Difference between revisions of "Bottom Fishing"
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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:''' |
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INPUTS: F1(25), F2(50), DDAY(20), X(23); | INPUTS: F1(25), F2(50), DDAY(20), X(23); | ||
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IF CLOSE[1] > OPEN[1] + F1 POINTS AND RANGE [1] > F2 POINTS | IF CLOSE[1] > OPEN[1] + F1 POINTS AND RANGE [1] > F2 POINTS | ||
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AND LOWESTBAR(LOW,DDAY) [1] <= 5 THEN BUY THIS BAR ON CLOSE; | AND LOWESTBAR(LOW,DDAY) [1] <= 5 THEN BUY THIS BAR ON CLOSE; | ||
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| − | IF BARSSINCEENTRY=X THEN | + | IF BARSSINCEENTRY=X THEN SELL THIS BAR ON CLOSE; |
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{COPYRIGHT C 1997, TECHNICAL ANALYSIS, INC.} | {COPYRIGHT C 1997, TECHNICAL ANALYSIS, INC.} | ||
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[[Category:Signals]] | [[Category:Signals]] | ||
Revision as of 13:12, 14 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.}
