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addlabel(yes,concat("PPO ", ROUND(PPO*100,2)), if PPO < PreviousPPO then color.RED else if PPO > PreviousPPO then color.green else color.gray);
addlabel(yes,concat("ADX ", ROUND(ADX(ADXLength),2)), if CurrentADX > PreviousADX then color.RED else if CurrentADX < PreviousADX then color.green else color.gray);
Hi, unless I'm mistaken, TOS Scan->Stock Hacker seems to have only custom study filters in the form of expressions.
So I made one custom filter for PPO down from 5 days ago & ADX up from 5 days ago, and then another one for the reverse conditions.
Then clicking on scan came up with a result list. Which the results can be saved as a watchlist and then seen in "Marketwatch" -> Quotes
Scripts for custom study filters. (reverse "<" and ">" operators for reverse condition custom study filter)
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I was wondering if you were able to come up for a scan or have seen an indicator for the PPO & ADX scan you were working on. Were you looking for candidates for the PPO/ADX "squeeze'? ( I'm not sure what else to call it)
I am working on a couple things for that trade. Let me know you if that is a trade you do. I have seen a good webinar by Wendy Kirkland discussing how she trades that in her portfolio. Thanks!
I have been working on Kirkland's squeeze in Ninjatrader as a system and not just a scanner. I have tried a number of ways with comparing a bunch of adx(n)s and ppo(n)s and setting a flag for each and when both hit within some spread buying. Sometimes the "squeeze" doesn't come at the same precise time. I have also tried the Ninjatrader Slope function for adx() and ppo() and setting buy signals based on that. It does work, but usually on all squeezes and not just the major ones. I am looking to do a ratio so I can get the really close squeezes. Maybe by normalizing the adx/ppo ratio. Any ideas?