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Problems with scanning for PnF patterns
Dear friends, I have some questions relating to scans using PnF patterns and understanding the results/implementing the scans:
- I have quite often a result accompanied by an indication "No PnF pattern found". How is this possible when using PnF scan parameters?
- The patterns found are sometimes far left in the chart and less useful
- Which PnF base is used by the engine (traditional, percentage...)?
My impression is that the Pnf scan is either not working reliably, or I have not figured out yet how to use it proberly. How are your experiences?
My favourite pattern is PnF double top breakout followed by a pullback, even below/above reversal point. Do you have any hints on search parameters? Are there other parameters than those which can be selected?
I would appreciate any hint! Thank you, Rob