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Strategies & Market Trends : Metastock 6.0 for Window -- Ignore unavailable to you. Want to Upgrade?

To: bdog who wrote (1768)	3/26/1998 2:23:00 PM
From: TechTrader42	Read Replies (1) \| Respond to of 4056

For ADX > 25 and rising, you could do something like this in MS Explorer: Column A: ADX(21) Filter: ADX(21)>25 AND ADX(21)>Ref(ADX(21),-1) AND Ref(ADX(21),-1)>Ref(ADX(21),-2) AND Ref(ADX(21),-2)>Ref(ADX(21),-3) For ADX starting to move higher, you could try: Column A: ADX(21) Column B: Ref(ADX(21),-1) Filter: ADX(21)>ADXR(21) AND Ref(ADX(21),-1)<=Ref(ADXR(21),-1) Others -- maybe Paul or Richard -- might have some better ideas. As for chart formations, they're difficult, of course. Cup & handle formations can encompass many different periods, so how could you formulate the pattern? I had some luck finding what I took to be cup & handle patterns by concentrating on the handle, where the range (high minus low) can narrow before a breakout. In a Quotes Plus scan, I looked for range narrowing each day: if range(0)<range(-1) and range(0)<range(-2) and range(0)<range(-3) and avgvol(0,-29)>25000 and Vol(0)>MovAvg(0,63,vol) then println Symbol , "," , " Close:", Close(0) , "," , " Vol:", vol(0) , " , " , " PE:", PE , " , " , " QRS:", QRS(0) , "," , " Sharesfloat:", Sharesfloat , "," , description; endif; I did find what I viewed as cup & handle formations, but my idea of a cup & handle was too inclusive. Richard pointed out that some of the charts I was finding didn't really show cup & handle formations, but irregular double bottoms and other things. Maybe someone else can suggest a way to find cup & handle patterns. Paul? Brooke

To: bdog who wrote (1768)	3/26/1998 8:14:00 PM
From: Paul Beattie	Read Replies (2) \| Respond to of 4056

Bdog, I don't have a nice scan for C+H or double bottom. I remember Breakout Joe had a TC2000 scan for cup formations, but it was based mostly on volume patterns. I'll look for it and let you know if I find it. Using MSWIN6.5, I'd modify Brooke's formula just a bit: Filter: AD:=ADX(21); PerRising:=5; {for example. Set number of periods you want} AD>25 AND Sum(AD>Ref(AD,-1),PerRising) = PerRising BTW, makes me feel good posting this reply to you. I hope it's helpful. Your contributions helped me so much when I first found the TA threads here. Really looking forward to TAOTL. I know it will be as magical as last year in New Jersey. Great people, Great attitude, Great learning! Cheers, Paul