The Cup-With-Handle Search Algorithm

SCORES FOR REJECTED CHARTS

Copyright © Haiku Laboratories 2008

Updated March 2010

 

 

Score

Reason for Rejection

0

Not enough data, Npts< 252, or too much data, Npts > 299

-1

Last price < minimum price

-2

One or more days have zero volume, within the last zvoldays

-3

50-day volume average too small, av50 < minav50

-4

50-day relative price-volume average too smal, arpv50 < eps

-5

price range too small, gmax / gmin < minprcrng

-6

no point C found, lots of zeros

-7

no point C found

-8

right side high point >= point C

-9

no point A found

-10

central cup points exceed the line joining points A and C

-11

pivot point too high

-12

pivot point too low

-13

handle too low

-14

handle too high

-15

point k not found

-16

point k not found,  not enough points

-17

point k not found

-18

no setup found

-21

error in UDVOL module

-31

data file not found