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Registered User
Joined: 3/22/2005
Posts: 11
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I'd like to include all of my favorite candlestick signals in one easyscan so that I can identify all securities that include any of the signals as of the close of the latest trading day (end of day data). Is this possible? Thanks.
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Registered User
Joined: 4/18/2005
Posts: 4,090
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You shure can. check out these two threads and decide which aproach is best for you.
http://www.worden.com/training/default.aspx?g=posts&t=7989
http://www.worden.com/training/default.aspx?g=posts&t=7860
You could create a different scan for each candel signal that you like or one scan for all of them.
For the latter you would create teh PCF for each candle formula and then connect them al with "OR" and make one long PCF chain... save that in your PCF's and then select it from the menue when building the scan.
so for example Say you wanted to scan for Engulfings, dragon flies, and concealing babys that would be :
Engulfing
ABS(C1-O1)>(H1-L1)*0.50 AND
C1<O1 AND
C>O1 AND
O<C1
Concealing Baby Swallow
O3=H3 AND
C3=L3 AND
O2=H2 AND
C2=L2 AND
C1<O1 AND
O1<C2 AND
H1>C2 AND
O=H AND
C=L AND
H>H1 AND
L<L1
Hammer/Dragonfly Doji
((((C<O)*C)+ ((C>O)*O))*(-1))-L>=(H-L)*0.75 AND
(H-L)>(AVGH21-AVGL21)
Those are the individual components. To put it all togeather you get:
ABS(C1-O1)>(H1-L1)*0.50 AND
C1<O1 AND
C>O1 AND
O<C1
OR
O3=H3 AND
C3=L3 AND
O2=H2 AND
C2=L2 AND
C1<O1 AND
O1<C2 AND
H1>C2 AND
O=H AND
C=L AND
H>H1 AND
L<L1
OR
((((C<O)*C)+ ((C>O)*O))*(-1))-L>=(H-L)*0.75 AND
(H-L)>(AVGH21-AVGL21)
NOTE* if you do want to look for dragon flies I have a PCF that is a bit more expansive to include a pattern some teach as a "Dragon" it's bigger than a doji. Often they are key reversals. It's a slight modification of the Dragonfly Doji pattern. Craig helped me with it so you can find it here:
http://www.worden.com/training/default.aspx?g=posts&t=31067
Hope this helps.
Scott
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (scottnlena) To put it all togeather you get:
ABS(C1-O1)>(H1-L1)*0.50 AND
C1<O1 AND
C>O1 AND
O<C1
OR
O3=H3 AND
C3=L3 AND
O2=H2 AND
C2=L2 AND
C1<O1 AND
O1<C2 AND
H1>C2 AND
O=H AND
C=L AND
H>H1 AND
L<L1
OR
((((C<O)*C)+ ((C>O)*O))*(-1))-L>=(H-L)*0.75 AND
(H-L)>(AVGH21-AVGL21)
Scott,
A property peculiar to TeleChart is that ORs are executed before ANDs. You have to use parentheses as shown:
(ABS(C1-O1)>(H1-L1)*0.50 AND
C1<O1 AND
C>O1 AND
O<C1)
OR
(O3=H3 AND
C3=L3 AND
O2=H2 AND
C2=L2 AND
C1<O1 AND
O1<C2 AND
H1>C2 AND
O=H AND
C=L AND
H>H1 AND
L<L1)
OR
(((((C<O)*C)+ ((C>O)*O))*(-1))-L>=(H-L)*0.75 AND
(H-L)>(AVGH21-AVGL21))
in order to obtain the desired results.
Thanks,
Jim Murphy
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Registered User
Joined: 4/18/2005
Posts: 4,090
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Bustermu...
Well spotted.. thanks.. missed that out there.
Yes each candle pattern would need to be with in parentheses and seperated by an "OR".
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Registered User
Joined: 3/22/2005
Posts: 11
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Thanks a lot. I appreciate the education.
bluerhino
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