[jeffersondaarcy]

Hey Guys,
I've spent the past week reading through the available online EasyLanguage PDFs in hopes of eventually creating some basic scans to help filter tradeable stocks. As an exercise, I figured I would create a ShowMe with a few conditions. The main condition is that the "last" is 10% greater than yesterday's close. I cant get this to work for the life of me. I have attached the code I am working with and a few screenshots of the ShowMe. You'll notice one of the screenshots is for a stock that is up 8% (not 10%). No clue why this stock meets the conditions. Any and all help, advice, etc. would be greatly appreciative to this newbie.

Variables:
FoundPattern( False );

Value1 = ((high+low)*.5);

Condition1= last>(close[1]+(Close[1]*.10));
Condition2= Volume[1]>300000;
Condition3= last>2 and last<60;

if Condition1 and condition2 and condition3 then
begin
foundpattern=true;
end;

if foundpattern then
begin
plot1 (value1);
end;

Thanks again.

[Tams]

try this:

if Condition1 and condition2 and condition3 then
begin
foundpattern=true;
end
else
begin
foundpattern=false;
end;


It is possible that the conditions were met at one point during intrabar,
but the scenario has changed by the end of the bar.
Thus you need the "escape clause".



p.s. I would avoid using the generic variables (value1, condition1, etc.).
They are convenient, but makes debugging difficult.



.

[Tams]

p.s.

replace LAST with CLOSE

"CLOSE" is the last traded price.

"LAST" is also the last traded price.
LAST is designed to be used in a quote field, it does not reference historic data, therefore might not be usable in an analysis.


.

[jeffersondaarcy]

Hi Tams,
Thanks for helping me out, I really I appreciate. I incorporated the escape clause and cleaned up my variables, so my code is tighter. I now have a new issue though. The screenshot speaks for itself (look at $26). Both versions of the below code give me the same plot result. Any suggestions in regards to where I am going wrong?

In regards, to your "last" vs. "close" post, I was hoping to run scans (via TS scanner) during trading hours; therefore, I was planning on using "last." Are their any issues with "last" and scans that I dont know about (I dont subscribe to Radarscan).

VERSION1
Variables: SMDot((high+low)*.50), FoundPattern(False);

Condition1= last>(close[1]+(Close[1]*.10));
Condition2= Volume[1]>300000;
Condition3= last>2 and last<60;

if Condition1 and Condition2 and Condition3 then
begin
FoundPattern=true;
end
else
begin
FoundPattern=false;
end;

if FoundPattern then
begin
plot1 (SMDot);
end;

VERSION2 (only difference between V2 and V1 is that V2 has an "escape clause" for the plot section as well)

Variables: SMDot((high+low)*.50), FoundPattern(False);

Condition1= last>(close[1]+(Close[1]*.10));
Condition2= Volume[1]>300000;
Condition3= last>2 and last<60;

if Condition1 and Condition2 and Condition3 then
begin
FoundPattern=true;
end
else
begin
FoundPattern=false;
end;

if FoundPattern then
begin
plot1 (SMDot);
end
else
begin
noplot(1);
end;


Thanks again Tams

[Tams]

LAST is designed to be used in a quote field, it does not reference HISTORIC data.




HELLLLLOOOOOO... are you currently looking at LIVE data or HISTORIC data?

[Tams]

try this:

Variables: SMDot(0);

SMDot = (high+low)*.50;

[Tams]

you can simplify this

if Condition1 and Condition2 and Condition3 then
begin
FoundPattern=true;
end
else
begin
FoundPattern=false;
end;


to

FoundPattern = Condition1 and Condition2 and Condition3;

[jeffersondaarcy]

Thanks Tams. I am looking to compare live data (the price of the last completed trade of a specific stock) to historical data (the previous day's close). I would like to be able to use this ShowMe study in the scanner during market hours to find tradeable opportunities.

I incorporated the changes and it appears the original issue is back (see screenshot).

Variables: SMDot(0), FoundPattern(False);

SMDot= ((high+low)*.50);

Condition1= last>(close[1]+(Close[1]*.10));
Condition2= Volume[1]>300000;
Condition3= last>2 and last<60;

FoundPattern= Condition1 and Condition2 and Condition3;

if FoundPattern then
begin
plot1 (SMDot);
end
else
begin
noplot(1);
end;

Judging by your responses, I assume this issue is a result of "last?"

Thanks