1St Bar GAP+BkOut Screener v2 by RM

21 ago 2021

First Bar Gap and subsequent conditions are used as one of the several strategies for Day traders.
This script runs on first bar and checks if the stocks has an initial Gap (up or down), then checks for next bars to be inside the boundaries of the first candle
you can customize this screener according to your requirement. There are a number of very clever people I have taken bits of code and ideas, thanks to you all :)
Used part of this code as published by PineCoders and Public Libraries. Also add some power query code to help you create the symbols input in the script
Disclaimer: This is not a Financial advisory tool. For education purposes only. * Use at your own risk *

Outline:
gap up/ gap down on 1 min first candle -> good
2nd candle inside 1st candle -> good
3rd to nth candle to break out from first candle range -> good /alert/ Plot flag

//M (Excel power query) code to load and format watchlist from txt file format
//Input: [ADS], Output: [s01 = input( "ADS " , type=input.string)]
let
// replace [my directory] and [my Watchlist.txt] for the correspondign values in your computer
Source = Csv.Document(File.Contents("C:\[my directory]\[my Watchlist.txt]"),[Delimiter=",", Columns=108, Encoding=1252, QuoteStyle=QuoteStyle.None]),
#"Transposed Table" = Table.Transpose(Source),
#"Sorted Rows" = Table.Sort(#"Transposed Table",{{"Column1", Order.Ascending}}),
#"Added Index" = Table.AddIndexColumn(#"Sorted Rows", "Index", 1, 1, Int64.Type),
#"Changed Type1" = Table.TransformColumnTypes(#"Added Index",{{"Index", type text}}),
#"Inserted Merged Column1" = Table.AddColumn(#"Changed Type1", "Merged", each Text.Combine({"0", [Index]}), type text),
#"Inserted First Characters" = Table.AddColumn(#"Inserted Merged Column1", "Two Characters", each Text.End([Merged], 2), type text),
#"Removed Columns" = Table.RemoveColumns(#"Inserted First Characters",{"Index", "Merged"}),
#"Inserted Merged Column" = Table.AddColumn(#"Removed Columns", "Merged", each Text.Combine({"s", [Two Characters], " = input( '", [Column1], "' , type=input.string)"}), type text)
in
#"Inserted Merged Column"
//--> once input string is created Copy&Paste in this code after // Symbols _ Use Power Query in Excel
// end of M code to load watchlist from txt format

22 ago 2021

Note di rilascio

This is just a clarification about the applicability of this code. It was designed to work on stocks in the US market, by checking the first four candles of the day. Cash and Crypto markets run 24hrs so it requires different logic.