By Murphy J.
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Additional resources for Chart Pattern Recognition For MetaStock and MetaStock
5) TrendCalcMethod — Specifies ZigZag method. Linear Slope method, or Moving Average method, (default = Z) TrendCalcPeriods — Specifies how many periods should be used to determine the current trend, (default = 3 for ZigZag, 13 for LinearSlope or MovingAverage) TrendCalcSlopeCutoff — Specifies the value for which the slope will be considered an uptrend. 03 for LinearSlope method, 0 otherwise) VerticalSymmetryVal — The maximum percentage difference that the head can be from the average height of the shoulders, (default =10) HorizSymmetryVal — Specifies the maximum number of times greater that the distance between the left shoulder and head can be than the right shoulder and head, and vice versa.
Where to place protective stops. To view a chart's Expert Commentary 1. Run MetaStock. 2. Choose Open from the File menu. Open a chart. 3. Choose Expert Advisor from the Tools menu. 4. Select "John Murphy - Chart Pattern Recognition' from the Expert Advisor dialog. Click the Attach button. 5. Choose Expert Commentary from the View menu. 6. To get feedback on a bar other than the last bar on the chart, simply click the mouse above/below the desired bar. For example, you may want to see feedback on the bars at the end of the most recent highlighted chart pattern, or perhaps on the day of the last entry/exit point.
5 times the distance of the right shoulder and the head, and vice versa. 0 when the pattern enters Stage 2 from Stage 1. DTProjection/DBProjection - Returns an array filled with the following values starting with the bar in which the pattern enters Stage 2 and stepping backwards: the Stage 2 time objective, the Minimum price objective, the Maximum price objective, and the stop loss value. DTNeckline/DBNeckline - Returns an array filled with the value of the middle trough at each bar between where the pattern entered Stage 1 and where it entered Stage 2.