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

Request PCF FOrmula Gilligan's island Pattern Up Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
raider45
Posted : Wednesday, March 13, 2019 10:52:15 AM
Registered User
Joined: 9/30/2011
Posts: 788
 
I would like to have a PCF Formula with the Sign on the Patterns of Gilligan's Island. Reference on the website: http://www.traderpedia.it/wiki/index.php/Gilligan%27s_Island.
 
Thank you and goodbye. raider45

 

Bruce_L
Posted : Wednesday, March 13, 2019 11:07:19 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

I actually don't get any results when I click through that link, but I did do in internet search for the Gillagan's Island pattern.

For a potential pattern for the current day you would want the a gap down at the opne below the two month low with price at or above the open and in the top half of the candle.

L < H AND O <= C AND H + L <= 2 * C AND O < MINL42.1

The confirmation on the following trading day requires all of this plus the price being at least 1/8 above the high of the bar with the potential pattern.

H1 + 1 / 8 <= C AND L1 < H1 AND O1 <= C1 AND H1 + L1 <= 2 * C AND O1 < MINL42.2



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
raider45
Posted : Wednesday, March 13, 2019 1:36:37 PM
Registered User
Joined: 9/30/2011
Posts: 788
 
On all markets the second formula generates no signal !
Bruce_L
Posted : Wednesday, March 13, 2019 1:53:50 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

It should be a pretty uncommon signal.

The potential pattern requires a gap down on open below the low of the entire previous two months. So there is significant downward pressure on pricing at this point. This is fairly rare on its own.

Then on the following trading day, it requires the current price to be at least US$0.125 above the high of that bar. So after significant downward pressure on the previous trading day, there needs to be significunt upward price movement on the current day.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
raider45
Posted : Wednesday, March 13, 2019 2:00:21 PM
Registered User
Joined: 9/30/2011
Posts: 788
 
Thank you ! Sincerely !
Bruce_L
Posted : Wednesday, March 13, 2019 2:01:01 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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.