• 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 » PCFs, EasyScan and Custom Indicators » Possible to use PCF to scan for double tops or double bottoms trends?

Possible to use PCF to scan for double tops or double bottoms trends? Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
pywong
Posted : Wednesday, December 12, 2007 10:33:19 AM
Registered User
Joined: 9/30/2007
Posts: 12

I am wondering if it is possible to use PCF to scan for trends like double tops / bottoms, head and shoulders, triangle and flags?

If possible, is there any example?

Thanks.
Back to top
Bruce_L
Posted : Wednesday, December 12, 2007 10:48:51 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 You may wish to review the following for information on pattern recognition in TeleChart:

Falling wedge
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

That said, I personally do not think there is a practical way to do this 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
Back to top
pywong
Posted : Wednesday, December 12, 2007 11:15:09 AM
Registered User
Joined: 9/30/2007
Posts: 12
 Thanks for the quick reply. Quite a bit of info, I will check it out and post back here if I have questions.
Back to top
Bruce_L
Posted : Wednesday, December 12, 2007 11:19:07 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 You're welcome.
-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.