StockFetcher Forums · Filter Exchange · Undercut rally buy point mentioned by Dr. K and Gil Morales<< >>Post Follow-up
hgchcw
2 posts
msg #142577
Ignore hgchcw
3/3/2018 9:50:37 PM

In the website of O'Neil's disciples, Dr. K and Gil Morales, they mention the Undercut rally buy point, in which "a stock undercuts a prior low in the pattern, usually along the lows of a potential new base, and then rallies back above that low, triggering a buy signal based on the Undercut & Rally." The url is at https://www.virtueofselfishinvesting.com/faqs/answer/what-is-the-moving-average-undercut-rally-mau-r-pattern

Experts can you please help coding this in SF? thanks




jimvin
170 posts
msg #142694
Ignore jimvin
3/9/2018 10:41:25 PM

There are numerous variants on pull-back scripts on the site that you can probably modify to meet your request without huge effort.

For a start take a look at "The bow-tie" formation" by Chetron and "the uptrend pullback trend" by maxreturn.

(Disclaimer: I haven't touched a piece of working code since doing some COBOL work in the mid-80s, my immortal contribution to which was "IF LINUS = LUCY THEN
MOVE SNOOPY TO RED BARON")

jm.v.

StockFetcher Forums · Filter Exchange · Undercut rally buy point mentioned by Dr. K and Gil Morales<< >>Post Follow-up

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