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Thanks

## Comments

[type is stock] and [sma(20,volume) > 1000000]

and [Close > 5.0]

and [Close < 50.9]

and [EMA(30) > Close]

and [EMA(5) < Close]

and [EMA(200) < Close]

and [Below Ichimoku Cloud is false]

A retracement is pretty easy to visualize. The stock in a trend (above 200 EMA.) It recently fell to a lower level ( below the 30 EMA). But more recently it is rising ( above 5 EMA)

This might need some tweaking, but the general idea is probably sound. Many of the results will be in a retracing pattern.

It is just hard for me to visualize how patterns like an ascending triangle ( or any of them) would be represented by any indicator. So I am not sure how you a scan for them

If you haven't already, you might find it useful to look through the "s.c.a.n. archives" section to find ideas for scanning a variety of set ups. There were quite a few of them on the old site and many have been preserved in the archive.

I think the problem is that chart patterns are a visual representation of some mathematical component, or relationship, of price movement. And that is of course true to some degree of all indicators. The approach I am taking is to try first to really understand what an indicator or pattern is saying, and maybe how it is designed mathematically. ( maybe not to deeply, but at least generally) So that my scans have more meaning. If you want to have good scans you have to understand the indicator, and also the underlying price movement. It is actually pretty complicated. Thanks again for you suggestions.