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Topic: Chart Patterns |
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ffeinlands0
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Posted on: Apr 21, 2004 - 8:45pm
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Do you know how to create a search screen to search for consolidation patterns? I'm particularly interested in finding stocks whose daily trading ranges are shrinking and forming a triangle.
Any other patterns would be helpful as well.
BTW, your "flat tops" search string got me into CECO. That was worth the price of admission!
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dan.chapmano3
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Posted on: Apr 23, 2004 - 10:49am
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Thats a tough one. We don't currently have indicators that
find shrinking ranges (That flat top search is basically a shrinking
range).
Under the search tool you may want to tinker with month trend,
resistance/support and short term direction. The combination
of a small up month trend, with double or higher resistance and
a small up short term direction may do it.
I'll take a look at consolidation patterns and see if I can come up
with a search strng...
Thanks,
Dan
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psihooverPn
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Posted on: Dec 11, 2004 - 9:48am
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Dan,
I'm also curious about the "flat top" pattern, which if I understand correctly is where the upper range of price movements are bound by a resistance level, and the lower prices ascend towards it until the breakout occurs.
Is there a way to find such patterns from the PreScreener, other than look for the breakout patters and visually check each one out?
TIA,
psihoover
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dan.chapmano3
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Posted on: Dec 14, 2004 - 12:31pm
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psihoover,
FlatTop breakouts have been added to the PreScreener searches.
They are breakouts (watches and confirmed) that are at resistance (or resistance/support type unknown) that also have a Flat month trend.
You can examine the difference between a regular
breakout and a FlatTop breakout by selecting the PreScreener
search pulldown menu in "SearchTool". You can also modify
any exsisting PreScreener searches under SearchTool.
Dan
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psihooverPn
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Posted on: Dec 15, 2004 - 10:10am
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Hi Dan,
Thanks for the information about finding flat tops, and the tip regarding modifications to the PreScreener using SearchTool.
As a "Casual User", the SearchTool is not accessible when I'm logged in. It is available, however, when I don't sign in. I'm assuming in this situation I couldn't save the SearchTool screening characteristics for use in the Prescreener unless I signed up for "Power User"? If that is true, does the limit of how many consultings within a given time apply to the Search Tool also?
psihoover
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dan.chapmano3
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Posted on: Dec 16, 2004 - 3:45pm
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Full SearchTool use is only available for "Power" user memberships.
The Free SearchTool is limited in output to 2 results per search.
Dan
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