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BackScan using candlestick patterns Rate this Topic:
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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.

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.

Candle - Hammer.scond - 16 KB, downloaded 182 time(s).
Candle - Hammer with Gap.scond - 19 KB, downloaded 169 time(s).

- Craig
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