Bottom Fishing: Difference between revisions
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'''Article/Author:''' "A Market Bottom pattern for S&P Futures" by Tushar S. Chande, S&C Magazine, Traders Tips, 03/1995 | '''Article/Author:''' "A Market Bottom pattern for S&P Futures" by Tushar S. Chande, S&C Magazine, Traders Tips, 03/1995 | ||
'''Signal Bottom Fishing | '''Signal Bottom Fishing Code:''' | ||
<syntaxhighlight> | <syntaxhighlight> | ||
INPUTS: F1(25), F2(50), DDAY(20), X(23); | INPUTS: F1(25), F2(50), DDAY(20), X(23); | ||
IF CLOSE[1] > OPEN[1] + F1 POINTS AND RANGE [1] > F2 POINTS | IF CLOSE[1] > OPEN[1] + F1 POINTS AND RANGE [1] > F2 POINTS | ||
AND LOWESTBAR(LOW,DDAY) [1] <= 5 THEN BUY THIS BAR ON CLOSE; | AND LOWESTBAR(LOW,DDAY) [1] <= 5 THEN BUY THIS BAR ON CLOSE; | ||
IF BARSSINCEENTRY=X THEN | IF BARSSINCEENTRY=X THEN SELL THIS BAR ON CLOSE; | ||
{COPYRIGHT C 1997, TECHNICAL ANALYSIS, INC.} | {COPYRIGHT C 1997, TECHNICAL ANALYSIS, INC.} | ||
</syntaxhighlight> | </syntaxhighlight> | ||
[[Category: Additional Signals]] | |||
[[Category:Signals]] | |||
Latest revision as of 17:49, 16 October 2013
Article/Author: "A Market Bottom pattern for S&P Futures" by Tushar S. Chande, S&C Magazine, Traders Tips, 03/1995
Signal Bottom Fishing Code:
INPUTS: F1(25), F2(50), DDAY(20), X(23);
IF CLOSE[1] > OPEN[1] + F1 POINTS AND RANGE [1] > F2 POINTS
AND LOWESTBAR(LOW,DDAY) [1] <= 5 THEN BUY THIS BAR ON CLOSE;
IF BARSSINCEENTRY=X THEN SELL THIS BAR ON CLOSE;
{COPYRIGHT C 1997, TECHNICAL ANALYSIS, INC.}