Doug--
The ascending triangle scan that I tried, is a simple little thing that uses rising minimums over subsequent periods, while the maximums for the period are nearly constant. I'm still experimenting with various time periods(the one below is for 60 days; also tried 120 days). The key that I did not put in, is the declining volume near the apex. I play around with adding that. These sorts of formations would be missed by most of the scans I use because low volume is typical near the apex as you pointed out.
Ocote
Detail:
Allgroup
Max(0,-20,hi) < Max(-21,-40,hi) * 1.05
Max(0,-20,hi) >= Max(-21,-40,hi) * 0.95
Max(-21,-40,hi) < Max(-41,-60,hi) * 1.05
Max(-21,-40,hi) >= Max(-41,-60,hi) * .95
Min(0,-20,lo) > Min(-21,-40,lo) * 1.1
Min(-21,-40,lo) >= Min(-41, -60,lo) * 1.1
Avgvol(0,-30) > 300
Close(0) < 40 |
