Chart pattern recognition software

Chart pattern recognition software

Chart Patterns to German chart patterns, including a popular analysis tool of forex traders. They form a part of the technical analysis and can help you see more clearly the market and predict future price movements. Chart patterns are as old as the technical analysis indicators themselves, and you do not need to see them.


Patternz: Free automated pattern recognition software that recognizes over 170 patterns, including chart patterns and candlesticks, Generally one can distinguish between these patterns Continuation Patterns (continuing the trend) and Reversal Patterns (a change of the trend is expected). However, there are patterns that can be both simultaneously. Therefore, I advise them to place orders blindly, but you should wait for additional signals. The following list presents the most popular patterns:
Double Top (Reversal)
Double Bottom (Reversal)
Head and Shoulders Top (Reversal)
Head and Shoulders Bottom (Reversal)
Falling Wedge (Reversal)
Rising Wedge (Reversal)
Rounding Bottom (Reversal)
Triple Top (Reversal)
Triple Bottom (Reversal)
Bump and Run Reversal (Reversal)
Flag, Pennant (Continuation)
Symmetrical Triangle (Continuation)
Ascending Triangle (Continuation)
Descending Triangle (Continuation)
Rectangle (Continuation)
Price Channel (Continuation)

Autochartist is a software application that automatically scans markets for chart patterns and displays them. Many of the patterns I present in separate articles on the chart you can see but a few important patterns that were easy to see and with whom you would have found many good trades. The rupture of the long upward channel, for example, went hand in hand with a sharp drop in the EUR. One popular pattern is the Ascending Triangle, rising in German triangle. In this case the price of the triangle is broken up, then came back and respected the old resistance level as support, then to climb too high up. Learn to trade with Candlestick Chart Patterns for uncanny profits. The small downward channel, which began at the price of 1.37, has the form of a flag and represents a continuation pattern dar. The fact that the flag of the 21 EMA and the highs last respects has made, suggests that the trend intact is. During an outbreak, the flag up so you could place a buy order.