Technical and fundamental analysis of the US and Canadian stock exchanges.

Stock Screening Articles

Saucer Pattern

Tuesday, June 07, 2005

Chartsmart's professional version allows you a lot more flexibility in stock screening because you can specify the value of the open, high,low,close and volume plus all kinds of indicator values for up to about 200 days back. This allows you to construct patterns, like saucers for example where you can specify what the closing prices are for the stock over the last x days in relation to eachother. For example, 6 days ago it is over 20% above 5 days ago and 5 days ago it is 10% above 4 days ago and so on. This allows a lot of screening flexibility then you can just run your screen and view the charts.

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Saucer Pattern
Posted by chartsmart at 7:50 AM