I’m trying to make a scanner that is complex in nature, I’m confused on how to get it through the scanner, is it possible to build a scanner based on the following conditions?
Indicators used - 5 EMA, Bollinger bands
a) 5 minute candle opens and closes above 5 ema without touching the 5ema
b) the candle formed falls either on the upper bollinger band or outside the bollinger band(better)
if anyone can help?
Hi @Arjun_Mali
I will certainly help you create this. Please check the below link for the scanner condition:
The above scanner will filter stocks where
- Low price is higher than 5EMA (it means it has opened and closed above 5ema)
- Candle is formed on UBB (i.e high is higher than UBB and Low is lower than UBB) OR it forms outside BB (i.e High is lower than LBB or Low is Higher than UBB)
Do check the scanner results and verify it on the charts, if you need any further help let me know.
Hope this helps. Have a nice Sunday 