Cup and Handle Pattern, and High tight flag and (VCP) volatility pattern

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  • 10/03/2018 at 8:31 AM #81823
    mikechan883

    Can share code if pro real-time screen can detect Cup and Handle Pattern, or others such as High tight flag and (VCP) volatility contraction patterns mentioned by Mark Minervini

    thanks

    10/03/2018 at 9:21 AM #81826
    robertogozzi

    Try this link https://www.prorealcode.com/topic/screener-detection-figure-tasse-et-anse/, it’s written in french but you can take advantage of google translator.

     

    10/04/2018 at 10:16 AM #81890
    Nicolas

    In order to help with the “High tight flag” and “volatility contraction patterns”, please add a full description of what are they and with pictures if possible.

    10/08/2018 at 6:54 AM #82217
    mikechan883

    For volatility contraction pattern

    http://www.minervini.com/blog/index.php/blog/show/how_to_time_your_trade_with_pinpoint_accuracy_the_volatility_contraction_vc

    10/08/2018 at 7:02 AM #82219
    mikechan883

    High tight flag

    https://www.investors.com/how-to-invest/investors-corner/emulex-hoisted-a-high-tight-signal-flag-before-its-breakout/

    10/12/2018 at 3:32 AM #82587
    BennieHofer

    Hello and thanks to all the coders and members. I am also interested in High Tight Flag patterns. Here is another website that explains it. http://www.thepatternsite.com/htf.html

    10/12/2018 at 10:22 AM #82627
    Nicolas

    The volatility contraction pattern, is IMO similar of what we could find with this screener: Trend Template by Mark Minervini

    I will double check high tight flag pattern, but I think that we could code something relevant for this.

    EDIT: Found this well explained HTF pattern picture on the web:

    HTF

    10/12/2018 at 12:39 PM #82638
    Nicolas

    This is a first (rough) try for the High Tight Flag pattern screener:

     

    10/13/2018 at 3:40 AM #82685
    BennieHofer

    Thanks Nicolas,it looks ok I guess. I was scanning north american stocks and seen more bear flags then bull flags. that is the way the market has been lately. Did you write the code for a bull flag or bear flag ? $BTG is has broken out and might be room for more upside on Volume

    10/15/2018 at 10:33 AM #82771
    Nicolas

    The screener code I made is only intended to find bullish flags.

    10/17/2018 at 3:03 PM #82983
    mikechan883

    Thanks Nicholas for the code of high tight flag

    For Volatility Contraction Pattern, the trend template do not take into account the consecutive 2 to 6 time of contraction in volatility and volume.

    It is possible to code a screener based on the trend of reduction in past x weeks for ATR (average true range for volatility) and volume?

    Recap VCP details as follow:

    During a VCP, you will generally see a succession of anywhere from two to six contractions, with the stock coming off initially by, say, 25 percent from its absolute high to its low. Then the stock rallies a bit, and then it sells off 15 percent. Then buyers come back in, and the price goes up some more,and finally it retreats 8 percent. The progressive reduction in price volatility, which will be accompanied by a reduction in volume at particular points, eventually signifies that the base has been completed.

    As a rule of thumb, I like to see each successive contraction contained to about half (plus or minus a reasonable amount) of the previous pullback or contraction. The volatility, measured from high to low, will be greatest when sellers rush to take profits. When sellers become scarcer, the price correction will not be as dramatic, and volatility will decrease. Typically, most VCP setups will be formed by two to four contractions, although sometimes there can be as many as five or six. This action will produce a pattern, which also reveals the symmetry of the contractions being formed. I call these contractions Ts.

    10/17/2018 at 3:05 PM #82984
    mikechan883

    See some visual sample

    10/18/2018 at 8:04 AM #83048
    Nicolas

    Scanning for very precise percentage like in your example should be very restrictive and some shares could not be retrieved even if they would be good candidate for the pattern.

    I’m wondering if scanning for 3 consecutive highest high / lowest low channel could not be sufficient, let me try.

    12/04/2018 at 7:53 AM #86278
    mikechan883

    Hi Nocholas,

    Are there any update on below? Many thanks!

    Scanning for very precise percentage like in your example should be very restrictive and some shares could not be retrieved even if they would be good candidate for the pattern.

    I’m wondering if scanning for 3 consecutive highest high / lowest low channel could not be sufficient, let me try.

     

    08/22/2019 at 6:02 PM #105323
    Didouqc

    Hello Traders!

    Please, have a look of another version of High Tight Flag pattern screener, after Nicolas on 10/12/2018.

    Look at a result on 21/08/2019 and see what’s happen next days…

    Please test it, and give me your feed back.

    You can also answer me in French!   Merci.

     

    1 user thanked author for this post.
    avatar Nicolas
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