BullScan: Candle pattern scanning

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Candle pattern scanning

Printed From: BullCharts Forum
Category: BullCharts
Forum Name: BullScan
Forum Discription: For discusssions on BullScan
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=833
Printed Date: 20 May 2024 at 1:30am
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com

Topic: Candle pattern scanning

Posted By: willylee
Subject: Candle pattern scanning
Date Posted: 28 May 2012 at 10:18pm

Hi - I have just downloaed version 3.9 and want to use candlestick indicators and scans for candlestick patterns.

When I go to edit candlestick scanning criteria, candlesticks do not show in indicator siganl list.

Any suggestions??

Replies:

Posted By: rbbrain
Date Posted: 29 May 2012 at 11:57am

Hi,
I think you are asking about scanning for specific candlestick patterns? (eg. harami, spinning top, hanging man, etc., etc.). If so, then in the BullCharts scan, select "Indicator Signal", then select "Candle Patterns", then click on the "Parameters" buttons, and select on candle pattern. The candle patterns listed are the same as in the "Candle Patterns" indicator - so you can mroe easily browse the list.

Hope this helps?

Cheers

-------------
Robert Brain (Brainy)
Convenor - Australian BullCharts User Group
http://www.RobertBrain.com - Brainy's Share Market Toolbox and BullCharts Tips
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Posted By: willylee
Date Posted: 29 May 2012 at 1:04pm

Thanks Briany

I think my file was corrupt, so I uninstalled bullcharts and reinstalled from disk, then redid the upgrade.

All works fine, including candle patterns indicator and scan.

Thanks for your comments - the indicator is most useful

Bill

Posted By: rbbrain
Date Posted: 29 May 2012 at 1:23pm

Hi Willie,
No problem - glad you got it fixed.
(And I have moved this post and thread to the BullScan discussion, in case anyone looks for it as a scan-related topic in future).
Cheers
Robert B

-------------
Robert Brain (Brainy)
Convenor - Australian BullCharts User Group
http://www.RobertBrain.com - Brainy's Share Market Toolbox and BullCharts Tips
[/CENTER

Posted By: peter1
Date Posted: 09 Jun 2012 at 12:21am

A quick note from me to suggest looking for weekly candle patterns, especially the pin bars (long tails, hammers, shooting stars) and the engulfing pattern.

They're not standalone setups but should be considered in the context of the market.