Day: October 9, 2023

Stock Screener – Example 17: One Parameter Multiple Values (Noiseless Charts) (“Set chart type to…”)

This is an example of an optimized scan that demonstrates the enhanced (“Set chart type to…”) function; it can replace the need for writing several scans (as was required in the older versions of ChartAlert)

1–2 minutes

This functionality was introduced in October 2023 (Version 23.10.1)

Below is an illustration of an optimized scan that can be created using the Advanced Scanner in ChartAlert.

This one enhanced scan, wherein a parameter can now accept multiple values/ inputs for scanning, now replaces the need for writing atleast four separate scans as was required in the previous versions of ChartAlert.

[BEGIN P&F Double Top Buy PercentValue%] 
Set OptVar PercentValue = 0.5, 1, 1.5, 2
List symbols where pattern is PF Double Top Buy
Add Column PFTOP
Add Column CandleClose
Set chart type to PF(PERCENTAGETYPE,PercentValue)
Apply to NIFTYTOTAL
Plot
[END]

[BEGIN P&F Double Bottom Sell PercentValue%]
Set OptVar PercentValue = 0.5, 1, 1.5, 2
List symbols where pattern is PF Double Bottom Sell
Add Column PFBOT
Add Column CandleClose
Set chart type to PF(PERCENTAGETYPE,PercentValue)
Apply to NIFTYTOTAL
Plot
[END]

Below is a breakdown of the scan presented in a step-by-step manner.

Continue reading “Stock Screener – Example 17: One Parameter Multiple Values (Noiseless Charts) (“Set chart type to…”)”