StockFetcher Forums · General Discussion · SWING TRADING<< 1 ... 8 9 10 11 12 >>Post Follow-up
haskellb2006
22 posts
msg #66731
Ignore haskellb2006
8/28/2008 12:48:54 AM

well perfect W for me is when the second leg is a retrace of about 70 percent... so a W with the right bottom higher than the left bottom ...

So that rules out a true double bottom.....I have tried the DB filter and frankly I didnt care for it....plus W patterns occur all the time IE: uptrending and downtrending .......

if I were to add anything else, it would be the length of time between the bottom points, like for example 15 days...something like that...


HB

haskellb2006
22 posts
msg #66732
Ignore haskellb2006
8/28/2008 1:02:51 AM

I guess another way to think of the W is a simple ABC pattern, with the 'C' identified at a preset level of retracement like
50% or .618 or .707

That would be a really cool way to locate potential W's and then do a visual scan of the list.

The whole concept has been done in other charting program indicators , like Presavento Gartley patterns ect.

I just have not found a way to scan for them.

FuriousThug
256 posts
msg #66734
Ignore FuriousThug
8/28/2008 2:11:46 AM

So, right bottom higher than left bottom narrows it down a bit...

W4 & W5 are equivalent to narrowing triangles.
W9 & W10 (as well as W13 and W15) are all H&S variations
W14 and W16 are basically uptrends with higher highs.

I think eyeballs might still be the best filtering mechanic for finding Ms and Ws...then again, I'm not one of the coding wizards here.


FT

StockFetcher Forums · General Discussion · SWING TRADING<< 1 ... 8 9 10 11 12 >>Post Follow-up

*** 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.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus