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Strategies & Market Trends : Candlestick Charting--The unknown indicator
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To: Gottfried who wrote (1172)3/18/1998 11:09:00 PM
From: ftth  Read Replies (1) of 1589
 
Hi GM: Sure, that could be done with QuotesPlus or Investigator 2.0. The basic form of the scan would be (for a bottom):

low(0)-high(-1) >0; //the number in parens is the day; 0 is today, -1 is yesterday, etc.
AND
low(-2) - high(-1) >0;
AND
open(0)-close(0)=0; //Or maybe you relax this one a bit and allow something slightly more than 0.

Other additional factors for the high-low range of day(-1) being within certain bounds and for the offset of the star within the day's range could also be added as you see fit (for example, c(-1)> (1/3 * (h(-1)-L(-1))+L(-1)
AND C(-1)< H(-1)-(1/3* H(-1)-L(-1))
AND H(-1)-L(-1)< 1/2* 9-day MA of H-L

or something along those lines.

dh
P.S Also, Metastock has some built-in candlestick function calls, but no abandoned baby.
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