I want to combine my
4 day up filter with the
co-relation calculator idea to have a calculator that can indicate how many times a stock has gone up consecutive days in a given time period. Ideally, the number of days up could be changed, as could the time frame. When a stock is on a multiday run, it is useful to know how many times the stock has a similar pattern in its history. If a stock is on a 3 or 4 day run up, and hasn't had 3 white candles in a row before, that is a different situation than if that same stock has had many 6 or 7 day runs. Both scenarios are valuable for longing and shorting considerations. The opposite, X days down consecutively, could be used to compile a likely bounce watchlist.
The ideal calculator would then have this format:
[X consecutive days {up/down} for stock ABC over timeframe Y days] = ANSWER
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