cdvllc
15 posts
msg #47856
- Ignore cdvllc |
11/6/2006 11:42:16 PM
Hi Everyone,
Hi Support,
I am trying to locate a certain stock chart pattern for a momentum play.
Here is the criteria...
#1 Substantial rise in price (80% in two months or less)
#2 Final Consolidation (a period of consolidation that can be a variable amount of time (6days-30days) that doesn't drop in price more then 22% during the consolidation.
#3 receding volume during the consolidation period.
#4 Price crossed above the trend line during the consolidation period.
Here is what I've written so far, but it falls short of my expectations...
close 6 days ago is 80% above close 50 days ago
and close 60 days ago > 1
set{hi6, High 6 days ago}
and set{lo6, Low 6 days ago}
and hi6 is above Open last 5 days
and hi6 is above Close last 5 days
price between 5 and 100
draw resistance slope(6,6)
draw support slope (6)
draw price line at close 60 days ago
draw price line at high
Any ideas or suggestions?
Thank you,
Renn
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