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

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 !!!


____________________________________________

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

____________________________________________

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
____________________________________________

To include DMI crossover for filtering for only up-trending stocks add:

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



.... Paradox