triangles, page-5

If you have Metastock, try my three inside day’s formula to find triangles.

Forget the three inside day’s formula’s Darryl Guppy and Paritech websites - they don’t work !!!


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Two Inside Days:

Out of a sample of 11 occurrence’s, the average breakout move within a few day's of the two inside day's was 6%, ranging from 0% to 12.5% move.

FILTER:
V1:=HRef(L,-1);
V2:=Ref(H,-1)Ref(L,-2);
V1 AND V2

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Three Inside Days:

Three inside day’s a very rare – sometimes only one per month out of the ASX 1,500 stocks
Actual example of 3 inside day’s: Stock code IRE, 27-02-2004 - textbook wedge .... downside breakout = height of wedge mast

FILTER:
V1:=HRef(L,-1);
V2:=Ref(H,-1)Ref(L,-2);
V3:=Ref(H,-2)Ref(L,-3);
V1 AND V2 AND V3
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To include DMI crossover for filtering for only up-trending stocks add:

FILTER:
AND
((PDI(14)-MDI(14)) >=.1)
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.... Paradox