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At 11:29 AM -0400 10/21/98, TrdStation@xxxxxxx wrote:
>Why does TS and other trading software include sophisticated indicators but
>not simple price patterns like Double Tops and Bottoms, Head & Shoulders,
>Triangles, Cup & Handle, Pennants, Wedges, etc.?
Because they are very subjective (eg: in the eye of the beholder) and
therefore very hard to code.
There are no well defined rules to say what a double top is.
The exception is when using Point & Figure charts. In these, many common
formations have been rigoroously defined so are easy to code.
Bob Fulks
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