Candlestick chart pattern recognition

Candlestick Charts

Free automated pattern recognition software that recognizes over 170 patterns, including chart patterns and candlesticks, This native of Japan form the Chart representation played before not too long ago a minor role, now it is however the most common Chart . This is due to the fact that candlesticks give compared to traditional beams a number of valuable additional information, it is further by approach to the struggle of bulls and bears to the predominance in the market more clearly than any other display options.

Learn to trade with Candlestick Chart Patterns for uncanny profits. If you look at the similarities to bar, line or point and figure charts so it must be noted that no information is lost. Cycles curves, high and low points, curves and indicators Trendline classifications are identical under the premise of the same starting material.


Basically, Learn Candlestick Chart Pattern Recognition Quick and easy. candlesticks candle-like structures, which consist of the actual body (english "body", Japanese "jittai") and thin strokes above or below the body (English "shadows", Japanese "kage"). A distinction must be trade margins with rising prices (closing price greater than the opening price) and a white candle as a result of falling prices and trade margins (larger opening closing price) and a black candle as a result. The thin lines above it (sometimes referred to as "wicking" refers to) or below (analogous to the "fuse") of the candle body reflect the price movements outside of the opening and closing price.

The single candle in itself has thus already a fairly comprehensive information since it is clear how well the market has developed in that trading range. Particular importance is, however, the exact form of the single candle, and the sequence of white and black candles in chart history. And for the single candle and the candlestick in the succession of several trends have developed over a number of fixed terms, which under our "technical analysis" the most important ones are presented. Not all interpretations are equally useful and meaningful, the practical usability of the reader may judge himself. Professional charting software solutions are often forced to recognize automatically the location of specific formations and, based on a "candlestick trading system" offer. The question of the proper time frame should be related to the predictive quality of the formations of special attention.