• Download software • Tutorial videos
• Subscription & data-feed pricing • Class schedule


• New account application • Trading resources
• Margin rates • Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Worden Discussion Forum » Customer Training & Support » Ask a Trainer - StockFinder 5.0 » Real-Code Candlestick

Real-Code Candlestick Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
slick8622
Posted : Wednesday, August 26, 2009 4:33:14 PM
Gold Customer Gold Customer

Joined: 1/30/2007
Posts: 3
 I would like to find long Bottoming Tails candle after three or more day pullback.

Thanks
Dennis
Back to top
Bruce_L
Posted : Wednesday, August 26, 2009 5:27:13 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 I'm not a candlestick guy. How does a "Bottoming Tail" differ from a "Hammer"?

A Rule for Bullish Hammer can be added by selecting Add Rule | Select... | Bullish Hammer.

If I were to write a RealCode Rule for Price dropping for three days and then having a tail below the Body constituting at least 75% of the Candle, it would look something like this:

If Price.High - System.Math.Min(Price.Open, Price.Last) < _
    .25 * Price.High - Price.Low AndAlso _
    Price.Last(1) < Price.Last(2) AndAlso _
    Price.Last(2) < Price.Last(3) AndAlso _
    Price.Last(3) < Price.Last(4) Then Pass
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Back to top
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.