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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).
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).