Click here to Login








Falling Wedge and Rising Wedge Patterns

by QuantShare, 4556 days ago
Share |






The wedge pattern is a technical analysis pattern that can be found in the price charts of a financial asset (Stocks, futures, ETFs and bonds).

There are two types of wedge pattern: Rising wedge and Falling wedge. The former is a bearish pattern that is characterized by a contracting range and by the market making higher highs and higher lows. The latter is a bullish pattern that is formed when the market makes lower lows and lower highs with a contracting range.






In the rising wedge, a bearish signal occurs when the stock or security price crosses below the rising support line. For the falling wedge, a bullish signal occurs when the stock price crosses above the falling resistance line.

The support and resistance lines are generated automatically using the "AutoSR" function. Given a specific period, this indicator creates the support or resistance line by automatically finding the line that links between two local lows (support) or two local highs (resistance).

This screen creates three columns:
Falling Wedge: Indicates whether this pattern was detected.
Rising Wedge: Indicates whether a rising wedge pattern was detected.
Signal: Return "1" if the price crosses above its resistance (falling wedge) or crosses below its support (rising wedge).


Share This ->
Share |


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




Type: Screen

Object ID: 1147


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
Ascending, Descending and Symmetrical Triangle Chart 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 142 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

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

6 places to download historical intraday Forex quotes data for free

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.