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bullish flags |
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SimonSavva 
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Joined: 15 Sep 2004 Posts: 84 |
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 Topic: bullish flagsPosted: 25 Sep 2004 at 11:41am |
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Try looking for three lower highs, where the last low is higher than previous low. I would certainly be interested if you find anything from metastock land that helps in this regard. Edited by SimonSavva |
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kosmo
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Joined: 19 Sep 2004 Location: Australia Posts: 6 |
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Posted: 21 Sep 2004 at 10:33pm |
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thnx Peter, cheers |
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Peter
BullCharts Staff 
Joined: 09 Sep 2004 Location: Australia Posts: 241 |
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Posted: 21 Sep 2004 at 10:44am |
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Hi Kosmo, BullCharts doesn't currently have a built-in mechanism to recognise geometric patterns suchs as flags and pennants. However with a bit of creativity one could be designed using the BullScan criteria and maybe some script. For example, you could create a scan that looks for stocks that have risen by a certain percentage, then fallen slightly. Alternatively, if you search on the Internet for MetaStock formulas you might find one for detecting flag patterns. The same formula can then be used in BullCharts (possibly with a few minor changes).
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kosmo
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Joined: 19 Sep 2004 Location: Australia Posts: 6 |
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Posted: 19 Sep 2004 at 8:39pm |
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Hi everyone, cheers |
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