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There is information regarding various bullish & bearish Gartley
reversal patterns at-- http://www.longorshort.com/gartley.htm
I have not been able to trace any formula work in the Archive so I
have formulated the following as a bullish reversal. Although I have
used the peak & trough functions, this should not effect the
validity of the formula since the formula is specific that the peak
is more recent than the trough and the reversal point is a specified
distance from the most recent peak. The formula uses a specific
fibonacci range, but there are other ratios which can be substituted
for 0.35 & 0.40. If there is a known archive/source of Metastock
formulas based on Gartley reversals, both bullish & bearish, I would
welcome details.
If((Peak(1,C,7)-Trough(1,C,7))/ (Peak(2,C,7)-Trough(1,C,7))
>0.35,1,0) AND When(TroughBars(1,C,7),>,PeakBars(1,C,7)) AND
If((Peak(1,C,7)-Trough(1,C,7))/ (Peak(2,C,7)-Trough(1,C,7))
<0.40,1,0) AND When(TroughBars(1,C,7),>,PeakBars(1,C,7)) AND
If((Peak(2,C,7)-Trough(1,C,7)),>=,(Peak(1,C,7)-C),1,0) AND
If(Peak(1,C,3)-C,>=,1.272*(Peak(1,C,3)-Trough(1,C,3)),1,0) AND When
(Peak(2,C,7)-Trough(1,C,7),>=,Peak(1,C,7)-C)
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