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Hello all,
Has anyone figured out how to code a Point and Figure buy signal as
defined by stockcharts.com
See below for their definition, and thanks in advance for any help.
Regards,
Gary
Point and Figure Buy Signal
P&F Buy and Sell signals are very simple patterns that should be
confirmed before placing a trade. The P&F Buy signal is used when
calculating the various Bullish Percent indices.
P & F Buy
O
O X <-- buy signal
O XO
OX XO
OXOXO
OXOXO
OXO O <-- not a sell signal yet
O
When the last signal on the chart was a buy signal, that is, the
last breakout was a column of Xs going higher than the previous
column of Xs and no sell signal (no column of Os breaking below the
previous column of Os) has happened since the buy signal.
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