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Anyone know why this wouldn't work?I put it in just like this;
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// Cup and Handle exploration written by Jerry Tyliczka
// visit us at: http://portals.wallstreettape.com
//
// This code written per specifications found at
// http://www.haikulabs.com/mh.htm
// Version 1.0
//
// This code calculates the Alpha, Delta, Beta and Gamma values
// but they are not used in the filter criteria as specified
// by the article which this code was based on.
//
// Look for additional changes as I tweak the below code.
// I will also include Scan feature and Backtesting in future
release.
//
// Comments, please write to admin@xxxxxxxxxxxxxxxxxx
MinPrice=20;
MinVolume=100000;
//Left side of Handle formation can occur anywhere from 2-25days -
look at the last 25 bars and get the number of bars since condition
met.
LH=HHV(Close,25); // Highest close past 25 days.
BLH=HHVBars(Close,25); // Tells us # of bars that have past since
high reached. Used to determine lowest bar.
BH=LLV(Close,BLH); // Lowest close since the highest value was
reached/
BBH=LLVBars(Close,BLH); // number of bars that have past since
lowest value.
NBLH=BLH-BBH; // this is the number of bars in the formation of the
left side handle. NBLH must be atleast 2 to be a valid handle
formation.
// Now lets get the cup formation. Cup formation can occur anywhere
from 23 to 145 days. The left side of the cup can be from 20-120
days and the right side can be anywhere from 3-25 days.
// get the right side of the cup(low).
BC=LLV(Close,BLH+25); // look at 25 bars since the left side of
handle.
BBC=LLVBars(Close,BLH+25);
// get the left side of the cup.
LC=Ref(HHV(Close,120),BBC*-1);
BLC=Ref(HHVBars(Close,120),BBC*-1);
// Get highest value before left side of cup started to form.
KC=Ref(HHV(Close,30),BLC*-1);
BKC=Ref(HHVBars(Close,120),BLC*-1);
Delta= LC/KC;
//Calculate the up/down relative price value during time frame RC
(Right Cup Formation)
URPV=DRPV=0;
i=EndValue(BLH);
j=EndValue(BBC);
do
{
URPV = IIf(Ref(Close,i*-1)>Ref(Close,(i+1)*-1),Ref(Volume,(i*-1))
*Ref(Close,(i*-1))-Ref(Close,(i+1)*-1),URPV);
DRPV = IIf(Ref(Close,i*-1)<Ref(Close,(i+1)*-1),Ref(Volume,(i*-1))
*Ref(Close,(i+1)*-1)-Ref(Close,(i*-1)),DRPV);
i++;
} while (i<j);
Alpha = URPV/DRPV; // Should be >1
// Calculate Beta
DRPV=0;
i=EndValue(BBH);
j=EndValue(BLH);
do
{
DRPV = IIf(Ref(Close,i*-1)<Ref(Close,(i+1)*-1),Ref(Volume,(i*-1))
*Ref(Close,(i+1)*-1)-Ref(Close,(i*-1)),DRPV);
i++;
} while (i<j);
Beta = URPV/DRPV;
Gamma = log(Alpha) + log(Beta) + delta;
AddColumn(LH,"Left Handle");
AddColumn(BH,"Bottom Handle");
AddColumn(BC,"Bottom Cup");
AddColumn(LC,"Left Cup");
AddColumn(ALPHA,"Alpha");
AddColumn(DELTA,"Delta");
AddColumn(BETA,"BETA");
AddColumn(GAMMA,"Gamma");
// Filter Criteria as follows:
// 1. Right side of handle must be at least 2 bars. NBHL>2
// 2. Bottom of the cup must be lower than the left top of the cup.
// 3. Left handle must be lower than or equal to the lect cup
formation.
// 4. Bottom of the cup must be less than the left handle.
// 5. Bottom of the handle must be > 80% of the left handle + 20% of
the bottom cup.
// 6. Start of cup/handle formation must be greater than precedding
chart value. LC>LC
// 7. Minimum price and volume you can set any way you like.
Filter= NBLH>2 AND Close>BH AND BC<LC AND LH<=LC AND BC<LH AND BH<LH
AND BH>.8*LH+.2*BC AND KC<LC AND Close>MinPrice AND MA(Volume,30)
>MinVolume;
___________________________________________________________
Thanks, Scott
esslash@xxxxxxxxxxxxx
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