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I recently bought Candlestick charting explained from Gregory L. Morris
At the end of the book, there is a candle pattern ranking, I choose the bests
one
Three white soldiers
Three outside up, which I convert by an Engulfing pattern followed by a white
candle
Three inside up, which I convert by a bullish harami followed by a white
candle
Morning star
Separating lines
I convert all that in an expert and try to apply on a few stocks, results are
very poor, in fact a macd is far better.
Am I totally wrong with the formula, does somebody make some tests to discover
the best candlestick indicators and is willing to share them ?
Any opinion welcome.......
The expert is:
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3WhiteSoldiers()
OR
MorningDojiStar()
OR
(SeparatingLines() AND C > Ref(C,-1))
OR
(Ref(EngulfingBull(),-1) AND C >Ref(C,-1) AND LOW >Ref(LOW,-1))
OR
(Ref(BullHarami(),-1) AND C >Ref(C,-1) AND LOW >Ref(LOW,-1))
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Michel Guibert
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