Registered User
Joined: 4/17/2008
Posts: 14
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Hi,
I am trying to create 2 watchlists that only pick out stocks that have a double top and double bottom within the last 3 month period. However, I need the stocks to complete the following patterns today:
1 - Bearish engulfing pattern
2 - Bullish engulfing pattern
3 - Evening star
4 - Morning star
I presume I can create 2 watchlists. One that identifies double tops and one that identifies double bottoms - both within the last 3 months. Then I can create a pcf for each of the above reversal patterns (for today) and analyse them in this manner. Is this possible?
Many thanks
Dragan
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (dlukic) I need the stocks to complete the following patterns today:
1 - Bearish engulfing pattern
2 - Bullish engulfing pattern
3 - Evening star
4 - Morning star
Identifying candlestick patterns is generally not a problem as long as they are well defined:
Boolean PCFs for Candlestick Patterns
Just use one of these PCFs as an EasyScan Condition with the desired WatchList set as the WatchList to Scan.
Using EasyScan to find stocks that meet your own criteria
QUOTE (dlukic) I presume I can create 2 watchlists. One that identifies double tops and one that identifies double bottoms - both within the last 3 months.
If you can, then you are better at this than I am. You may wish to review the following for information on pattern recognition in TeleChart (probably concentrating on the topics related to double tops and/or double bottoms):
Falling wedge
Cup with a handle formation
PCF for cup with a handle
Scanning for Chart Patterns
Scanning for Stocks Printing a Double or Triple Bottom
PCFs for pennants and flags
PCF's for Triangles
Does TeleChart support Elliott Wave indicators?
Double top/bottom trend
Finding Double Tops and Double Bottoms
CUP AND HANDLE AGAIN
Finding Continuation Triangles And Wedges With Telechart
That said, I personally do not think there is a practical way to do this using EasyScans and TeleChart's Personal Criteria Formula Language.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 4/17/2008
Posts: 14
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Ah ok. I suppose in that case the most beneficial way would be to create pcf's for reversal patterns and try spot a trende reversal or a channel bounce that way.
Thanks anyway Bruce.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome. I'm sorry I couldn't be of more assistance.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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