Registered User
Joined: 9/1/2009
Posts: 14
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Can you please advise if I am able to scan on both a daily chart & a weekly chart for a W bottom. Any help you can offer on a PCF or easy scan to find these patterns would be appreciated.
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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 (probably concentrating on double bottom topics):
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
Cup & Handle PCF
That said, I personally do not think complex pattern recognition is practical in TeleChart using Personal Criteria Formulas and EasyScans. This is true of pattern recognition in general with the exception of fixed size candlestick patterns (which are fairly straightforward as long as the pattern is well defined):
Boolean PCFs for Candlestick Patterns
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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