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Finding Triple Bottoms with Price Recovery Rate this Topic:
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robmelbye
Posted : Monday, April 30, 2007 12:52:25 PM
Registered User
Joined: 11/9/2004
Posts: 19

I am looking for stocks that have hit a triple bottom over the course of last 6 months to a year , but the current price has just moved higher than the highest high over that period - specifically stock price has recovered and looks like the long term downtrend is over.

I am more of a long -term trader/investor.

Can you help design an easyscan that would locate such stocks - only interested stocks more than $4 per share and and the volume is upper 60% of the market.

Rob
Craig_S
Posted : Monday, April 30, 2007 12:58:42 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
The PCF language used to create criteria for EasyScan require use to define specific time spans. This is not conducive to scanning for intricate patterns like triple bottoms.

That being said, I use to use the technique in the video below to find triple bottoms, check it out.

Scan for stocks bouncing in a lateral channel

You should also explore the BackScanner for the Blocks Player. It has a great variable plan sequence feature that does not have the limitations of the PCF language.

To download The Block Player, please check out the Blocks Player Web Site

For information on the Modular Tools by Worden for the Blocks Player, check out the Web Site

For information, videos and to activate BackScanner, please check out the BackScanner Site


- Craig
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