Posted By: yosoytrader
Trendline algorith - 07/02/16 15:50
Hi guys,
I've got a question for you algo experienced people,
I'd like to be able to identify trendlines (or support / resistance line), either horizontal or with an angle,
the only requirement is that it's defined with 4 turning points
Sample 1: see the horizontal blue line
Sample 2: see blue channel line
(finviz.com is a really cool screener, though not based on EU stocks...)
any ideas? the eye is so good on identifing those lines with 4 (or more) turning poings, however I don't know which algorithm / technology to do that on complex charts,
you know, it's not that simple as identifying a turning point (3 bars as a V, a higher low/a lower low/higher low)
moreover, is it possible to attach pictures to messages here?
Cheers
I've got a question for you algo experienced people,
I'd like to be able to identify trendlines (or support / resistance line), either horizontal or with an angle,
the only requirement is that it's defined with 4 turning points
Sample 1: see the horizontal blue line
Sample 2: see blue channel line
(finviz.com is a really cool screener, though not based on EU stocks...)
any ideas? the eye is so good on identifing those lines with 4 (or more) turning poings, however I don't know which algorithm / technology to do that on complex charts,
you know, it's not that simple as identifying a turning point (3 bars as a V, a higher low/a lower low/higher low)
moreover, is it possible to attach pictures to messages here?
Cheers