trade_4_money
6 posts
msg #37589
- Ignore trade_4_money |
8/22/2005 10:31:57 PM
I am wondering if anyone can give me some hint on making one or two filters to find stocks have bullish pennant or bullish flag continuation pattern for the past 5 trading days.
Thanks in advance.
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jclaffee
81 posts
msg #37590
- Ignore jclaffee |
8/23/2005 1:13:10 AM
Have you checked out the "Short Term Pattern Matching" section on the SF home page?
Jim
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rtucker
318 posts
msg #37614
- Ignore rtucker |
8/24/2005 9:00:21 AM
I tried this some time ago and could only do as well as this.
It looks for a very recent advance(5 day slope of close x days ago > .1). A slope of 1 would mean price doubled in that 5 day period. Then, it looks for a 4 day, or 5 day, or 6 day colsolidation where price cannot advance and give back up to half(.05).
The slope and pullback are adjustable to your volatility requirements.
Some charts look good, but, many do not. Search on "flag" and "flagpole" to see prior thread(s) on this topic.
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yepher
359 posts
msg #37639
- Ignore yepher |
8/25/2005 11:28:11 PM
Not sure this will help but you might try:
Here is some more info you might find useful:
Abbreviations:
• SYMTRI
• ASCTRI
• DIVTRI
• DSCTRI
• Lower 3x5ATR
Others:
• Lower Descending Triangle
• Lower Diverging Triangle
• Upper Descending Triangle
• Upper Diverging Triangle
• symmetric triangle top
• upper symmetric triangle
• symmetric triangle upper
http://yepher.com/~yepher/stockfetcher/command-cmddoc.html#Triangles%20(Ascending/Descending/Symmetric/Diverging)
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trade_4_money
6 posts
msg #37671
- Ignore trade_4_money |
8/27/2005 2:55:04 AM
Thanks all for the info.
Chart like this one below inspired me to look for stocks with pennant pattern. I caught GLNC from 0.33 to 1.40s on this formation a few days ago.
Well I do the patterm match method, it generated hundreds, none really matched it. I'll test of others you suggested. Thanks a lot!
http://stockcharts.com/def/servlet/SC.web?c=glnc,uu[p,a]dhcayiay[d20050722,20050825][pb5!b10!d20,2!f][vc60][iub14!lw14!lp14,3,3!le5,10,1!ld20!lah12,26,9!lk14][j57320216,y]&listNum=3
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