Registered User
Joined: 10/12/2011
Posts: 8
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is there a PCF to recognize Cup and Handle patterns? if so could it be set up in a specific price range such a between 5$ and 60$, and would it need a timeframe?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You may wish to review the following for information on pattern recognition in TeleChart 2007 and TC2000 version 12 (concentrating on topics mentioning cup and handle):
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
That said, I personally do not think complex pattern recognition is practical in TeleChart using Personal Criteria Formulas and EasyScans. 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):
Boolean PCFs for Candlestick Patterns
Restricting price to between five dollars and sixty dollars could be done with the following Condition Formula:
5 <= C AND C <= 60
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 3/2/2010
Posts: 2
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Great post of data. Looking for these formula's for just this type of things!
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