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Hi Korine
For my candle analysis I just use something that will define a trend over
the last few days to reverse - so for a bull candle (requires a downtrend) I
use something like
ROC(Ref(C,-1),3,$)<=-ATR(20)
i.e. a three day rate of change in excess of the 20 day ATR. This seems to
work as a first stage filter, but I haven't back tested this formulation and
would be interested to hear what other people use.
Andrew
-----Original Message-----
From: korine_ [mailto:no_reply@xxxxxxxxxxxxxxx]
Sent: Thursday, September 02, 2004 2:56 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] making advisor for the engulf pattern
Hi,
I want to to program advisor that uses the engulf pattern.
This pattern is a reversal pattern.
which function I can use in order to confirm that that trend prior to
this pattern was downtrend or up trend?
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