The magic Formular

Optuma Forums Optuma Scripting The magic Formular

This topic contains 2 replies, has 2 voices, and was last updated by Avatar Jonathan 1 month ago.

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #54207
    Avatar
    Jonathan
    • Topics: 31
    • Replies: 46
    • Posts: 77

    Hey There!

    So, I can only assume we are all in the same boat here…

    But can anyone share the magic script for finding shares that wedge…

    download

    I’ve tested the codes in https://www.optuma.com/finding-breakouts/

    And while these are awesome codes. I just can’t seem to find the companies that are trading or wedging sideways.

    Is this because this pattern clearly has no definable rules…?

    I’m sure we could learn a thing or two from Ganns Mexican Pete trade example…

    Love your input! 🙂

     

    #54211
    Darren
    Darren
    • Topics: 41
    • Replies: 280
    • Posts: 321

    Hi Jonathan,

    You need to be able to define the relationship of the arrows in a mathematical formula to trigger the signal, eg are they within 5% of each other? Or 2%? How they are determined eg Gann Swings, pivots, etc. Write the rules down and then you might be able to come up with a script – but it’s not straight forward.

    Also, we’d appreciate it if you only post Optuma charts on the forum. Thanks!

    2 users thanked author for this post.
    #54361
    Avatar
    Jonathan
    • Topics: 31
    • Replies: 46
    • Posts: 77

    Hi Darren

     

    Thanks for your reply 🙂

    Would it be possible to find something that suggested an initial run-up in price to a pivot high (Say more than 10% run-up from the last pivot low)…

    Then a run down in price to a pivot low.

    Then each run-up and run down in price. The highs and lows are within said 2 % of each other. And this occurred over say a maximum 12 day, week, month period. As example.

    Then to take it one step further. Volume decreases into the pattern and then increases as price exits the pattern.

    I’m not technically inclined to speak this in a mathematical way. But do you understand where I’m coming from :O

Viewing 3 posts - 1 through 3 (of 3 total)

You must be logged in to reply to this topic.

Pin It on Pinterest

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close