StockFetcher Forums · General Discussion · Head and Shoulders Pattern<< >>Post Follow-up
pkm22
6 posts
msg #38370
Ignore pkm22
10/7/2005 2:59:48 PM

Is there a way to write a filter that looks for head and shoulders patterns as described in William O'Neil's book "How to make money shorting stocks."
O'Neil states that stocks should be shorted after the price passes through the neck-line of the head and shoulders pattern and also through the 50 day moving average. I am new to this site so any help would be appreciated.


cvamichael
21 posts
msg #38629
Ignore cvamichael
10/31/2005 6:27:02 PM

Was there ever an answer to this? Does this pattern filter exist? I would like to use the Head and Shoulders filter as well. Thanks


riggs
313 posts
msg #38661
Ignore riggs
11/1/2005 11:12:24 PM

PKM22 & cvamichael -

Try this:

Fetcher[show stocks where MA(20)is approaching MA(50)from below and MA(20)has been increasing for the past 10 days and draw MA(13)and offset 1 days and draw bollinger band(20,2.0)draw IFT(5,9)and average volume(90)is above 100000]



Always remember, MA'S can appear as holograms if you L@@K at them long enough. Hope it's helpful.

RIGGS


jficquette
22 posts
msg #39322
Ignore jficquette
12/4/2005 2:27:33 AM

head and shoulders are simply pivots 9 times higher in time.

So for a H and S on a 5 min chart look to the 45 min chart to see if their is a pivot there. If so consider likey diection based on the 45 min chart to support the H and S and its typical or expected resolution.

John


StockFetcher Forums · General Discussion · Head and Shoulders Pattern<< >>Post Follow-up

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