Interference Pattern
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A very nice candlestick pattern is the interference pattern. The criterias for the pattern are: Day 0 must Close lower than day 1 Day 1 must Close Lower than day 2 Day 2 must Close lower than day 3 Day 3 must Close higher than day 4 Day 4 must Close Lowe than day 5 Sometimes the colour of the candlesticks can be different, but that doesn’t matter, as long as the closing is lower in all candles, besides from day 3, which must have a higher Close. Can you help me to tell what was wrong with my code? The screenerresults are showing stocks with this pattern, but it is also showing some other stocks where the criterias are not fulfilled. So something is wrong with my code. :-(, and I have tried for hours to fix it, but without success. As you maybe can guess, I am new to this with programming, and this is my first attempt. Would appreciate the correct code, and maybe information what was wrong with the code from me: My code was like this:
c1 = (close < close[1]) c2 = (close[1] < close[2]) c3 = (close[3] > close[4]) c4 = (close[4] < close[5]) SCREENER[c1 AND c2 AND c3 AND c4] ((close/DClose(1)-1)*100 AS "%Chg yest.")
Thanks!
If I understood correctly your query, this code should do the trick:
Please find attached an example of results on Euronext shares list.c = close<close[1] and close[1]<close[2] and close[2]<close[3] and close[3]>close[4] and close[4]<close[5] screener[c]The original way to trade the pattern, is to buy it at the close at the end of the formation. The assumption is that it will go up. Very often it goes up allready next day, but sometimes it takes longer. One exit strategy could be to sell it the first day that you have profit on the position at the close of that day. If no profit on the position after five days, close anyway. Stop loss could be 3ATR down. (that is a wide stop loss not to mess up with the patterns possibility) We have one interference formed on thursday before the holiday, and today we have a string movement upwards, in the dow Jones future. See my attached picture.Hi Nicolas! When I use the screener on the Swedish stockmarket, there is one stock showing up, even though it is not an interference pattern. See my attached Pictures. On the second Picture, there was an interference pattern, one day earlier, but this comes up in the result list. Is there anything we can change in the code?Hi Nicolas. In my first example, the stock named RAYb, I have live data, but the charts have been showing completely wrong. I don’t know why. I should ask IG about that. When I open the chart today, it looks completely differently. See the new attached Picture. I have been putting green Arrows to every candlesticks which looks different. And now it is a inteference pattern, so the screener did it’s job! 🙂 In the second example (where I don’t have any livedata yet) a stock named Tom Tailor Holding, (on the german stock market), the chart still look the same like yesterday.
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Topic Details
| Forum: | ProScreener: Market Scanners & Detection |
| Language: | English |
| Started: | 04/16/2017 |
| Status: | Active |
| Attachments: | 6 files |
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