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finding stocks with a certain chart pattern Rate this Topic:
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Posted : Thursday, November 5, 2009 7:40:32 PM
Registered User
Joined: 7/23/2005
Posts: 128

I would like to find stocks with a certain price pattern. this pattern does not have a standard name like head and shoulders, or asecending triangle etc. I guess the best way to explain it is to actually give you some examples of some charts that exhibit this pattern and see if you could help me.

please see the following charts
QCOM (the pattern formation between the 2nd october to the 2nd november), this is kind of a U shaped consolidation formation formed over a period of around 20 days or so.

SAFM (pattern formation between the 6th oct to the 5th november). again this is a kind of like a sidways consolidation shape over a period of around 20 days or so.

HTS (same U shaped consolidation formation  as QCOM) again formed between 2nd october and 2nd november). 

some of the other examples are: (the shape in question has formed in the last 20 days or so, from start of october)


I hope the examples I have given are sufficient to derive a useful PCF from. 
thanks for your help

Posted : Friday, November 6, 2009 11:54:09 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138
Looks like a U really isn't the sort of objective definition that is required to develop a Rule to identify a particular pattern (although the fact that it has a fixed length of twenty bars is useful).

When I look at many of the symbols mentioned, they don't even look that much like a U to me over the periods mentioned. I tried to think of things that might be True for all of the symbols (like maybe having a certain number of bars at both ends be above a Linear Regression Line while the center is below the Linear Regression Line), but none of them seemed to be True for all of the symbols.

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