Scan Ichikomu question


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First and  foremost I Love the scan thank you very much. My question is I am building a watch of bullish cloud breakouts as well as bearish ones as well. With confirmation. Is there a way to scan for 1, 2, and 3 breakout bars all at once so I don’t  have to run 3 separate scans.

Ultimately what I am trying to do is build a watch list of stocks that just had a bullish or bearish cloud break out with confirmation 1,2, and 3 days and keep adding to the list and having them drop off after 10 days of being above the cloud.

Reasoning for this is as this list builds up with stocks that just had a bullish or bearish daily  break, I would like to run a separate scan on these list of stock after they pull back the scan will be looking for the cloud break out or down on the 15 minute chart 1,2 or 3 days with confirmation.

 

So the big question here is how do I run your scan and search for 1 2 and 3 breakout bars within the same scan. And how would I run a separate scan on these stocks with a 15min time frame.

 

I would appreciate any help you could give me on this

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Posted by (Questions: 4, Answers: 1)
Asked on May 13, 2018 7:51 pm
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Thank you very much for that. I works great
I know how to scan for different time frames. My question is how would I take the stocks that close 1,2,3 day cloud break and monitor them separately for when they pull back and break back above the 15min cloud 1,2,3 periods.
Do I have to make a separate watch list with the stocks that pop up in the daily scan for 1,2,3 day break and monitor them separately for the same break only on a 15min timeframe.

Also is there a way for them to drop off once they have closed over the cloud for 10days
Ex of what I am trying to do:
Scan for stocks breaking with confirm 1,2 and 3 days which I know how to do now with your help.
Lets say this scan pulls up 10 stocks today / 5 stocks tomorrow
I want to be able to monitor these 15 socks after day 2 scanning for a 15 min cloud break with confimation
Do I need to make separate watch list and scan these for 15 min break
And after day 10 these first 10 stocks would drop off the list

( at May 14, 2018 9:03 pm)
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Yes, you have the steps worked out pretty well. The scan can only do part of the work. The rest is manual. And there is no way to get stuff to “drop off the list” after 10 days. The items in a watchlist must be updated manually.

( at May 14, 2018 9:49 pm)
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Ok, let’s make sure all our viewers understand where we are going to get the code for this. Because I will only be posting the changes here. You will need to access the link provided with the video in order to get the full set of code: Thinkorswim Scan Ichimoku

You asked about running a scan on 15 min time frame. Just change the time frame on the Study Filter. If you don’t know how to do that, you have not watched enough of my scan videos.

Now, on to the solution. We only need to adjust the ‘plot scan’ statements:

There are two of them. You will find them amount the last 20 or so lines of code. I’ll list the specific ones we’ll modify here:

#plot scan = signalBreakAboveCloud and signalBullishConfirmation;
#plot scan = signalBreakBelowCloud and signalBearishConfirmation;

Ok? So these are the two plot scan statements that find cloud breakouts with confirmation. As they exist here, they search for signals in the current bar. We could modify them by adding [1] to the variable names to force them to look at the previous bar for signals. But we are still only looking for one day’s worth of signals at a time. In order to look for signals from today, yesterday and the day before at the same time, we need to employ a different tool:

#plot scan = Highest(signalBreakAboveCloud, 3) > 0 and Highest(signalBullishConfirmation, 3) > 0;
#plot scan = Highest(signalBreakBelowCloud, 3) > 0 and Highest(signalBearishConfirmation, 3) > 0;

These newly modified lines will now search the most recent 3 bars on the chart for breakout signals.

Remember that by themselves these are useless. You will need to got get the original code through the video I linked above, then modify the code as I have described. Have fun!

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Posted by (Questions: 37, Answers: 4118)
Answered on May 14, 2018 10:43 am