// Downloaded From https://www.WiseStockTrader.com MinPrice=20; MinVolume=100000; //Left side of Handle formation can occur anywhere from 2-25days - look at the last 25 bars and get the number of bars since condition met. LH=HHV(Close,25); // Highest close past 25 days. BLH=HHVBars(Close,25); // Tells us # of bars that have past since high reached. Used to determine lowest bar. BH=LLV(Close,BLH); // Lowest close since the highest value was reached/ BBH=LLVBars(Close,BLH); // number of bars that have past since lowest value. NBLH=BLH-BBH; // this is the number of bars in the formation of the left side handle. NBLH must be atleast 2 to be a valid handle formation. // Now lets get the cup formation. Cup formation can occur anywhere from 23 to 145 days. The left side of the cup can be from 20-120 days and the right side can be anywhere from 3-25 days. // get the right side of the cup(low). BC=LLV(Close,BLH+25); // look at 25 bars since the left side of handle. BBC=LLVBars(Close,BLH+25); // get the left side of the cup. LC=Ref(HHV(Close,120),BBC*-1); BLC=Ref(HHVBars(Close,120),BBC*-1); // Get highest value before left side of cup started to form. KC=Ref(HHV(Close,30),BLC*-1); BKC=Ref(HHVBars(Close,120),BLC*-1); Delta= LC/KC; //Calculate the up/down relative price value during time frame RC (Right Cup Formation) URPV=DRPV=0; i=EndValue(BLH); j=EndValue(BBC); do { URPV = IIf(Ref(Close,i*-1)>Ref(Close,(i+1)*-1),Ref(Volume,(i*-1))*Ref(Close,(i*-1))-Ref(Close,(i+1)*-1),URPV); DRPV = IIf(Ref(Close,i*-1)1 // Calculate Beta DRPV=0; i=EndValue(BBH); j=EndValue(BLH); do { DRPV = IIf(Ref(Close,i*-1)2 // 2. Bottom of the cup must be lower than the left top of the cup. // 3. Left handle must be lower than or equal to the lect cup formation. // 4. Bottom of the cup must be less than the left handle. // 5. Bottom of the handle must be > 80% of the left handle + 20% of the bottom cup. // 6. Start of cup/handle formation must be greater than precedding chart value. LC>LC // 7. Minimum price and volume you can set any way you like. Filter= NBLH>2 AND Close>BH AND BC.8*LH+.2*BC AND KCMinPrice AND MA(Volume,30)>MinVolume;