{"product_id":"v159tradtip","title":"V.17:1 (59-61): Traders' Tips","description":"TRADERS TIPS\u003cbr\u003e\u003cbr\u003eHere is this months selection of Traders Tips, contributed\nby various developers of technical analysis software to help\nreaders more easily implement some of the strategies presented.\nInternet users will also find these and some previous\nTraders Tips on our home page at http:\/\/www.traders.com.\u003cbr\u003e\u003cbr\u003eTRADESTATION \/ SUPERCHARTS\u003cbr\u003e\u003cbr\u003eOur focus this month in Traders Tips is on the cup-with-handle\nchart pattern that Rick Martinelli and Barry Hyman\nexplored in the October 1998 STOCKS \u0026amp; COMMODITIES in\nCup-with-handle and the computerized approach. When\nall the criteria fall into place, this chart pattern really seems\nto pick out some nice bullish breakouts. I must caution you,\nthough, that as with most chart patterns, the cup-with-handle\nformation is subjective. In other words, the pattern defined\nfor the computer program may not recognize some legitimate\ncup-with-handle formations or may display a pattern where\none does not truly exist. Thus, in setting up the EasyLanguage\nindicator below, I have tried to strike a balance between the\ntwo extremes.\u003cbr\u003e\u003cbr\u003eThe name of the EasyLanguage indicator described here is\ncup \u0026amp; handle. When the indicator identifies a cup-with-handle\nformation, it will place the following characters on the\nchart for identification of the key points:\n\u003cpre\u003e\nK: Beginning of the setup phase\nLS: Left-hand side of the cup formation\nRS: Right-hand side of the cup formation\nB: Bottom of the cup.\n\u003c\/pre\u003e\u003cbr\u003e\u003cbr\u003eOnce the key points have been identified, the indicator will\nalso plot a horizontal line at the level of the right-hand side of\nthe cup. The horizontal line will continue to plot until either\nthe upward price breakout occurs or the close falls below the\nacceptable level. If an upward price breakout occurs, a red dot\nwill be plotted at the close (Figure 1).\u003cbr\u003e\u003cbr\u003eThis indicator will generate an alert for two situations. The\nfirst is when a valid cup-with-handle formation has been\nidentified. The second is when a price breakout above the\nright-hand side of the cup formation has occurred. AlrtLen,\nthe only input for this indicator, determines the number of\nbars after the occurrence of either of the two above criteria\nthat an alert will be generated.\u003cbr\u003e\u003cbr\u003eTo create the cup-with-handle indicator, you can use the\nfollowing EasyLanguage code:","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134085067121,"sku":"\\V17\\C01\\009TIPS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ce00f979-2872-4339-a608-b31f26724db8.jpg?v=1739665408","url":"https:\/\/shop.traders.com\/products\/v159tradtip","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}