Click here to Login








Ascending, Descending and Symmetrical Triangle Chart Patterns

by QuantShare, 4495 days ago
Share |






A triangle is a chart pattern formed when two trendlines are converging. When the resistance line is increasing and the support line is horizontal, we call this chart pattern an ascending triangle. When the support line is decreasing and the resistance line is horizontal, we call it a descending triangle. Finally, the symmetrical triangle occurs when the support line is increasing and the resistance is decreasing (and of course, both lines should be converging).

As with the wedge pattern (Falling Wedge and Rising Wedge Patterns), the triangle chart patterns are detected using the "AutoSR" function. Additional information can be found here: Detect chart patterns using the auto support/resistance indicator

This screen searches for stocks or securities that have one of the triangles patterns. It also creates two columns:
Pattern: Returns the detected pattern. Available values are ascending, descending and symmetrical.
Signal: Returns "1" if the pattern generates a long/short signal. This occurs when the security price crosses above/below horizontal line (or one of the oblique lines for the symmetrical triangle pattern).

Example:
Enter long when the stock price crosses above the resistance line of the descending triangle pattern.
In case the ascending triangle pattern is formed, a short signal appears when the stock price crosses below the horizontal support line.


Share This ->
Share |


You have to log in to bookmark this object
What is this?




Type: Screen

Object ID: 1151


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects
Show All
Top 20 stocks with the highest 10 day rate of change - Current and 10 days ago (by Brian Brown, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 119 Notes Report an item
Falling Wedge and Rising Wedge Patterns (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 121 Notes Report an item
Large price and volume gain after consolidation (by QuantShare, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 137 Notes Report an item
Gap Up Opening (by Raju Harchandani, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 60 Notes Report an item
Stocks with the highest Volume Increase (by Brian Brown, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 98 Notes Report an item
Low Priced Stocks After Jump UP (by pupkinus, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 66 Notes Report an item
Stock Bounces off its Previous Resistance or Support Line (by Brian Brown, uploaded several months ago)
No notes

Rate an item Rate an item Rate an item Rate an item Rate an item Number of downloads 217 Notes Report an item
Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Detect chart patterns using the auto support/resistance indicator

Getting Accurate Backtesting Results: Survivorship bias-free S&P 500

10 masks to create thousands of rules to use into your trading system

Trading System Analysis: Backtesting report and custom measures

How to predict and trade the stock market using pivot points

9 mistakes you should avoid when backtesting an end-of-day stock trading system

6 ways to download free intraday and tick data for the U.S. stock market

Reducing risk and increasing return by combining several trading systems

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2024 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.