Registered User Joined: 10/7/2004 Posts: 9
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Has anyone developed a personal criteria formula for finding double bottoms or tops? Before I start from scratch I'd like to see what's already out there. Thanks
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 Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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There really isn't anything similar for complex pattern recognition. Clicking on an indicator and selecting Create Scan Condition only works for the conditions which are built into the program.
Create Conditions from Your Chart (5:25)
You may wish to review the following for information on pattern recognition in TC2000 (concentrating on topics mentioning double bottoms or tops).
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
Double tops and bottoms
Flag wedge and pennant pcf
05/01/2012 Webinar: Trading the Flag and Pennant Patterns
Head and shoulders
TC 2000 Bull flags, Bear Flags
PCF for rounded bottom trading
That said, I personally do not think complex pattern recognition is practical in TC2000 using formulas and Scans.
They are at the very least beyond my abilities to help you create without a specific unambiguous objective definition of what you are attempting to identify. It can't be an I know it when I see it type of definition or be based entirely on an image.
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. The first topic referenced in the post has formulas for candlestick patterns.
The following topic has has Condition Formulas to identify candlestick patterns in TC2000.
Boolean PCFs for Candlestick Patterns
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/7/2004 Posts: 9
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Thanks Bruce.
I did find some old stuff on this forum. I'll check it out and review the links you provided. I believe that to create any PFC or Easyscan requires the abily to accuratly define the pattern in terms of what's possible within the PCF writer. If you can't define direction and time and price or percentage then you can't write an effective PCF. I guess the only issue is, are the tools available after I Idefine my criteria correctly?
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 Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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The tools are there to calculate things like percent change, change in direction, etc... but if the span of time over which the pattern is not fixed, you would normally need to check for each span of time individually within the formula.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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