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My daughter did a thesis on JapSticks for her degree and came out with very
inconclusive results using both daily and weekly charts.
In fact her conclusion was that they are good to look at but the patterns
are not really repetitive and meaningful.
Sorry about that but I have also spent time on them and thought they would
have been more helpful.
Bill(UK)
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Bob Jagow
Sent: Tuesday, October 24, 2000 9:05 PM
To: metastock@xxxxxxxxxxxxx
Subject: RE: Candlestick
Might want to try adding a momentum filter[chapter 8].
I do that in TF+.
Bob
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Michel Guibert
> Sent: Tuesday, October 24, 2000 9:17 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Candlestick
>
>
> 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:
> *******************************************************
>
> 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))
> *********************************************************
>
> Michel Guibert
>
>
>
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