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Micro Double Tops/Bottoms

Printed From: BullCharts Forum
Category: BullCharts
Forum Name: BullScan
Forum Discription: For discusssions on BullScan
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=620
Printed Date: 19 May 2024 at 5:12am
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Topic: Micro Double Tops/Bottoms
Posted By: wacazac
Subject: Micro Double Tops/Bottoms
Date Posted: 14 Mar 2010 at 12:37pm
I have been eyeballing charts for these patterns which are reasonably successful but very time consuming to find so if someone could code it up  for a scan that would be great.Big%20smile

For Double Bottom

1/ 50 day ma of today must be greater than yesterday
2/ Must be minimum of 2 bars between low points
3/ Maximum 15 bars between low points
4/ Entry is High of first  outside bar counting back from 2nd low
5/ Lows can be different by point 5% (don't have to match exactly)
6/ Stop is 1 cent below 2nd low point

For Double Top

Reverse Double Bottom

This is NOT my work, it's from "Adaptive Analysis for Australian Stocks" & no I'm not selling the book
Regards Wacazac

 



Replies:
Posted By: slips
Date Posted: 16 Mar 2010 at 2:57pm
when i do my trades ticker some of the prices come up with sh ep sx beside them mayb showing my ignorance but wats it mean regards slips

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slips



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