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Registered User
Joined: 12/6/2004
Posts: 1
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Hi,
How do I setup a scan that will show me stocks that are coming out of a falling wedge?
Thanks.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I've never tried to scan for this pattern. If you would give me a sense of the time period you want to see this pattern within I will play with it. How long (in trading days) would you like the wedge to be forming? How many trading days should the stock have spent "coming out" of the pattern?
- Craig
Here to Help!
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Registered User
Joined: 10/7/2004
Posts: 799
Location: Duluth, GA
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Wedges are chart patterns that usually are based on pivot-points, which are NOT readily incorporated in PCF's. However, you can try using Linear Regression lines in conjunction with MAXH and MINL functions to model these and other chart patterns. This would be the starting point for the EasyScan you suggested. It's fairly complex. You might want to review this thread (and its companions) re PCF Linear Regression models and divergence analysis ... if you don't "choke" on that info (it's pretty involved), then we could open up a discussion thread in that board about how such patterns could be PCF'd.
Jim Dean
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Registered User
Joined: 10/7/2004
Posts: 799
Location: Duluth, GA
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Oops - forgot to list the thread:
Using Linear Regression vs Classical Peaks/Valleys for Divergence Analysis
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