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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Candlestick Pattern question

Candlestick Pattern question Rate this Topic:
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rothar
Posted : Thursday, October 6, 2011 2:09:39 PM
Registered User
Joined: 12/7/2005
Posts: 19
 In the post, Boolean Candlestick Patterns the formula for a Harami is listed as:

ABS(C1-O1) >= (H1-L1)*0.70 AND
ABS(C1-O1)>(H1-L1)*0.50 AND
C>O AND
C<O1 AND
O>C1

This seems to say that the size of the previous body is at least 70% of the range (line 1) and more than 50% of the range (line 2).  The second condition seems to be redundant unless I don't understand what's going on.  Can you enlighten me on this seeming contradiction?

Thanks
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Bruce_L
Posted : Thursday, October 6, 2011 2:17:15 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 It is redundant. The formula could be simplified to:

ABS(C1 - O1) >= (H1 - L1) * .7 AND C > O AND C < O1 AND O > C1

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