile |
| ||
| julesrulesny Elite Posts: 900 Joined: 8/15/2007 Location: NYC User Profile |
Check out these Forum discussions in the VT forum. If you like Bollinger Bands, you may very well like "The Squeeze" which is always a hot discussion topic in the forums: (**Some are rather old, and perhaps outdated - but maybe you can still get some use out of them..**) http://www.visualtrader.com/forum/thread-view.asp?threadid=1009 http://www.visualtrader.com/forum/thread-view.asp?threadid=803 http://www.omnitrader.com/omnitrader/proforum/thread-view.asp?threadid=867 http://www.visualtrader.com/forum/thread-view.asp?threadid=1009&posts=20 http://www.omnitrader.com/omnitrader/support/OT2004/forum/thread-view.asp?threadid=4402&start=76&posts=79 http://www.omnitrader.com/omnitrader/proforum/thread-view.asp?threadid=592 http://tradetight.org/forums/thread-view.asp?tid=270&posts=2&highlight=squeeze&highlightmode=1#M853 http://www.omnitrader.com/omnitrader/support/OT2004/forum/thread-view.asp?threadid=3025 Bollinger Band discussion: http://www.omnitrader.com/omnitrader/proforum/thread-view.asp?threadid=1599 http://www.omnitrader.com/omnitrader/support/OT2004/forum/thread-view.asp?threadid=3128 http://www.omnitrader.com/omnitrader/proforum/thread-view.asp?threadid=787 [Edited by julesrulesny on 7/3/2011 8:44 AM] |
|
|
|
|
Administrator
Forum Moderator |
Registered User
Unregistered User |
 E-Mail this thread to a friend |
Toggle e-mail notification |
