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Scan to find Base

Teknical
Teknical ✭
in Scanning
Seeking help to scan following criteria

1. Flat Base :
length: 5 weeks minimum depth: <= 15%

2. High Tight Flag
Flag Pole: up 80% or more in less than 8 weeks
Flag: Less than 25% correction in 2-4 weeks

3. Consolidation:
length: minimum 6 weeks
depth: <= 35%

4. Accumulation Week:
Current candle closes positive in the upper 40% of the weekly closing range on above average volume.

Comments

  • markd
    markd mod
    You have to think about how to define these patterns in terms of indicators or overlays or prices or some combination of these. Once that's done, you can think about writing code.

    So first to look for is what indicators or overlays might find a flat base. Really the only way to find out is to find several actual instances of what you are looking for, and then apply a number of indicators/overlays to see what they might have in common. So for instance a flat base might have straight price channels for some period of time. But how long do the channels have to be, and how long do they have to be flat to capture what your are looking for?

    Patterns are really hard to find with scans because the are so variable in length and width. So they will miss some you would accept by eye, and capture some you would reject.

    Maybe you can find some pre-defined scans to base yours on.

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