I have been trying to develop a filter for Wyckoff springs and upthrusts but with limited results.
Can someone help me develop filter that have the following criteria for upthrust only (doesnt have to be both upthrusts and springs):
1. High must cross/break base or consolidaton (channel) resistance area.
2. close must close back below resistance. (It is better if the open also opened below resistance)
3. This can be very powerfull if the resistance area is strong monthly or weekly highs, or long and "pretty" consolidations of a 1 - 3 months.
ps. It would bee great if someone could returned this filter in both weekly and daily.
pss. A little note about this strategy is to screen it with the higher timeframe, and trade it on the next lower timeframe.
*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.