StockFetcher Forums · Filter Exchange · W FORMATIONS ON A CHART<< >>Post Follow-up
2 posts
msg #74178
Ignore fidelz
5/6/2009 9:43:15 PM

does anyone know how to create a filter on a daily chart that recognizes w formations on a chart ,whether it be on the price chart or stochastics chart.or is there another phrase other than "w formations" thanx

2,817 posts
msg #74179
Ignore chetron
5/6/2009 9:48:01 PM



2 posts
msg #74180
Ignore fidelz
5/6/2009 10:41:29 PM

never mind i've found a solution,just create a filter that shows all stocks with volume above for example 1,000,000 and that gives you at least 1500 stocks .then you can just scan and scroll charts looking for "w formations or patterns" on the stochastics.if you can catch a "w" forming it has a probability of breaking out to the upside.if it has already formed your too late.

4,689 posts
msg #74181
Ignore Eman93
5/6/2009 11:09:00 PM

this sorta helps............. look in the manual under patterns

Fetcher[close is above 1
Volume is above 100000
show stocks where pattern is incomplete double-bottom(5)

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