New version 18 available now


Download software Tutorial videos
Subscription & data-feed pricing Class schedule


New account application Trading resources
Margin rates Stock & option commissions

Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

BackScan using candlestick patterns Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
reminkus
Posted : Tuesday, December 19, 2006 10:13:33 PM
Gold Customer Gold Customer

Joined: 6/7/2005
Posts: 3
I'm trying to figure out how to create backscans using candletick patterns.

Can you help with two "buy" conditions.

1. Doji with a gap up up the next day

2. Hammer with a gap up the next day

My hpe is that these two examples will provide insight to continue to create more candlestick based backscans.

THX
Craig_S
Posted : Thursday, December 21, 2006 3:05:22 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
Here is how I would do a Hammer and a Hammer with a Gap.

Note the conditions I created and their block diagram.

Note how I used the AND THEN and set the properties of the sequence to force the gap to happen the next day.

Save them both in the following folder:
\My Documents\My SnapSheets\Tool Parts\BackScan Conditions
Once there, you can add either to your BackScan via the ADD CONDITION button and choosing MY COMPUTER.

Attachments:
Candle - Hammer.scond - 16 KB, downloaded 169 time(s).
Candle - Hammer with Gap.scond - 19 KB, downloaded 155 time(s).



- Craig
Here to Help!
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.