StockFetcher Forums · Filter Exchange · Cup and handle pattern<< >>Post Follow-up
Heman49
3 posts
msg #63096
Ignore Heman49
5/28/2008 1:58:08 PM

This would probably be difficult, but does anyone have any insight or info on making a filter that scans for cup and handle patterns? This seems to be the most bullish of chart patterns

Thank you

nikoschopen
2,824 posts
msg #63098
Ignore nikoschopen
5/28/2008 2:04:46 PM

Fetcher[pattern is cup and handle]



WALLSTREETGENIUS
983 posts
msg #63114
Ignore WALLSTREETGENIUS
modified
5/28/2008 10:05:47 PM

Come on Niko...you cant just leave it at that...right? Those cups are crap! You need a crossover, and you need to know at what point. Here's how you get it....and notice how they are all getting ready to rocket?


Fetcher[ema(10) crossed above ema(30) from below
and ema(60) is more than 2% above ema(30)
draw ema(45)

Average volume(30) is above 100000
volume is above 100000
chart-length is 2-months
close is above 5
Sort column 3 descending
offset 0

Set{MA50,CMA(RSI(2),50)}
set{SD,cstddev(RSI(2),50)}
set{SD50,1.4 * SD}
set{BOLU,MA50 + SD50}
set{BOLD,MA50 - SD50}

draw BOLU on plot RSI(2)
draw BOLD on plot RSI(2)

set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VolCnt, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

add column volpct
add column Vdbl
ADD COLUMN SEPARATOR
add column sector
add column industry
ADD COLUMN SEPARATOR
add column PE
add column RSI(2)
add column CCI(100)
]





WALLSTREETGENIUS
983 posts
msg #63115
Ignore WALLSTREETGENIUS
5/28/2008 10:18:05 PM

Just one other thing....if you are going to limit yourself to "patterns"...then the market had better be mimicking this pattern as well. Fortunately for you, this current market is in a "right-side-lift" pattern. So you should be able squeeze out a few more for about another 10 days or so. You missed the boat about 2-3 weeks ago with this particular pattern. I'll bet more than 3,000 of them passed you by already.

Good Luck,



RIGGS

nikoschopen
2,824 posts
msg #63116
Ignore nikoschopen
modified
5/29/2008 1:45:12 AM


Quote from optiongurus:

Come on Niko...you cant just leave it at that...right?

Riggs, I thunk ya misunderstood me (as usual). My reply was merely meant as a rhetorical answer to show that this pattern is already available. The question of whether I believe this pattern is good or not is another matter altogether. However, I believe SF did an admirable job of providing C&H, regardless of how rudimentary it might otherwise be, since C&H is a real bitch to code. Be that as it may, here's a real hack job that should spit out stocks with some resemblance to C&H.

Fetcher[
Slow Stochastic(50) Fast %K above 90
set{diff, high 2 month high 2 months ago / high 2 month high}
set{diff2mo,high 2 month high - low 2 month low}
set{diff4mo, diff2mo 8 weeks ago}
set{ratio, diff2mo / diff4mo}
ratio between 0.33 and 0.66
diff between 0.97 and 1.03
]



WALLSTREETGENIUS
983 posts
msg #63118
Ignore WALLSTREETGENIUS
5/29/2008 10:04:03 AM

.....thata boy!....

nikoschopen
2,824 posts
msg #63119
Ignore nikoschopen
5/29/2008 10:52:01 AM

Ure more than welcome, homey.

johnpaulca
11,290 posts
msg #63141
Ignore johnpaulca
5/30/2008 10:50:09 AM

Niko...I executed your filter yesterday and came up with one stock...WIND...up 12% today....very nice...thanks bro.

nikoschopen
2,824 posts
msg #63142
Ignore nikoschopen
5/30/2008 11:35:54 AM

Sweet! I'm only glad to help.

chetron
2,817 posts
msg #63183
Ignore chetron
5/31/2008 5:41:45 PM

or maybe....

Fetcher[


SET{VAR1,COUNT(HIGH 2 DAY AGO > HIGH 3 DAY AGO,1)}
SET{VAR2,COUNT(LOW 2 DAY AGO > LOW 3 DAY AGO,1)}
SET{VAR3,COUNT(HIGH 1 DAY AGO < HIGH 2 DAY AGO,1)}
SET{VAR4,COUNT(LOW 1 DAY AGO < LOW 2 DAY AGO,1)}
SET{VAR5,COUNT(HIGH < HIGH 1 DAY AGO,1)}
SET{VAR6,COUNT(LOW < LOW 1 DAY AGO,1)}

SET{VAR11,VAR1 * VAR2}
SET{VAR12,VAR11 * VAR3}
SET{VAR13,VAR12 * VAR4}
SET{VAR14,VAR13 * VAR6}
SET{SHORT_ME,VAR14 * VAR5}


SET{VAR21,COUNT(HIGH 2 DAY AGO < HIGH 3 DAY AGO,1)}
SET{VAR22,COUNT(LOW 2 DAY AGO < LOW 3 DAY AGO,1)}
SET{VAR23,COUNT(HIGH 1 DAY AGO > HIGH 2 DAY AGO,1)}
SET{VAR24,COUNT(LOW 1 DAY AGO > LOW 2 DAY AGO,1)}
SET{VAR25,COUNT(LOW > LOW 1 DAY AGO,1)}
SET{VAR26,COUNT(HIGH > HIGH 1 DAY AGO,1)}

SET{VAR31,VAR21 * VAR22}
SET{VAR32,VAR31 * VAR23}
SET{VAR33,VAR32 * VAR24}
SET{VAR34,VAR33 * VAR26}
SET{BUY_ME,VAR34 * VAR25}

SET{PLAYS,SHORT_ME + BUY_ME}

ADD COLUMN SHORT_ME
ADD COLUMN BUY_ME

DRAW SHORT_ME
DRAW BUY_ME

PLAYS > .5
pattern is cup and handle

DO NOT DRAW PLAYS
sort column 6 descending



]



StockFetcher Forums · Filter Exchange · Cup and handle pattern<< >>Post Follow-up

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