OPEN-SOURCE SCRIPT
CHK AIH (ACTION IS HERE!)-ALMA SCREENER
We do not like to stare at the screen whole day, instead we like to jump where the
action is.... The Screener was written with this in mind
CHK AIH (ACTION IS HERE!)-ALMA BASED SCREENER
FEATURES []
[] User can enter 3 Resolutions of his/her choice
[] User can select 3 Mov Avg Length of his her choice, which would be identical for all the three timeframes
[] User can enter stock basis his/her region's stock exchange
[] User can shift the screener left or right if not visible in a Multiscreen mode
[] Uses ALMA (Arnaud Legoux Mov Avg) as it smooth and reactive
[] Code is also provided below of MTF ALMA Moving Average OVERLAY on which this screener is based
LOGIC []
[] For a particular timeframe If all the Moving Average are calibrated in one direction, it will show the requisite color.
For Example in an ideal scenario for a bull trend ALMA(5)> ALMA(13) > ALMA(21), once such a situation is identified, the screener will show green.
Yellow means lack of Calibration.
[] When 3 timeframes are calibrated, it becomes a high Probability Trade
BUGS []
[] It is not allowing to enter the D/W/M timeframes, timeframe in numbers ...5/15/60 is working fine. If somebody can fix it
it would be great
LIMITATIONS[]
[] Because of TV's limitations only 4 scrips can be entered, however one add the indicator again with new scrips
//////////// CREDITS ////////////////////////////////////////////////////////////////////////////////////
//// https://hxxps://www.tradingview.com/script/rwdgyEZe/
/// Thank You Inno14 for graciously sharing your work. Your work has helped immensely !!!
////////////////////////////////////////////////////////////////////////////////////////////////////////
ICICIBANK
TECHMAHINDRA
YESBANK
action is.... The Screener was written with this in mind
CHK AIH (ACTION IS HERE!)-ALMA BASED SCREENER
FEATURES []
[] User can enter 3 Resolutions of his/her choice
[] User can select 3 Mov Avg Length of his her choice, which would be identical for all the three timeframes
[] User can enter stock basis his/her region's stock exchange
[] User can shift the screener left or right if not visible in a Multiscreen mode
[] Uses ALMA (Arnaud Legoux Mov Avg) as it smooth and reactive
[] Code is also provided below of MTF ALMA Moving Average OVERLAY on which this screener is based
LOGIC []
[] For a particular timeframe If all the Moving Average are calibrated in one direction, it will show the requisite color.
For Example in an ideal scenario for a bull trend ALMA(5)> ALMA(13) > ALMA(21), once such a situation is identified, the screener will show green.
Yellow means lack of Calibration.
[] When 3 timeframes are calibrated, it becomes a high Probability Trade
BUGS []
[] It is not allowing to enter the D/W/M timeframes, timeframe in numbers ...5/15/60 is working fine. If somebody can fix it
it would be great
LIMITATIONS[]
[] Because of TV's limitations only 4 scrips can be entered, however one add the indicator again with new scrips
//////////// CREDITS ////////////////////////////////////////////////////////////////////////////////////
//// https://hxxps://www.tradingview.com/script/rwdgyEZe/
/// Thank You Inno14 for graciously sharing your work. Your work has helped immensely !!!
////////////////////////////////////////////////////////////////////////////////////////////////////////
ICICIBANK
TECHMAHINDRA
YESBANK
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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