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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: Julius Wong who wrote (11009)1/17/2001 10:49:37 PM
From: Julius Wong  Read Replies (1) | Respond to of 12039
 
Bottoming out is an important chart pattern.

How to program the software to look for a bottom?

This is not so easy in classical TA, because classical TA uses the top as a reference point. If the top is taken as the reference, we can find the top easily but not the bottom.

If we make a small change, use the bottom as reference point, then we can find the bottom easily.