four years later the three-line-strike screener

Forums ProRealTime English forum ProScreener support four years later the three-line-strike screener

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  • #210611

    Despite the best candlestick setup with a win rate of 84% from the top ten by Thomas Bulkowski, 4 years after this post ( https://www.prorealcode.com/topic/three-line-strike/) there is still no 3 line strike screener in the screener library. Perhaps a nice idea to further develop the attached opening code together?

     

    #212579

    Hi,

    Why not create a strat about this idea?

    Best,

    Chris

    #212611

    Marcel a écrit

    c1 = High > Low

    for me  High is ever highest than Low??? i don’t understand.

    #212615

    I bet c1 = 1

    #220607

    This will do it. Only a minor change to your code.

    I back tested the ASX for one year and only got 22 results so it is a setup that does not occur often.

    Only 3 of those 22 failed,  confirming a better than 85% success rate, but incurs a waiting time of up to 40 trading days to get the rise.

    1 user thanked author for this post.
    #222383

    Why qigley doesn’t it always pull the right results? Cemtrex was correct this week and Pyxis Oncology was not. Does it always have to be three down days?

    #222765

    Why qigley doesn’t it always pull the right results? Cemtrex was correct this week and Pyxis Oncology was not. Does it always have to be three down days?

    If patterns repeated themselves endlessly, then there would be no stock market because everything would be predictable.
    Once you identify the pattern, you still have to exercise risk management if you trade it.
    For the two stocks you mentioned,(NYSE:PYXS ,ASX:CXM?) I didnt identify the pattern recently, but in both cases the daily 20MA has a negative slope, so momentum may not be strong enough to uplift the price.

    ASX:SYR came up on the scan today. In this case, I suspect a high probablity the price will gain momentum, becuase China has implemented restriction on their graphite exports to come into force on 1st December, and there will be a short sueeze on this highly shorted equity..

    So it is not just the pattern itself, you have to read it in comjunction with other indicators.

    I am also trialling the algorithm in reverse, ie 3 days up, one day down, to see if it helps shorting.

    #222816

    The answer on this is to expand the number of markets. For instance all of the American stocks.

Viewing 8 posts - 1 through 8 (of 8 total)

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