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The magic Formular

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• #54207
Jonathan
• Topics: 34
• Replies: 53
• Posts: 87

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…

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…

#54211
Darren
• Topics: 48
• Replies: 329
• Posts: 377

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!

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#54361
Jonathan
• Topics: 34
• Replies: 53
• Posts: 87

Hi Darren

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

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