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Strategies & Market Trends : Candlestick Charting--The unknown indicator -- Ignore unavailable to you. Want to Upgrade?

To: John Gault who wrote (1028)	12/23/1997 4:20:00 PM
From: Ed Frye	Read Replies (2) \| Respond to of 1589

I download from dialdata ($20/mo) but data not ready for download until 4 PM (daily o/h/l/c).....ed

To: John Gault who wrote (1028)	12/23/1997 8:27:00 PM
From: ftth	Read Replies (1) \| Respond to of 1589

Hi John, in your reply <<it would be easy enough to write the software>>. That's what I used to think. Sit down sometime and flowchart out the pattern scan process for any multi-candle pattern. Lots of relative parameters like body size, shadow size (upper and lower), skew of body within range, candle-to-candle variation, and prior trends and technical parameters that go into any multi-candle scan. Certainly not impossible, but if you do attempt it I'll bet you find you need to make the parameters "fuzzy" so that you don't reject perfectly valid patterns. Rigid rules don't work well because each stock has it's own "personality" where certain sizes, skews, and ranges are proper for one but not another. The rigid set of base rules for a given pattern need to be scaled for their allowable range based on the chart being analyzed (in other words, you need to run a characterization of each individual security and then use the results to scale the basic pattern being scanned for). No you don't HAVE to do that but the results are pretty poor if you don't. Coming up with a characterization routine is a major effort in and of itself. dh P.S. I download from Quotes-plus ($13/month for internet download)

To: John Gault who wrote (1028)	12/26/1997 10:50:00 AM
From: Paul M. Rengier	Read Replies (1) \| Respond to of 1589

John, PBS (Pacific brokerage Services) has historical data. I don'thave the address, because my bookmarks corrupted, while I tried to install Red Alert, Tomb Raider II, X-Wing and Monkey Island. Needless to say, they don't run or run only if I deinstall the others ... So far for X-Mas, children and computer games.. Paul