Stocks & Commodities V. 24:2 (36-42): Sidebar: MetaStock Formulas and Guidelines by Giorgos Siligardos, Ph.D.

Stocks & Commodities V. 24:2 (36-42): Sidebar: MetaStock Formulas and Guidelines by Giorgos Siligardos, Ph.D.

Open the Indicator Builder and create the following indicator, which is the basic identification algorithm:

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Name:

IsCup

Formula:

{0}P1:=LastValue(HHV(Log(H),20));