Tony Oz - Bottom Fisher Scan

jalexander · Postby **jalexander** » 31 Jul 2014

I'm looking to create a custom scan in Multicharts for TWS. The scan will:

1. Find stocks that have closed down 3 or more days in a row.
2. The "Trigger" event is if the stock is currently trading above yesterdays close.

i.e. try's to pick the reversal point after a stock has bottomed.

Here is a better explanation of the "Bottom Fisher" scan: http://www.tonyoz.com/bottom.htm

Any pointers on how to do this or if something similar already exists?

JoshM · Postby **JoshM** » 03 Aug 2014

Code: Select all


Variables:

	threeInARow(False),

	triggerEvent(False);

	

threeInARow = (Close[1] < Close[2]) and (Close[2] < Close[3])

	and (Close[3] < Close[4]);

triggerEvent= Close > Close[1];



if (threeInARow = true) then 

	Plot1("TRUE", "ThreeInARow")

else 

	Plot1("FALSE", "ThreeInARow");

	

if (triggerEvent = true) then begin

	Plot2("TRUE", "TriggerEvent");

	SetPlotBGColor(2, green);

end 

else begin

	Plot2("FALSE", "TriggerEvent");

	SetPlotBGColor(2, yellow);

end;

The colours in the image are off, but I don't have more time now. The example is probably enough to get you started.

jalexander · Postby **jalexander** » 03 Aug 2014

perfect, thank you!

jalexander · Postby **jalexander** » 03 Aug 2014

Works perfectly fyi.

Am I right in thinking there is no way to mass import a list of stocks to the Pre-Scanner? i.e. with IB for TWS I would need to add each stock individually?

MAtricks · Postby **MAtricks** » 03 Aug 2014

You can copy/paste a list of them into the scanner, but if they're not already inputted into the Quote Manager, the Quote Manager doesn't update the symbol specifications(suggestion for MC). If this is the case, create a spreadsheet in excel or notepad of all symbols wanted. Quote Manager -> File -> Import Symbol List.

jalexander · Postby **jalexander** » 03 Aug 2014

Thanks, I don't believe Multicharts for TWS has Quote Manager. Is there an alternative suggestion in this case?

MAtricks · Postby **MAtricks** » 03 Aug 2014

Did you try to copy and paste a list straight into the scanner? Also if you have the symbols already, you can click Insert Symbol on the Instrument List and highlight as many as you want and click Ok.

I'm unfamiliar with the tws version, but I'm sure you can copy/paste the symbol list into the scanner.

Tony Oz - Bottom Fisher Scan

Tony Oz - Bottom Fisher Scan

Re: Tony Oz - Bottom Fisher Scan

Re: Tony Oz - Bottom Fisher Scan

Re: Tony Oz - Bottom Fisher Scan

Re: Tony Oz - Bottom Fisher Scan

Re: Tony Oz - Bottom Fisher Scan

Re: Tony Oz - Bottom Fisher Scan