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Registered User
Joined: 8/17/2006
Posts: 3
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Hi,
I am a newbie. I searched for fry pan bottom or dumpling top -pcfs and did not find it any where. Where can I find formulas for these or What is the best way to find these. Any help is greatly appreciated.
Thank you,
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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These are not "candlestick" patterns, they are just regular price patterns.
You can find all the candlestick patterns here: Boolean PCFs for Candlestick Patterns
Over what time period do you want the Fry Pan or Dumpling to form (in days)?
- Craig
Here to Help!
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Registered User
Joined: 8/17/2006
Posts: 3
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Hi Craig,
Thank you for the response and the link! I am thinking 7-10 days for fry pan bottom and breakout. for pcf, i am thinking (gapupToday + 7-10days of consolidation). I will try to search for consolidation formulas.
Thank you,
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Try creating the following PCF:
Trend/Consolidate 7days - no today
100*(MAXH7.1-MINL7.1)/(AVGH7.1-AVGL7.1)
Once you create and calcualte this PCF try creating the following EasyScans
EasyScan #1
Gapped Up Today after poor 26-wk
WatchList (ALL STOCKS)
Price Per Share (limit based on your trading)
Volume 90-day (limit based on your trading)
Price Percent Change 26-weeks (LIST RANK MIN to 25)
Gappers (Gap Up)
Save your EasyScan and SORT the resulting WatchList by "Trend/Consolidate 7days - no today" in ASCENDING ORDER. This should bring your best candidates to the top.
EasyScan #2
Gapped Down Today after good 26-wk
WatchList (ALL STOCKS)
Price Per Share (limit based on your trading)
Volume 90-day (limit based on your trading)
Price Percent Change 26-weeks (LIST RANK 75 to MAX)
Gappers (Gap Down)
Save your EasyScan and SORT the resulting WatchList by "Trend/Consolidate 7days - no today" in ASCENDING ORDER. This should bring your best candidates to the top.
- Craig
Here to Help!
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Registered User
Joined: 8/17/2006
Posts: 3
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wow!!!...that was very quick...Thanks a lot..really appreciate your help...you have saved me a lot of time.
Thanks again.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Glad to hear it.
- Craig
Here to Help!
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