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2004 Mar: TriPatternRank.efs

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  • 2004 Mar: TriPatternRank.efs

    File Name: TriPatternRank.efs


    Description:
    Based on Mechanically Recognizing Triangular Formations by Giorgos Siligardos, Ph.D. This article appeared in the March 2004 issue of Stock & Commodities.

    Formula Parameters:
    Swing: # of Bars - 1
    Swing: Wave Type – %Change in Price [%Change in Price, %Retracement]
    Swing: Wave Percentage – 20%
    Swing High Price Source – Close [Open, High, Low, Close]
    Swing Low Price Source – Close [Open, High, Low, Close]
    Line Thickness – 2
    Confirmed Swing Line Color – Blue
    Developing Swing Line Color - Yellow


    Notes:
    The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.

    This formula has a minor modification made to it since the publication of the article. The logic for current developing leg of the zig zag has been modified to draw B-r line from point B to current bar close (r).

    Download File:
    TriPatternRank.efs




    EFS Code:

    The amount of code for this formula exceeds the limits for displaying within this post. To view the code, open the formula through the EFS Editor (Tools-->EFS-->Editor).
    Jason K.
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    eSignal - an Interactive Data company

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