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Is there a way to search for candle formations? [RESOLVED]
Rank: Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/9/2005(UTC)
Posts: 18
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I really enjoy using the Candlestick Advisor and was wondering if there is any way to have MetaStock search for certain candle patterns. For example, if I want to find bullish engulfing patterns, how would I tell MetaStock to do this?
Thanks!
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 9/26/2005(UTC)
Posts: 185
Location: Brazil
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Create a new Expert
Then place new highlight
with the following formula
EngulfingBull()
attach the Expert to the Chart
That is it.
If you want an Exploration, put the formula in the filter. and the rest as usual.
For full list of Candles, open Metastock Help file and look for
"Candlestick Functions" they are all there.
Best regards,
Bulli
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Rank: Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/9/2005(UTC)
Posts: 18
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Thank you, that was helpful. I am new to MetaStock, so I'm still learning all the great features! Thanks!
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 6/6/2005(UTC)
Posts: 424
Location: connecticut,USA
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Hey Members!!!, I try to use a Unleased Candlestick pattern recognation add-onn ... but belive or not... no work!!!, I try to see if a software recognize any pattern from 52 last week on security, JDSU, SIRI, LU, CIEN, CHTR,ONNN.... and nothing recognize... just dont say it wasn't any pattern during last 52 weeks.... it was because I can see it without software.. but If I have software so that should help me!, is that mistake of instalation? where I can check correct instalation of the software? Can you give me some tips... :?:
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 4/16/2005(UTC)
Posts: 1
Location: USA
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What version of Metastock do you have?
In version 9.0 an included Expert Advisor is the Equis - Candlesticks which will
identify candlestick formations on a chart and label them. All you have to do is Attach the Expert.
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
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Check your exploration load options Konrad and make sure you do not have "load minimum records selected".
Patrick :mrgreen:
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 3/7/2005(UTC)
Posts: 1,346
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hey brownsfan019.... to search/explore for several patterns at the same time you could also put a seperate candlestick formation in each of the 6 columns and then in the filter section place
[color=blue:af1b9b5517]colA OR colB OR colC OR colD OR colE OR colF[/color]
that would return the true results for each column..... look in the function section of the exploration builder for the many candlestick codes......h
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 6/6/2005(UTC)
Posts: 424
Location: connecticut,USA
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Patrick:
Check your exploration load options Konrad and make sure you do not have "load minimum records selected".
Where Should I go to find those option?
Jack 002, I post question about John Murphy-Chart pattern recognation.... I can't see any pattern regognation after choose John murphy from a expert advisor list.... when I choose Equis-Candlestick it came up with very good candlestick analysis!
Thank you!!! :D
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
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Tools, the explorer, options ...
Patrick :mrgreen:
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 6/6/2005(UTC)
Posts: 424
Location: connecticut,USA
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How many period should be on John Murphy to recognize pattern ? However I want or is some appointed? As I want is 52 weeks
There is option load 1300... that mean load from last 1300 days right?
yes patrick I have a minimum loading checked.... but after I check 1300 days ...... still can't recognize...
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
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I don't know ... It is in the manual ... My guess is at least 500 periods ...
Patrick:mrgreen:
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 6/6/2005(UTC)
Posts: 424
Location: connecticut,USA
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On 600 period work great! recognize all patern , a little problem was just to change a period time and not mark a minimum period.... hmmm how many trick a metastock have? One thousand? :D
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 9/27/2005(UTC)
Posts: 4
Location: INDIA
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Hello Hayseed
Thanks for your tip on multiple seach under candlesticks.
daytrader
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Rank: Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/9/2005(UTC)
Posts: 18
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hayseed,
great tip!! thanks!
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