The Cup with Handle is a bullish continuation pattern. It must therefore be preceded by a bullish trend, the cup should not exceed 50% retracement of this bullish trend, like the handle which should not exceed 50% of the depth of the cup.
The target of this pattern is to report the depth of the cup above the neck line.
The screener scans the stock market for Cup and Handle pattern. 150 candles are scanned. The Cup and Handle Indicator is included with this screener, so you can display on charts the detected pattern.
Results are sorted according to the position of the current stock price relative to the Cup and Handle pattern :
A general filtering on the daily timeframe is done on the stock price, as well as the exchange's volume. This filtering guarantees the stocks appearing in results are in your liquidity criteria.
Parameters can be adjusted in a very simple way to search the Cup and Handle that meets your criteria. All these settings can be made without modifying the code, in the variables menu of the indicator.
Adjustable validation criteria :
Available filters :
General filter :
Video user guide (english subtitles available) :
Details of available settings :
Disclaimer
Our proposed tools (indicators and screeners) are not investment advices but tools allowing everyone to find specific graphic configurations.
Investing in the financial markets involves risks up to and including the total loss of capital.
The user of the proposed tools understands and accepts that the use of these tools is under his sole and entire responsibility. P2C Trading declines all responsibility in the use of the tools and the consequences that would result.
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