Howdy, Stranger!
Categories
- All Categories
- 2.3K StockCharts
- 395 SharpCharts
- 146 Other Charting Tools
- 69 Saved Charts and ChartLists
- 1.5K Scanning
- 72 Data Issues
- 177 Other StockCharts Questions
- 217 Technical Analysis
- 154 Using Technical Analysis
- 2 InterMarket and International
- 19 Market and Breadth Indicators
- 42 Market Analysis
- 108 Trading
- 108 Trading Strategies
- 163 S.C.A.N the StockCharts Answer Network forum
- 65 Using this StockCharts Answer Network forum
- 98 s.c.a.n. archives
- 5 Off-Topic
- 6 The Cogitation & Rumination Emporium
- Forum Test Area
New Members: Be sure to confirm your email address by clicking on the link that was sent to your email inbox. You will not be able to post messages until you click that link.
Comments
and [weekly Piercing Line is true]
You can write most named candle patterns by opening the Candlestick patterns drop down below the scan window. The default time frame is daily, so you have to add the 'weekly' modifier.
Also, you have to run weekly scans after the Friday close to get accurate results. So, if you are back testing, select Friday dates from the 'Starting x trading days...' calendar.
It's possible to get zero results (no data available) with a valid scan, if the pattern is not that common. If you're not getting enough results, widen your universe. For instance, if you get no hits from [group is sp500], try [[exchange is NYSE] or [exchange is NASD] ]. That's just about everything. If you get too many junk hits, narrow the universe with some other qualifier(s), like [SCTR > 50] or maybe [market cap > 1000], etc.