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3S Code for MetaStock looks for 123 Top and Bottom patterns (sometimes known as A-B-C Tops or A-B-C Bottoms). These patterns and their entry signals depend entirely on price action, so they do not suffer from the lag affecting most indicators
3S Code for MetaStock looks for 123 Top and Bottom patterns (sometimes known as A-B-C Tops or A-B-C Bottoms). These patterns and their entry signals depend entirely on price action, so they do not suffer from the lag affecting most indicators.
The patterns represent diminishing price momentum, possibly indicating a change in trend. They typically occur at the end of trends or swings but can also appear within a trading range.
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