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Doji in oversold area @ Gap up through 8 day EMA Rate this Topic:
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trout2
Posted : Monday, May 12, 2014 9:19:01 PM
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Joined: 12/9/2008
Posts: 30

Hi Bruce,      How would this be written ?     A gap up after a doji in an oversold condition and selling for under $12.       Also,  A doji is followed by a gap up through the 8 day EMA.  Thank You 

Bruce_L
Posted : Tuesday, May 13, 2014 3:19:03 PM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Assuming a "gap up" has the low of the current bar above the high of the previous bar the gap up after a true doji (where the open equal the close with wicks both above and below the bar) and price under 12 could be written as:

12 > C AND L > H1 AND H1 > O1 AND O1 = C1 AND C1 > L1

I would need your particular objective unambiguous definition of "in an oversold condition" to help you add the requirement to the Condition Formula.

Swapping out the selling for under $12 for the gap up happening through the 8-period exponential moving average would result in the following Condition Formula instead.

L > XAVGC8 AND XAVGC8.1 > H1 AND H1 > O1 AND O1 = C1 AND C1 > L1

Boolean PCFs for Candlestick Patterns



-Bruce
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