Continuation Pattern

[Vinubhai Patel-1763636813246]

Hi,

I couldn't find any of the continuation patterns like Bull Flag, Pennant, Ascending Triangle, Rectangle - How can I scan stocks for such patterns?

Thanks

[bbrijesh]

@Vinubhai Patel You can scan the Super Pattern or Anchor Column Follow Through pattern for the Flag and Pennant in the P&F scanner.

For Triangle, there is a Triangle scanner in P&F.

For Rectangle, you can scan Triple Top or Quadruple.

[Vinubhai Patel-1763636813246]

Thanks for your quick response @Brijesh-Bhatia.
I have few other questions regarding the system builder if you can help with :

How can I filter stocks with following criteria
1.
Supertrend turned positive
High of the above bar where the super trend turned positive/green is broken

20 EMA is broken down
Low of the above bar where 20EMA is broken down is breached

How can I exit on the breach of the low of the bar on which we have entered into the position?

Thanks

[bbrijesh]

@Vinubhai Patel You can create the scanner in the system builder.

[Vinubhai Patel-1763636813246]

@Brijesh-Bhatia - appreciate your help
i.e. - If I created momentify strategy with some strategy and want to exit at the low of the buying candle - how do I create it in the system builder?
Similarly, how do I create a scanner in the system builder to filter the stocks based on following criteria:

• Supertrend turned positive
• High of the above bar where the super trend turned positive/green is broken

As always - grateful to you and the team

[bbrijesh]

@Vinubhai Patel

1. Regarding the exit strategy, how will the system decide which candle low?

2. Regarding Super Trend turned Positive, there is a criterai in the system builder.
   

3. Add Super Trend turned Positive at 1 and add High above the Previous Bar from the system builder.

[Vinubhai Patel-1763636813246]

@Brijesh-Bhatia
I thought we execute trade through momentify so the system know which candle we entered the trade and so it can decide which candle low to exit on

For Supertrend, What I noticed is that - most of the time - supertrend turns green and then it does not cross the high of that candle on very next day and it may take from 1 day to few weeks or more - so we don't know the exact timeframe between it turned green and it crosses the high. Is there a way to achieve that? Thanks