Registered User
Joined: 4/15/2009
Posts: 17
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Is it possible for SF or TC to scan for Chart Patterns, i.e., double bottoms, cup and handle, head and shoulders, etc?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Craig has been experimenting with a Double Bottom Rule for StockFinder that can be accessed by selecting Add Rule | Select... Double Bottom.
Double Bottom rule
You may wish to review the following for information on pattern recognition in TeleChart:
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 definitively identify Double Bottoms using EasyScans and TeleChart's Personal Criteria Formula Language. This is true of pattern recognition in general with the exception of candlestick patterns:
Boolean PCFs for Candlestick Patterns
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 4/15/2009
Posts: 17
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Thanks, Bruce!!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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