|Posted - 08/09/2006 14:48:32
Company Name: Professional Software Solutions
Image 1: The “Pivot Pattern Recognition Engine (PSS_PPRE).”
The chart above shows a 3 wave Gartley setup - X/A/B/C/D. When a new pivot is detected the Engine analyzes the new waves. A minimum of 5 pivots is required for the Gartley setup(XABCD), which occurs in late march - when the PSS_I_PRRes Indicator starts drawing.
When the D pivot is reaching 19.01 - on 3/25/2003 - the gartley conditions are fulfilled - indicated by the jump of the thick white line from 0 to 100 (PRVal01).
You can also see the the three calculated ratios: 131.95=XD/XA, 77.64=BA/XA, 196.84=DC/BC.
Image 2: Here is the example of the Gartley configuration file.
The image above shows the Gartley configuration file defining the ratio of XD/XA in the range of 60 to 80 and 120 to 140 percent(%):DRatio1=XD/XA
Add-on Name: Pivot Pattern Recognition Engine
Analysis: Fibonacci, Reversal Patterns, Trend-Support & Resistance
The PSS_PPRE indicator allows you to automatically identify complex patterns such as Elliot, butterfly, Gartley etc.
You can also incorporate the Pivot Pattern Recognition Engine into a trading strategy for automated trading.
The pattern configuration file can be easily customized for your any custom pattern. The PSS_I_PPRes Indicator
shows you the ratio of any pivot pair and the cause if all required retracement ratio(s) are met.
- Automated detection of pivot patterns ((like Elliot, butterfly, Gartley etc).
- Automated detection of major pivot points for Fibonacci retracement.
- Pivot Pattern Recognition Engine can be incorporated into trading strategies for automation
|Posted - 05/08/2007 14:07:14
Originally posted by dmo
Can you provide more detail about your product?
Yes, The Pattern Recognition Engine processes the chart in the following phases:
a) Detect the major/minor pivot points (similar to the ZigZag Indicator)
b) Assign the pivot points to the letters specified in the configuration file
(Example: Assign last five pivots to XABCD)
c) Calculate the ratios between the assigned points
(Example: DRatio1 is XD to XA = 161%)
d) Check if the condition(s) specified in the configuration file check out
e) set the new bar status to YES(Matching pattern requirements) or NO
More details at:
Example Config File: