 Gold Customer
Joined: 9/26/2005
Posts: 22
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Dear trainer,
I would like to get your help in writing a PCF for an "Bottom Head and Shoulder". The specific examples are Au and SOLF. The signal comes on about 5/1/08 when RSI (14,3) just turns up. The current low of RSI (14,3) is higher than its previous low. More importantly, at the 4-6 month low of price, the RSI (14,3) is higher than its previous low. Any help would be appreciated.
Thanks,
Joginder
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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 TeleChart:
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
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
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