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For things like pennants and other formations I find it much easier to find
indicators that have certain behaviors during those formations. It is much
easier to write code to describe the pattern of a 40 or 50 day MA over a 3
month period than it is to try and do the same thing for price. These are
just suggestions :
1) recent break above 13 day ma on higher than "average" volume
2) 5 day MA now crossing below the 13 day MA (the handle)
3) MRO of 50 day MA falling below the 100 day MA in the last 90 days >-1
etc.
I haven't coded any ELA in quite a while but these techniques are great for
finding patterns. Remember that all indicators reflect the behavior of price
in some way so use them to your advantage. I've never tried to code the cup
and saucer but I have toyed with the idea and I think it is very possible.
The suggestions above are just an example - -I have no idea that it would
actually work but I hope it helps give you an idea. Good luck and always
mind your risk.
Kent the Shaw
<><
"Therefore, if anyone is in Christ, he is a new creation;
the old has gone, the new has come !"
-2 Corinthians 5:17
----- Original Message -----
From: "Monte C. Smith" <mcs@xxxxxxxxxxx>
To: <trader@xxxxxxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Sunday, December 03, 2000 9:36 PM
Subject: Re: support/ resistance
>
> I don't think this is possible in any practical way with EL, due to
> EL's restrictive 'Aristotlean' insistence on precise definition. Minute
> (i.e., tiny) variations in patterns would have to be programmed on a
> case-by-case basis, and there are probably a million variations in any
> 'recognizable' pattern. Maybe some rocket scientists on the List can
> show how it can be done, but I have my doubts.
>
> Regards,
> Monte
>
>
>
> "Trader at Computation.org" wrote:
> >
> > Is there a way to pattern match a cup and handle using
> > Easy Language?
> >
> > - John
> >
> > -----Original Message-----
> > From: Monte C. Smith [mailto:mcs@xxxxxxxxxxx]
> > Sent: Saturday, December 02, 2000 5:00 PM
> > To: mark gilks
> > Cc: omega-list@xxxxxxxxxx
> > Subject: Re: support/ resistance
> >
> > Similar to Cup and Handle? Similar is Edwards and Magee Bull Flags and
> > Pennants.
> >
> > Regards,
> > Monte
> >
> > mark gilks wrote:
> > >
> > > Help im trying to find a good indicator similar to "cup and handle"
witch
> > > will help to identify support and resistance areas does anyone know of
any
> > > and wish to share many thanks mark gilks.
>
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