Registered User
Joined: 1/9/2005
Posts: 8
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How can I start scanning for stocks completing ascending triangle patterns?
Thanks,
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Over what time period do you want to the triangle to form?
Do you want to find them before or after the break out or break down?
- Craig
Here to Help!
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Registered User
Joined: 10/20/2012
Posts: 68
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I also need to know this, looks like no one has done a PCF for ascending triangle patterns on tc2000?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You may wish to review the following for information on pattern recognition in TC2000 (the topics mentioning flags, pennants, triangle and wedge patterns will be most 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
Cup & Handle PCF
Double tops and bottoms
Flag wedge and pennant pcf
05/01/2012 Webinar: Trading the Flag and Pennant Patterns
That said, I personally do not think complex pattern recognition is practical in TC2000 using formulas and Scans. They are at the very least beyond my abilities to help you create without a specific unambiguous objective definition of what you are attempting to identify (it can't be an I know it when I see it type of definition or be based entirely on an image). This is true of pattern recognition in general with the exception of fixed size candlestick patterns (which are fairly straightforward as long as the pattern is well defined):
Boolean PCFs for Candlestick Patterns
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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