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Registered User
Joined: 10/18/2005
Posts: 10
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Hello would like to know, how can I create a PCF that shows a double bottom in a stock, can that be done with the help of stochastics ? or is there another way to show that. thanks
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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There are several ways you can do this once we define what will qualify as a double bottom. Can you elaborate on the pattern you want to find?
- Craig
Here to Help!
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Registered User
Joined: 10/18/2005
Posts: 10
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Hello Craig, thanks your ansewer, well what I m looking with the PCF is to find stocks that have reached the bottom of their price, and have found a support there. Am I that clear ? Thanks Regrads Victor Rendon
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Registered User
Joined: 10/18/2005
Posts: 10
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Hello Craig, me again, Victor Rendon, have no way in this mail to elaborate a pattern. don t know how to draw it, but what I m looking is a pattern like a W maybe with a space in days between each bottom of one to three months at least, and that W must at the very bottom of the chart, that is the lowest price, like the ones we re facing now. Would like tocatch those stocks, who touch it s lowest price and retested again. Hope my question is clear. Thanks Victor Rendon
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Registered User
Joined: 10/18/2005
Posts: 10
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Hello Craig, no ansewer from you, to my sep 23 question ? hope you have time to ansewer soon thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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tolcho,
Craig may have some additional ideas, but you may wish to review the following for information on pattern recognition in TeleChart (especially the topics related to finding double bottoms):
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
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
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Registered User
Joined: 10/7/2004
Posts: 1,279
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I personally think there are a number of ways of doing this.
And have proven it.
Bill
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Architect,
Claiming you have a solution without providing it doesn't help anyone and isn't a useful contribution to the forums.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 1,279
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It is a useful contribution in that they now know that it can be done.
For you to suggest that I should freely give up my extensive work is disingenuous.
In blocks, there were over 14,000 hits on my threads, that is and remains a huge contribution that we made to the Blocks community.
That I figured out how to carry things further not in that forum is my perogative.
Knowing that something can be done is a huge contribution.
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Administration
Joined: 9/30/2004
Posts: 9,187
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QUOTE (Architect) It is a useful contribution in that they now know that it can be done.
For you to suggest that I should freely give up my extensive work is disingenuous.
That I figured out how to carry things further not in that forum is my perogative.
Knowing that something can be done is a huge contribution.
It doesn't really contribute much to this forum. It's easy to tell others that something is possible. But if you aren't at least willing to offer a step in the right direction, then it rings a bit hollow, if not pompous.
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