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Automated Chart Pattern Identification

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Presentation on theme: "Automated Chart Pattern Identification"— Presentation transcript:

1 Automated Chart Pattern Identification
Autochartist Automated Chart Pattern Identification

2 Autochartist Chart Patterns:
Price fluctuations between psychological support and resistance levels (overbought / oversold levels). Scans all forex pairs, automatically detects technical chart patterns Fully automated – no human intervention Identifies both end-of-day and intraday patterns

3 Which Patterns Head and Shoulders Rectangles Channels Flags Pennants
Symmetrical Triangles Ascending Triangles Descending Triangles Rising Wedges Falling Wedges Double Tops Double Bottoms Triple Tops Triple Bottoms

4 Why Chart Patterns? Benefits
Chart patterns are rooted in the theory of market psychology Chart patterns have been researched since the 1930’s and are universally accepted by technical analysts All Technical Analysis literature refer to chart patterns, but none provide any help with identifying them Benefits Being able to identify chart patterns with no prior experience Time saving Trade ideas

5 Autochartist Windows Application
Resident on desktop – 24 hour streaming of new technical chart patterns Independent of any trading platform

6 Pattern Details

7 Prediction Region

8 Emerging Patterns

9 Using Chart Patterns Effectively
Use a market direction indicator, for example: Moving Average Don’t trade noise, trade psychology – longer patterns, longer time intervals Close bad trades earlier


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