[isatrader]

Thanks for another excellent post isatrader. The FCCN interested me because my first glance on a longer-term chart was to think that it is still in stage 1. My next thought was no it could have broken out in October (even though it faltered the following week) and so what is the significance of the big move up today. http://tinyurl.com/osyc5gm It shows that chart software can lead to different paths of thought.
Either way it still is a definite promising candidate, though with a negative tone to the wider market it is too soon to take the plunge.

If using big charts you need to change the "Price Display" drop down to Logarithmic, and then you'll be able to see the Stage 1 bases percentage moves correctly, as after a long Stage 4 decline the Stage 1 base can be hard to make out on a standard scale chart, as the price moves are distorted. See attached log scale chart.

   

You should have a look at prorealtime.com. EOD charts are free and has a really good scanner.

[isatrader]

Thanks for another excellent post isatrader. The FCCN interested me because my first glance on a longer-term chart was to think that it is still in stage 1. My next thought was no it could have broken out in October (even though it faltered the following week) and so what is the significance of the big move up today. http://tinyurl.com/osyc5gm It shows that chart software can lead to different paths of thought.
Either way it still is a definite promising candidate, though with a negative tone to the wider market it is too soon to take the plunge.

If using big charts you need to change the "Price Display" drop down to Logarithmic, and then you'll be able to see the Stage 1 bases percentage moves correctly, as after a long Stage 4 decline the Stage 1 base can be hard to make out on a standard scale chart, as the price moves are distorted. See attached log scale chart.

   

You should have a look at prorealtime.com. EOD charts are free and has a really good scanner.

[isatrader]

Another method that's very good at finding the early Stage 2A breakouts is to look for a cross above the weekly Ichimoku Cloud. Here's the code that I use in Prorealtime's ProScreener:

Code:

ignored, ignored, ignored, indicator1 = CALL Ichimoku[9, 26, 26, 52]
c1 = (close CROSSES OVER indicator1)

ignored, ignored, indicator2, ignored = CALL Ichimoku[9, 26, 26, 52]
c2 = (close CROSSES OVER indicator2)

SCREENER[c1 OR c2] ((close/DClose(1)-1)*100 AS "%Chg yest.")

Hi Isatrade, I'm just trying to get my hands dirty with this code but the ProScreener doesn't seem to like the Function 'Ichimoku'. Is this something that you have defined? It says the method doesn't exist.

Also, is this screener run on a weekly range?

I might have imported it from the code library, as it's not a native option. I've exported it from my version and attached the Ichimoku.itf file inside a zip file for you to import into your indicators. So unzip it and then import it as an indicator. And then the screener code should work.

The Ichimoku screener is run on a weekly range, as you want to target the weekly cloud and not the daily which is different.

[isatrader]

Another method that's very good at finding the early Stage 2A breakouts is to look for a cross above the weekly Ichimoku Cloud. Here's the code that I use in Prorealtime's ProScreener:

Code:

ignored, ignored, ignored, indicator1 = CALL Ichimoku[9, 26, 26, 52]
c1 = (close CROSSES OVER indicator1)

ignored, ignored, indicator2, ignored = CALL Ichimoku[9, 26, 26, 52]
c2 = (close CROSSES OVER indicator2)

SCREENER[c1 OR c2] ((close/DClose(1)-1)*100 AS "%Chg yest.")

Hi Isatrade, I'm just trying to get my hands dirty with this code but the ProScreener doesn't seem to like the Function 'Ichimoku'. Is this something that you have defined? It says the method doesn't exist.

Also, is this screener run on a weekly range?

I might have imported it from the code library, as it's not a native option. I've exported it from my version and attached the Ichimoku.itf file inside a zip file for you to import into your indicators. So unzip it and then import it as an indicator. And then the screener code should work.

The Ichimoku screener is run on a weekly range, as you want to target the weekly cloud and not the daily which is different.

[Tryst]

thanks, that has worked.

How did you come across this file? Is it something provided by ProRealtime or is it something that you have developed yourself? I'd like to read up some documentation on it, so I understand what the calls are doing.

I am assuming that it passes out four parameters from the call and you are stating that you are ignoring the ones you don't need but only handling the ones you need with a parameter name.

Its like a secret dark art at the moment as there is next to nothing on the internet

[Tryst]

thanks, that has worked.

How did you come across this file? Is it something provided by ProRealtime or is it something that you have developed yourself? I'd like to read up some documentation on it, so I understand what the calls are doing.

I am assuming that it passes out four parameters from the call and you are stating that you are ignoring the ones you don't need but only handling the ones you need with a parameter name.

Its like a secret dark art at the moment as there is next to nothing on the internet

[isatrader]

thanks, that has worked.

How did you come across this file? Is it something provided by ProRealtime or is it something that you have developed yourself? I'd like to read up some documentation on it, so I understand what the calls are doing.

I am assuming that it passes out four parameters from the call and you are stating that you are ignoring the ones you don't need but only handling the ones you need with a parameter name.

Its like a secret dark art at the moment as there is next to nothing on the internet

It's all here: https://www.prorealtime.com/en/library in the Prorealtime Library.

If you download the indicators and screeners and load them into prorealtime then you can duplicate them and study the code. Also, once they are installed you can use the Simplified creation tab when you create a new screen, which lets you click on the indicator on the chart and then does the majority of the coding for you. You just have to define a few parameters like greater than or less than etc, and then fine tune the final code it produces. Which is the method I used to create the weekly crossover of the ichimoku cloud.

Here's a few more links that will help:

Video tutorial of assisted creation tool: https://www.prorealtime.com/en/video-50
Create a ProScreener in Assisted Creation mode: https://www.prorealtime.com/en/help-manu...d-creation


   

[isatrader]

thanks, that has worked.

How did you come across this file? Is it something provided by ProRealtime or is it something that you have developed yourself? I'd like to read up some documentation on it, so I understand what the calls are doing.

I am assuming that it passes out four parameters from the call and you are stating that you are ignoring the ones you don't need but only handling the ones you need with a parameter name.

Its like a secret dark art at the moment as there is next to nothing on the internet

It's all here: https://www.prorealtime.com/en/library in the Prorealtime Library.

If you download the indicators and screeners and load them into prorealtime then you can duplicate them and study the code. Also, once they are installed you can use the Simplified creation tab when you create a new screen, which lets you click on the indicator on the chart and then does the majority of the coding for you. You just have to define a few parameters like greater than or less than etc, and then fine tune the final code it produces. Which is the method I used to create the weekly crossover of the ichimoku cloud.

Here's a few more links that will help:

Video tutorial of assisted creation tool: https://www.prorealtime.com/en/video-50
Create a ProScreener in Assisted Creation mode: https://www.prorealtime.com/en/help-manu...d-creation