Tarama Key Reversals Explorer by Massimiliano Scorpio

Here are the MetaStock formulas for the concepts introduced in "Finding Key Reversals" by Massimiliano Scorpio elsewhere in 12/2001 issue.

To search a group of securities/markets for how often the pattern occurs and how profitable it is use the Explorer to create a new exploration using the following formulas:

COLUMN FORMULAS​

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Key Reversals Explorer
ColumnA: # pat
pat:=L < Ref(L,-1) AND C>Ref(C,-1) AND C < H;
Cum(pat)
ColumnB: # bars
Cum(1)
ColumnC: % pat
pat:=L < Ref(L,-1) AND C>Ref(C,-1) AND C < H;
PREC((Cum(pat)/Cum(1))*100,2)
ColumnD: # wins
pat:=L < Ref(L,-1) AND C>Ref(C,-1) AND C < H;
Cum(Ref(pat,-1) AND H >= Ref(H,-1))
ColumnE: % wins
pat:=L < Ref(L,-1) AND C>Ref(C,-1) AND C < H;
PREC((Cum(Ref(pat,-1) AND H >= Ref(H,-1))/Cum(pat))*100,2)
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--Cheryl C. Abram, Equis International
www.metastock.com or www.equis.com​

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Source / From:​

http://www.traders.com​