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Webinar 4 Oct 2011 - Targeting the Bottom of a Pullback Rate this Topic:
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thephantomtrader
Posted : Friday, October 7, 2011 6:50:18 AM
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Joined: 12/17/2007
Posts: 108
Hi,
Can you post all formulae for the following please on same page.
Bullish Engulfing Pattern
Bullish Piercing
Bullish Morning Star
Bullish Hammer
Bullish Harami
Bullish Kicker
Bruce_L
Posted : Friday, October 7, 2011 8:51:14 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
I will bring this topic to Julia's attention. You may want to take a look at the Boolean PCFs for Candlestick Patterns topic in the meantime.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
Julia_O
Posted : Friday, October 7, 2011 12:36:36 PM


Worden Trainer

Joined: 4/26/2007
Posts: 508
Hi charlesduignan,

Here are the requested formulas:

Bullish Engulfing Pattern:
(O1>C1)AND(C>O)AND(C>=O1)AND(C1>=O)AND((C-L)/(.001+(H-L))>0.6)AND(ABS(O1-C1)<ABS(C-O)*.5)

Bullish Piercing
(O1>C1)AND((O1-C1)/(.001+(H1-L1))>.6)AND(C>O)AND((C-O)/(.001+(H-L))>.6)AND(O<C1)AND(C>C1)AND(C>(C1+((ABS(O1-C1))*.5)))AND(C<O1)

Bullish Morning Star
(O2>C2)AND((O2-C2)/(.001+H2-L2)>.6)AND(C2>O1)AND(ABS(O1-C1)<ABS(O2-C2)*.5)AND((H1-L1)>(3*(C1-O1)))AND(C>O)AND(O>O1)AND(O>C1)

Bullish Hammer
(H-L)>(3*abs(O-C))AND((C-L)/(.001+(H-L))>0.8)AND(O-L)/((.001+(H-L))>0.8)

Bullish Harami
(O1>C1)AND(C>O)AND(C<=O1)AND(C1<=O)AND(O1-C1)/((.001+(H1-L1))>0.6)AND(C-O)/((.001+(C1-O1))<.6)ANDABS(O1-C1)>((ABS(O2-C2)+ABS(O3-C3)+ABS(O4-C4)+ABS(O5-C5)+ABS(O6-C6)+ABS(O7-C7)+ABS(O8-C8)+ABS(O9-C9)+ABS(O10-C10))/10)*1.3

Bullish Kicker
(O3-C3)/((.001+(H3-L3))>0.6)AND(O2-C2)/((.001+(H2-L2))>0.6)AND(O1-C1)/((.001+(H1-L1))>0.6)AND(C3<O3)AND(C2<O2)AND(C1<O1)AND(C>O)AND(O2<C3)AND(O1<C2)AND(O>O1)AND(C-O)/((.001+(H-L))>0.6)

Best,
Julia

thephantomtrader
Posted : Saturday, October 8, 2011 2:04:53 AM
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Joined: 12/17/2007
Posts: 108
Hi Julia,

Many thanks for the formulae.
smoon777
Posted : Monday, October 10, 2011 10:09:21 AM
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Joined: 1/24/2005
Posts: 43
I know that scanning for candlestick patterns is not an exact science but I noticed a difference in the PCF formulas listed in the "official" post #7989     http://forums.worden.com/default.aspx?g=posts&t=7989 and the more robust looking formulas posted above by Julia. I did a column by column comparison and got varying results. Julia's formulas appeared to be more precise.

Would it be possible to get an updated "official" list of significant bull and bear candlestick PCFs that would be considered the best approach? Or better yet, get the significant ones added to TC2000 as permanent conditions?


And Julia, the
10/04/2011 webinar was excellent. You and Michael put a lot of work into preparing for the webinars and the results show it.

Bruce_L
Posted : Monday, October 10, 2011 10:30:36 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
The Boolean PCFs for Candlestick Patterns topic has been updated to reflect Julia's formulas.

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
smoon777
Posted : Monday, October 10, 2011 10:36:09 AM
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Joined: 1/24/2005
Posts: 43
Wow, Julia is quick. :)Thanks Bruce.Randy
cwilp
Posted : Monday, October 31, 2011 6:04:15 PM

Registered User
Joined: 3/21/2011
Posts: 21
Hello Bruce and Julia,I just watched this webinar last night and loved it. The power point was a big help as well. I did a screen shot of the candles and saved in my trading journal.I would like to know what candle signals you use for bearish signs. There are so many and I was hoping you could narrow it down like you did with the bullish signals - the top six.Thanks,Chuck
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