PriceCatch

PriceCatch Malaysia MYX Stocks Screener F

Hi,

Tradingview community and Malaysian MYX Traders. Warm Greetings.

Malaysia MYX Stocks Screener

I am sharing a script that screens Malaysia MYX stocks for Probable Breakout Buy signal and Stop-Reverse Buy Signal. This script may prove to be useful to traders who trade Malaysia MYX listed stocks.

I have already shared the script "PriceCatch Signals Buy Signals" that marks the following levels on the chart.

  • Probable Breakout Buy Level
  • Stop-Reverse Buy Level

While the script "PriceCatch Signals Buy Signals" can be used independently, this script is intended to be used with the script "PriceCatch Signals Buy Signals".
Used together, these two scripts may help you identify probable buy opportunities. The purpose of this script is to help screen stocks quickly without manually going through every stock in your watch list.

Please read the Notes of the script "PriceCatch Signals Buy Signals" for explanation of its functionality.

Stock Set
This Free screener scans a list of 20 stocks. The full version scans a list of 60 stocks. The stocks list will be regularly updated. Care has been taken to include liquid stocks. MYX traders may suggest liquid stocks for inclusion in full version.

Chart resolution vs. Script resolution
I have noticed that if the chart resolution is set to 15 minutes time-frame and the screener resolution is selected as 2 Hours, then the results are correct. However, if the screener resolution is set to 5 minutes, then the results are not accurate. This is not an issue with script. So scanning higher time-frames from a lower time-frame chart works better. My advice however, is better to set the chart resolution to the same interval as screener resolution for sure results.
As usual with price action, longer time-frames produce more reliable signals.

CHART
You can have any stock on your chart, while the screener is scanning the stocks independently. In the above image, chart is set to 45 minutes time frame and stock is ABMB, however screener is screening stocks in 120 minutes time frame and has found GTRONIC.

NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.

QUERIES/FEEDBACK
Please PM me.

Regards to all and wish everyone all the best with trading.
Release Notes: Chart updated.
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Want to use this script on a chart?
PriceCatch Trading Strategy
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