Registered User
Joined: 9/30/2007
Posts: 12
|
I am wondering if it is possible to use PCF to scan for trends like double tops / bottoms, head and shoulders, triangle and flags?
If possible, is there any example?
Thanks.
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You may wish to review the following for information on pattern recognition in TeleChart:
Falling wedge
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
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 candlestick patterns:
Boolean PCFs for Candlestick Patterns
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|
Registered User
Joined: 9/30/2007
Posts: 12
|
Thanks for the quick reply. Quite a bit of info, I will check it out and post back here if I have questions.
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|