SemiCupFormation
Function Name: SemiCupFormation
Tags: None
Category: Pattern
This algorithm identifies semi-cup formations (half of a completed cup, identified when the bottom of the cup is forming).
Note that an identified semi-cup may always fail to produce a completed cup. It should not be used as a mechanical buy/sell system or anything similar.
Parameters:
ShowGrid: Whether or not the grid will be displayed.
B0toB5ratio: Minimum ratio between closing price at B0 and B5. Recommended value: between 1.5 and 5
DX1min: Minimum value for directional index at B2. Recommended: 25
DX2max: Maximum value for directional index at B5. Recommended: 25
MinPeriod: Minimum number of bars in the pattern.
MaxPeriod: How many bars far back will the program look for a semicup formation
Source: Stocks & Commodities, April 2011: "Identifying Cup Formations Early"
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ShowGrid |
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Default Value: -1 |
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Type: Boolean |
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ShowReferenceLine |
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Default Value: -1 |
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Type: Boolean |
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B0toB5ratio |
Minimum ratio between closing price at B0 and B5. Recommended value: between 1.5 and 5 |
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Default Value: 1.5 | Minimum: 1 | Maximum: 99999 |
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Type: Numeric |
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DX1min |
Minimum value for directional index at B2. Recommended: 25 |
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Default Value: 25 | Minimum: 0 | Maximum: 100 |
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Type: Numeric |
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DX2max |
Maximum value for directional index at B5. Recommended: 25 |
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Default Value: 25 | Minimum: 0 | Maximum: 100 |
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Type: Numeric |
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MinPeriod |
Minimum number of bars in the pattern. |
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Default Value: 20 | Minimum: 20 | Maximum: 99999 |
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Type: Numeric |
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MaxPeriod |
How many bars far back will the program look for a semicup formation |
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Default Value: 1000 | Minimum: 100 | Maximum: 99999 |
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Type: Numeric |