four years later the three-line-strike screener

• 02/27/2023 at 6:54 PM #210611
  Marcel van Vliet

  Despite the best candlestick setup with a win rate of 84% from the top ten by Thomas Bulkowski, 4 years after this post ( https://www.prorealcode.com/topic/three-line-strike/) there is still no 3 line strike screener in the screener library. Perhaps a nice idea to further develop the attached opening code together?

  Three Line Strike screener

  //Three Line Strike screener //Marcel van Vliet //27/02/2023 //MinPrice = 25 //MaxPrice = 1000 C1 = high>low C2= high[1]<high and low[1]>low and open[1]>close[1] and open[1]<open[2] C3 = high[2]<high and low[2]>low and open[2]>close[2] and open[2]<open[3] C4 =high[3]<high and low[3]>low and open[3]>close[3] and open[3]<open[4] C5 = close>MinPrice and close<MaxPrice SCREENER[C1 and C2 and C3 and C4 and C5]

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  //Three Line Strike screener //Marcel van Vliet //27/02/2023   //MinPrice = 25 //MaxPrice = 1000   C1 = high>low C2=  high[1]<high and low[1]>low and open[1]>close[1] and open[1]<open[2] C3 = high[2]<high and low[2]>low and open[2]>close[2] and open[2]<open[3] C4 =high[3]<high and low[3]>low and open[3]>close[3] and open[3]<open[4] C5 = close>MinPrice and close<MaxPrice   SCREENER[C1 and C2 and C3 and C4 and C5]

   

  

  Marcel van Vliet

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  03/30/2023 at 7:18 PM #212579
  Meta Signals Pro

  Hi,

  Why not create a strat about this idea?

  Best,

  Chris

  

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  03/31/2023 at 1:21 PM #212611
  Madrosat

  Marcel a écrit

  c1 = High > Low

  for me  High is ever highest than Low??? i don’t understand.

  

  Madrosat

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  03/31/2023 at 2:19 PM #212615
  Nicolas

  I bet c1 = 1

  

  Nicolas

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  09/09/2023 at 3:49 AM #220607
  qigley

  This will do it. Only a minor change to your code.

  I back tested the ASX for one year and only got 22 results so it is a setup that does not occur often.

  Only 3 of those 22 failed,  confirming a better than 85% success rate, but incurs a waiting time of up to 40 trading days to get the rise.

  i=0 C1= high[i+3] > high[i+2] AND high[i+2] > high[i+1] AND high[i] > high[i+3] C2= low[i+3] > low[i+2] AND low[i+2] > low[i+1] AND low[i+1] > low[i] C3 = close[i] > open[i] C4 = low[i] = open[i] SCREENER[C1 AND C2 AND C3 AND C4]

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  i=0   C1=  high[i+3] > high[i+2] AND high[i+2] > high[i+1] AND  high[i] > high[i+3] C2=   low[i+3] >  low[i+2] AND  low[i+2] >  low[i+1] AND  low[i+1] > low[i] C3 = close[i] > open[i] C4 = low[i] = open[i]   SCREENER[C1 AND C2 AND C3 AND C4]

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  Marcel van Vliet

  

  qigley

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  10/13/2023 at 6:40 AM #222383
  IAmShareCrazy

  Why qigley doesn’t it always pull the right results? Cemtrex was correct this week and Pyxis Oncology was not. Does it always have to be three down days?

  

  IAmShareCrazy

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  10/22/2023 at 6:14 AM #222765
  qigley

  IAmShareCrazy wrote:

  Why qigley doesn’t it always pull the right results? Cemtrex was correct this week and Pyxis Oncology was not. Does it always have to be three down days?

  If patterns repeated themselves endlessly, then there would be no stock market because everything would be predictable.
  Once you identify the pattern, you still have to exercise risk management if you trade it.
  For the two stocks you mentioned,(NYSE:PYXS ,ASX:CXM?) I didnt identify the pattern recently, but in both cases the daily 20MA has a negative slope, so momentum may not be strong enough to uplift the price.

  ASX:SYR came up on the scan today. In this case, I suspect a high probablity the price will gain momentum, becuase China has implemented restriction on their graphite exports to come into force on 1st December, and there will be a short sueeze on this highly shorted equity..

  So it is not just the pattern itself, you have to read it in comjunction with other indicators.

  I am also trialling the algorithm in reverse, ie 3 days up, one day down, to see if it helps shorting.

  

  qigley

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  10/23/2023 at 12:42 PM #222816
  Marcel van Vliet

  The answer on this is to expand the number of markets. For instance all of the American stocks.

  

  Marcel van Vliet

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