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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 12/18 » I am interested in creating scan for Bull Flags and Bear Flags. Can u help???????????
You may wish to review the following for information on pattern recognition in TC2000 (the topics mentioning flags and pennants will be most on target and Finding Continuation Triangles And Wedges With Telechart being the most popular):
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 Cup & Handle PCF Double tops and bottoms Flag wedge and pennant pcf 05/01/2012 Webinar: Trading the Flag and Pennant Patterns TC 2000 Bull flags, Bear Flags
That said, I personally do not think complex pattern recognition is practical in TC2000 using formulas and Scans.
They are at the very least beyond my abilities to help you create without a specific unambiguous objective definition of what you are attempting to identify. It can't be an I know it when I see it type of definition or be based entirely on an image.
This is true of pattern recognition in general with the exception of fixed size candlestick patterns, which are fairly straightforward as long as the pattern is well defined:
Boolean PCFs for Candlestick Patterns