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Nisons Above/Below Stomach formula

Last post 03-14-2009, 22:51 by pspr. 2 replies.
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  •  03-12-2009, 20:35 29173

    Nisons Above/Below Stomach formula

    Does anyone have the metastock formula that is used in the Steve Nison Above Stomach and Below Stomach experts?

    Thanks for your help.
  •  03-12-2009, 22:50 29174 in reply to 29173

    Re: Nisons Above/Below Stomach formula

    Programming candlestick patterns can be exceptionally finicky.  If you consider that on any bar there are four data "items", OHLC, so there are 'X' combinations which could result in candle formations.  Things just get more compliciated if you assume >, >=, =, <= < comparative possibilities too; then there are the "rules" to be incorporated too...

    O > H {illegal}
    O >= H {illegal if O>H}
    O = H
    O <= H
    O < H

    O > L
    O >= L
    O = L
    O <= L {same as O=L}
    O < L {illegal}

    O > C
    O >= C
    O = C
    O <= C
    O < C

    H > L
    H >= L {if H=L, then O=H=L=C}
    H = L {as above}
    H <= L {same as H=L}
    H < L {illegal}

    etc etc and it just goes on from there!


    Add another candle and its 'X' possibilities and multiply this with the previous candle possibilities, leaving a massive matrix of possibilities in a two-bar pattern.  There are three-bar and more-bar patterns too!  Very few candle patterns have specific defintions; some definitions include vague terms too, like "long body".  How long is long?  Over what time period is long determined?


    Here is a website explaining some of the patterns Nison uses.  Look carefully at the required patterns and see if you can code them for yourself: http://solar.murty.net/~murty/candles/


    Hope this helps.

    wabbit Big Smile [:D]


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  •  03-14-2009, 22:51 29182 in reply to 29174

    Re: Nisons Above/Below Stomach formula

    Thanks, Wabbit. But I guess what I need is the pivot bar formula that Nison uses in the Candlesticks Unleashed above and below stomach experts or someway to combine the two experts. I want to combine the pivot bar buy and sell signals into one expert so I can see both pivots but I can't since the two experts are password protected and I can't find a password in the material. Any help would be appreciated. Wally
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