I am newbie intrested in chart pattern stocks trading. I want to know if I could do the following. I will be using chart pattern extension.
(1) screen a universe of stocks like sp500 and detect confirmed or forming patterns and then backtest patterns detected in those stocks to see what is the success rate and other stats in a particular stock
(2) Can extension give me entry, target and stop prices?
(3) Can extension provide a confidence level?
(4) Same thing as above with custom patterns created with price grid editor
(1) screen a universe of stocks like sp500 and detect confirmed or forming patterns and then backtest patterns detected in those stocks to see what is the success rate and other stats in a particular stock
(2) Can extension give me entry, target and stop prices?
(3) Can extension provide a confidence level?
(4) Same thing as above with custom patterns created with price grid editor
Rename
Confidence Factor (confidence level) is what the PriceGrid* indicators return. Being regular indicators, they can be chosen in the broad choice of Building Blocks much like other oscillators. Consequently, answer to question #1 is a definite yes.
As for #2, these prices depend entirely on your trading logic and rules.
As for #2, these prices depend entirely on your trading logic and rules.
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