Morning Y,
I believe you will find the pattern is valuable.
But are you coding a buy or sell wiggle for this group...?
The formation as coded is not quit right...and giving false signals. I don't know code so can't help here.
You were very close to the 3 day buy pattern in the last set that I checked. Agreed don't try and code the 5 or 7 day until you get this 3 day down.
Here is an Good Buy Wiggle in the Utilities:
1)17/04/200 spike down high close
2)18 higher high and low, lower close
3)19 3) lower low then second day and then closes above the opening of the third day and above the high of the first day [Note: close above the firstday high is very tight.
siliconinvestor.com
Take a look:
CAT 25/07/96 4,87% -0,19% -25,0 2 Day high
Sell wiggle not in a down trend, Not a buy wiggle
CAT 04/03/97 4,48% -0,32% -14,0 2 Day high
third day,s low is not right
CAT 28/02/96 0,18% 3,44% 0,05 154 Day high
5 day buy wiggle, but 2nd day is not completely formed
CAT 04/08/95 -1,30% 7,83% -0,17 2 Day high
Sell wiggle beginning on 2nd, but within a trend and without a formal peak.
CAT 08/11/94 1,97% 2,00% 0,98 2 Day high
No wiggle at all here
DIS 04/01/99 19,24% -0,42% -45,6 2 Day high
Not a buy wiggle...look carefully at the 2nd day high and close and the 3rd's low.
It's actually a 3 day sell wiggle starting on 30/12/98
DIS 01/11/96 5,34% 0,19% 27,95 2 Day high
Buy wiggle is not formed right
DIS 27/01/94 1,34% 0,81% 1,65 11 Day high
Sell wiggle Well formed, good peak starting 25/01/94
DIS 16/06/92 0,00% 5,42% 0,00 3 Day high
Nothing, but 12/06/92 is a well formed sell wiggle, but not at a high for the move |
