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jager52
Posted : Thursday, January 31, 2013 10:50:15 AM
Gold Customer Gold Customer

Joined: 10/7/2004
Posts: 37

Morning Bruce,

When I create scans where price if moving up slowly smart (actually price is >0) over 5 days and cci is moving up moderately smart over 5 days and cci is at new high over 5 days, I do not get results I intend. Typically cci is at a high 5 days ago instead of most recent day.

 

I've tried the MACD discrepancy scans and I just do not find them to yield good results. Have you got any suggestions for improvement?

 

Any chance pattern recognition will ever be a feature of V12?

Bruce_L
Posted : Thursday, January 31, 2013 11:19:13 AM


Worden Trainer

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

I tried creating a Condition for CCI being at a New High using a Period of 5 by clicking on CCI and selecting Create Scan Condition and the CCI is at its highest value during the most recent 5-bars for every chart at which I have looked. Can you provide some specific examples of where this is not the case?

I have not found any MACD Divergence scans which can exactly reproduce the traditional comparisons of price versus the MACD at the MACD's local maxima or minima. About the closest thing I have found are some rather long formulas using the techniques in the Days Since Last Peak (or other day-counting needs) topic to find the value of MACD and price at the most recent local maxima or minima which then checks to see if these values have opposite net changes between that bar and the current bar (or the previous bar if a requirement is added that the previous bar also be a local maxima or minima). For the most part, these formulas end up being too long and slow to be practical or post in the forums however.

I do not know when or if a built in pattern recognition system might be added to TC2000. I suspect a dedicated feature is the only way to get the type of complex pattern recognition you want.



-Bruce
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