That's why we need the metastock explorations to just run 'scans' in real time on technical breakouts on our database stocks. It interacts with just the base security and doesn't need any add on. I'm getting a 'candlestick' intraday custom formula with heights as well as the usual doji, engulfing, hammer, etc. made up by this cool dude out of Australia called "Guppy Trader".. This guy is totally known and respected by Equis, In fact they are making another 'formula' page just for their Professional 7.0 for E.signal and already he's been posting (its not available for the metastock customers yet) but I've been getting them from Guppy.
nt-tech.com.au So I'm gathering about 12 of my favorite, backtesting them and trying them on 15 minute charts.. I've never done them on anything except end of day. Interesting stuff.. Remember this is now in REAL-TIME.. so I have to 'tweak' the parameters a bit, and this guy is a metastock genius.
nt-tech.com.au
1998 February TASC - Double Tops and Double Bottoms
In the February 1998 issue of Technical Analysis of Stocks & Commodities magazine, Thomas Bulkowski discusses the use of Double Bottoms as a means of finding profitable trades.
In MetaStock for Windows, you can find both Double Tops and Double Bottoms with these formulas. There is a caveat however. In the article, Mr. Bulkowski utilizes the High-Low range in finding Double Bottoms. These formulas use only the close value, so a few of the lower priced issues will not produce signals in MetaStock. Overall, however, these formulas produce most of the major signals he discusses.
Double Tops
PK:=Zig(C,10,%)<Ref(Zig(C,10,%),-1) AND Ref(Zig(C,10,%),-1)>Ref(Zig(C,10,%),-2);
TR:=Zig(C,10,%)>Ref(Zig(C,10,%),-1) AND Ref(Zig(C,10,%),-1)<Ref(Zig(C,10,%),-2);
PK1:=PeakBars(1,C,10);
PK2:=PeakBars(2,C,10);
(ValueWhen(1,PK,Ref(C,-1))/ValueWhen(2,PK,Ref(C,-1))>.96 AND ValueWhen(1,PK,Ref(C,-1)) / ValueWhen(2,PK,Ref(C,-1))<1.04) AND PK2-PK1>=10 AND Cross(ValueWhen(1,TR,Ref(C,-1)),C)
Double Bottoms
PK:=Zig(C,10,%)<Ref(Zig(C,10,%),-1) AND Ref(Zig(C,10,%),-1)>Ref(Zig(C,10,%),-2);
TR:=Zig(C,10,%)>Ref(Zig(C,10,%),-1) AND Ref(Zig(C,10,%),-1)<Ref(Zig(C,10,%),-2);
TR1:=TroughBars(1,C,10);
TR2:=TroughBars(2,C,10);
(ValueWhen(1,TR,Ref(C,-1))/ValueWhen(2,TR,Ref(C,-1))>.96 AND ValueWhen(1,TR,Ref(C,-1)) / ValueWhen(2,TR,Ref(C,-1))<1.04) AND TR2-TR1>=10 AND Cross(C,ValueWhen(1,PK,Ref(C,-1)))
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