Registered User
Joined: 6/17/2008
Posts: 33
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hi teachers, here is a pcf to find pennants : c>c4 and h<h4 and L>L4 and c2>c3 and L1>L3 ,but i think it need to be fine tuned; please help! thx
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The trainers can't give setting, interpretation or investment advice. In what way does your Personal Criteria Formula do what you want and in what ways does it fail? Do you have a detailed and objective definition of pennants?
You may wish to review the following for information on pattern recognition in TeleChart (the last topic is probably both the most in-depth and on target):
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
That said, I personally do not think there is a practical way to do this using EasyScans and TeleChart's Personal Criteria Formula Language. This is true of pattern recognition in general with the exception of fixed size candlestick patterns:
Boolean PCFs for Candlestick Patterns
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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