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Hi Jan,
Thanks for the reply. In fact, I happen to have obtained a formula of C&H
(in easy language I suppose) for Superchart though it is not working
perfectly. My question now would be if it is possible to translate such
SuperChart formula into MetaStock formula.
Ed
----- Original Message -----
From: J.W.E. Roberts <jan.roberts@xxxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, October 04, 2000 6:04 PM
Subject: Re: Cup & Handle
> Hi Ed,
> >where I can get hold of the formula of C&H for MetaStock?
> There is no such formula or indicator in MS :-(
> Cup & Handle may be defined as a rounding bottom with a subsequent
pullback to the 'rim' of the cup. Imho MetaStock is inherently unable to
detect rounding patterns. It can detect - with restrictions - most patterns
that spike, so to say; eg. spikes, double tops, head & shoulders (maybe).
The reason is that all 'patterns' in MS are derived from the ZigZag function
in one way or another.
> It is a sad fact that classical programs cannot detect the simlest
patterns that the primate eye+brain recognize at a glance. This is the
reason why artificial intelligence has always aroused so much interest,
pattern recognition being the biggest subject in neural nets.
> So, in order to find them saucers or cups & maybe afterwards the enriching
tea-melange using metastock the only way is visual chart inspection. A
certain pre-selection is possible by looking for equities that are
congesting and/or have a low value of ADX or some other trading/trending
indicator.
> Hope this helps & happy trading,
> Jan Willem
>
> At 14:14 03.10.2000 +0800, you wrote:
> >Does any one knows where I can get hold of the formula of C&H for
MetaStock?
> >
> >Thanks in advance.
> >
> >Ed
>
>
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