The triple bottom chart pattern is a bullish reversal pattern in technical analysis that forms when a security’s price experiences three distinct troughs at approximately the same level, indicating a potential trend reversal from a downtrend to an uptrend
This post focuses on customizable factory scans associated with Triple Bottom classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
The double bottom chart pattern is a bullish reversal pattern characterized by two distinct troughs at approximately the same price level within a given timeframe, that suggests a potential trend reversal from a downtrend to an uptrend, as buying pressure increases after the second trough, indicating potential upward momentum
This post focuses on customizable factory scans associated with Double Bottom classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
The Bearish Gartley Harmonic Pattern is a technical analysis formation that employs Fibonacci principles and extension alignment to assist traders in spotting potential trend reversals, offering well-defined entry and exit points to optimize trading strategies by enabling them to sell high and buy low
This post focuses on customizable factory scans associated with Bearish Gartley harmonic pattern, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
The Bullish Gartley Harmonic Pattern employs Fibonacci principles and extension alignment to assist traders in identifying potential trend reversals, providing clear entry and exit points to improve trading strategies by enabling them to buy low and sell high
This post focuses on customizable factory scans associated with Bullish Gartley harmonic pattern, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
The triple top classical chart pattern is a bearish reversal pattern that forms after a sustained uptrend and consists of two consecutive peaks at approximately the same price level, separated by a minor pullback, indicating potential trend reversal and a likely downward move
This post focuses on customizable factory scans associated with Triple Top classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
The double top classical chart pattern is a bearish reversal pattern that forms after a sustained uptrend and consists of two consecutive peaks at approximately the same price level, separated by a minor pullback, indicating potential trend reversal and a likely downward move
This post focuses on customizable factory scans associated with Double Top classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
This is an illustrative scan that shows how to use the Advanced Scanner to create a Relative Strength Matrix. It also demonstrates the process of filtering symbols based on RS parameters, automatically adding qualifying symbols to a WatchList, and overwriting the MyFav WatchList each time the scan is executed.
ATTN: When performing a scan for a Relative Strength Matrix, please be aware that it is presently constrained to examining a maximum of 200 symbols.
This limitation is in place due to the substantial amount of hardware resources required to scan such a large number of symbols.
To put it into perspective, scanning a RS Matrix of 200 symbols is equivalent to examining a total of 39,800 symbol combinations (200*199), which involves a substantial workload.
'Restricted to 200 symbols at a time
Set Var Total = PFTOTALBUYS + PFTOTALX
List symbols
where Candle Close > 50
AND Candle Close < 10000
AND Candle Volume > 25000
AND Candle Trades > 1000
Add Column PFSTATUS
Add Column PFTOTALBUYS as Buys
Sort on Column Buys desc
Group rows by Buys
Add Column PFTOTALX as X
Add Column Total Format 0
Add Column Candle Close as Close
Add Column Candle Volume AS Volume
Add Column Candle Trades AS Trades
Add Column Sector
Add Column SYMBOL1
Group rows by SYMBOL1
Set chart type to PF(PERCENTAGETYPE,2,3)
create RSMATRIX
Add to MyFav (SYMBOL1) RSM-NIFTY100 OVERWRITE
Apply Filter
PFTOTALBX > 0.5 * SYMBOLCOUNT(SYMBOL1)
AND PFTOTALBUYS > 0.66 * SYMBOLCOUNT(SYMBOL1)
AND PFTOTALX > 0.66 * SYMBOLCOUNT(SYMBOL1)
Apply to NIFTY100Below is a breakdown of the scan presented in a step-by-step manner.
Continue reading “Stock Screener – Create a Relative Strength Matrix via Advanced Scanner; Create and Overwrite a MyFavourite WatchList”This is an example of a (sentiment-based) scan that uses the newly introduced market aggregate functions in the Advanced Scanner that ships with ChartAlert
ATTN: This scan is an extension of an earlier scan (refer to Example 22: Define a time frame and classify the daily % fluctuations in closing prices within that timeframe into ‘n’ distinct categories), with the exception of extracting a few more data points in this scan.
List data from "01-Sep-2023"
Add col MARKET_COUNT(chg%<=-4) as Chg <-4% format 0
Add col MARKET_COUNT(chg%<0 and chg%>-4) as Chg 0 To -4% format 0
Add col MARKET_COUNT(chg%>0 and chg%<4) as Chg 0 to 4% format 0
Add col MARKET_COUNT(chg%>=4) as Chg >4% format 0
Add col MARKET_COUNT(chg%(cl, cl a month ago) >= 25) as MChg >25% format 0
Add col MARKET_COUNT(chg%(cl, cl a month ago)<= -25) as MChg <-25% format 0
Add col MARKET_COUNT(chg%(cl, cl a month ago) >= 50) as MChg >50% format 0
Add col MARKET_COUNT(chg%(cl, cl a month ago)<= -50) as MChg <-50% format 0
Add col MARKET_COUNT(chg%(cl, cl 34 bars ago) >= 13) as 34BChg >13% format 0
Add col MARKET_COUNT(chg%(cl, cl 34 bars ago)<= -13) as 34BChg <-13% format 0
Add col MARKET_COUNT(chg%(cl, cl a quarter ago) >= 25) as QChg >25% format 0
Add col MARKET_COUNT(chg%(cl, cl a quarter ago)<= -25) as QChg <-25% format 0
Add Column chg%
Add Column chg%(cl, cl a month ago) as MChg
Add Column chg%(cl, cl 34 bars ago) as 34BChg
Add Column chg%(cl, cl a quarter ago) as QChg
Apply to niftymic250
Set report type to SUMMARY-DATEWISEBelow is a breakdown of the scan presented in a step-by-step manner.
This is an example of a (sentiment-based) scan that uses the newly introduced market aggregate functions in the Advanced Scanner that ships with ChartAlert
This functionality was introduced in October 2023 (Version 23.10.1)
List data from "01-Sep-2023"
Add col MARKET_COUNT(chg%<=-4) as Chg <=-4% format 0
Add col MARKET_COUNT(chg%<0 and chg%>-4) as Chg 0 To -4% format 0
Add col MARKET_COUNT(chg%>0 and chg%<4) as Chg 0 to 4% format 0
Add col MARKET_COUNT(chg%>=4) as Chg >=4% format 0
Add Column chg%
Apply to nifty500
Set report type to SUMMARY-DATEWISEBelow is a breakdown of the scan presented in a step-by-step manner.
This is an example of a (sentiment-based) scan that uses the newly introduced market aggregate functions in the Advanced Scanner that ships with ChartAlert
This functionality was introduced in October 2023 (Version 23.10.1)
List symbols
Add Column Close
Add Column Volume format 0,000
Add Column IIF(cl > ema(50),1,0) as IsAbvEMA
Group rows by IsAbvEMA
Add Column CHG%(cl,ema(50)) as Diff%
Sort on Column Diff% desc
Add Column MARKET_COUNT(cl > ema(50)) as AbvEMA
Add Column MARKET_COUNT (cl < ema(50)) as BlwEMA
Add col MARKET_PERCENT(cl > ema(50)) as AbvEMA%
Add col MARKET_PERCENT(cl < ema(50)) as BlwEMA%
Apply to NIFTY500
plot ema(50)Below is a breakdown of the scan presented in a step-by-step manner.