Registered User
Joined: 2/4/2009
Posts: 2
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Craig - I am sure you have heard all of this before. Saw you in Santa Clara BTW and you are a great teacher but I have a poor memory.
Okay - I am trying to earn my bottle of champagne
I am new, a subscr. of Tele and Stpfndr, and I am working on a trade strategy. Which includes some shorts in the portfolio. I am looking for stcoks that would go down anyway but if the market tanks, I get stopped out of my longs and off set that with brilliant shorts. So, if I wanted to scan for the double top, is that possible? I have tried but I have had mixed results, at best, on my easy scans or real code programming. i don't think it's your fault, I am just not the sharpest tool in the shed.
Thanks for ANY feedback.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Craig has been experimenting with a Double Bottom Rule for StockFinder that can be accessed by selecting Add Rule | Select... Double Bottom.
Double Bottom rule
You may wish to review the following for information on pattern recognition in TeleChart (probably concentrating on those mentioning double or triple tops and bottoms):
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
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 fixed size candlestick patterns:
Boolean PCFs for Candlestick Patterns
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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