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Scan the market for Cup and Handle pattern.

Works on all timeframe, 1hour and higher are preferred.

Many ajustable parameters are available without modifying the code.

Cup and Handle indicator included

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The Cup and Handle is a bullish continuation pattern.

This screener scans the market to find Cup and Handle pattern. The indicator wich displays the pattern on charts is included with this screener.
Works on all Timeframes, 1 hour and higher is better.

Cup and Handle indicator included

Depending on everyone criteria, as well as the timeframe used, many parameters are adjustable to allow everyone to have the tool that suits them, and this without having to modify any line of code.

To adjust screener parameters, simply open the Variables 🔧 menu  :

A first general filtering of stocks is carried out on the Daily time frame according to 2 criterias :

  • minimum stock price (for those who do not wish to have a penny in the results for example)
  • minimum average volume (expressed in number of transactions or capital exchanged) to have the desired level of liquidity on the stock.

 

Results Rankings

  • 0 = stockprice in no other area below
  • 1 = stockprice is near handle bottom
  • 2 = stockprice is near neckline
  • 3 = stockprice is currently breaking out the neckline

The values shown above are given, as examples and do not constitute an optimal or recommended setting, everyone should find his own settings.

 

Adjustable validation criteria :

  • Number candles scanned
  • Mini percentage bullish trend before the cup
  • Maxi percentage between tops
  • Mini and maxi cup depth
  • Mini and maxi handle depth
  • maxi percentage from actual price to neckline

 

Available filters :

  • Actual rice near neckline
  • Actual price breaking out neckline
  • Actual price on the potential handle bottom

 

General filter :

  • Minimum stock price
  • Minimum average volume
  • Average volume expressed in transaction number or in capital exchanged

 

Characteristics :

  • Works on daily TimeFrames and longer
  • ProRealTime V11 and later versions compatible
  • Free ProRealTime (daily closings) compatible
  • Automatic and free updates
  • Cup and Handle indicator included

 

🇫🇷 Tasse avec Anse / 🇮🇹 Tazza con Manico / 🇩🇪 Tasse mit Henkel / 🇪🇸 Taza con Asa

 

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