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 Looking For A Simple Hammer PCF Rate this Topic:
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 Posted : Monday, December 22, 2008 12:30:41 PM
Gold Customer

Joined: 1/24/2005
Posts: 97
Can someone point me to a 1 day hammer PCF in this section ?  I'm sure I can write but why re-invent the wheel-any help would be appreciated.  Thanks
StockGuy
 Posted : Monday, December 22, 2008 12:38:03 PM

Joined: 9/30/2004
Posts: 9,187
Try this topic: Boolean PCFs for Candlestick Patterns
 Posted : Monday, December 22, 2008 1:00:05 PM
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Joined: 1/24/2005
Posts: 97
Thanks-that was helpful-I appreciate it Stockguy
pegasis
 Posted : Wednesday, December 31, 2008 7:02:15 AM
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Joined: 6/17/2005
Posts: 63

there are tons of formulas out on the web :)
robmat23
 Posted : Sunday, January 18, 2009 1:53:04 PM
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Joined: 1/14/2009
Posts: 1
I tried to make a PCF for finding hammer patterns using two separate formulas, one from the Boolean PCFs for Candlestick Patterns link provided earlier in this e-mail chain and one from a google search. The formulas were:

1. ((((C<O)*C)+ ((C>O)*O))*(-1))-L>=(H-L)*0.75 AND (H-L)>(AVGH21-AVGL21)
and
2. (((H-L)>3*(O-C))AND((C-L)/(.001+H-L)>0.6)AND((O-L)/(.001+H-L)>0.6))

I cut and pasted each formula separately into the formula area for creating a PCF. When I tested each I received an Error in Syntax Forumla message.

Any suggestions about what I'm doing wrong?
Bruce_L
 Posted : Monday, January 19, 2009 11:37:00 AM

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Joined: 10/7/2004
Posts: 65,138
robmat23,
Welcome to the forums. A very good foundation for learning how to use TeleChart can be gained by reviewing the following:

If you are new to TeleChart READ THIS FIRST!

Neither of the formulas produce any error messages when I test or update them in TeleChart. I know you said you pasted them separately, but are you attempting to combine them in some way? Is there something besides the formula in the Editing Formula window when you test them?

How to create a Personal Criteria Forumula (PCF)

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
ejr39
 Posted : Tuesday, March 17, 2009 1:13:17 PM
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Joined: 1/28/2005
Posts: 125

robmat23

((((C<O)*C)+ ((C>O)*O))*(-1))-L>=(H-L)*0.75

This part of the PCF finds the Japanese CandleStick Hanging Man

. a ‘special case’ of the Dragonfly Doji

AND (H-L)>(AVGH21-AVGL21)

This part is a Western attempt at a Wide Range Bar –

the most current bar’s range is greater than the 21-day average range.

Japanese CandleStick Pattern: Paper Umbrella

Bottom Reversal patterns (found at the end of a STRONG downtrend)

Hammer
(((H-L)>3*(O-C) AND
((C-L)/(.0001+H-L)>0.6) AND

((O-L)/(.001+H-L)>0.6)))

Hanging Man
(((H-L)>4*(O-C)) AND

((C-L)/(.0001+H-L)>=0.75) AND

((O-L)/(.0001+H-L)>=.075)))

Top Reversal patterns (found at the end of a STRONG uptrend)

Hanging Man PCF
(((H - L) > 4 * (O - C)) AND

((C - L) / (.001 + H - L) >= 0.75) AND

((O - L) / (.001 + H - L) >= .075)))

Shooting Star PCF
(((H - L) > 4 * (O - C)) AND

((H - C) / (.001 + H - L) >= 0.75) AND

((H - O) / (.001 + H - L) >= 0.75)))

ejr39

ejr39
 Posted : Tuesday, March 17, 2009 2:49:05 PM
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Joined: 1/28/2005
Posts: 125
FYI,

FREE at (external link removed by moderator)

Candlestick Charting Explained.pdf
by Gregory L. Morris