Automatically identify chart patterns in real-time
You can now have the tools to recognize patterns that are in the process of being formed - and give yourself an early indication of where potential opportunities are forming.
Chart patterns are one of the most powerful tools a trader or investor can use to analyze the markets. They are the result of price action, and because price is a level playing field many people choose to trade using charts.
News, reports, economic data, earnings...these can be complicated for the average investor or trader. Even more, this type of analysis is hardly accessible to most people. Price, however, is available to everyone, it can be charted and analyzed in real time. But it does require some expertise. So many people try to master charting analysis and most find themselves at some point memorizing and trying to identify chart patterns on perhaps first a daily chart and then try the same on intraday charts. Finding patterns can be difficult and time-consuming for both beginner and advanced traders. Incorrectly identifying patterns, not finding them soon enough, and not having enough time to scan multiple time frames, stocks and forex pairs can make charting frustrating - and the mistakes can be expensive lessons.
That's where Autochartist becomes an invaluable tool, an asset and, in many ways - a trading partner. Autochartist has been described by users as "a second set of eyes" and "my trading partner" and with good reason. With automated chart identification and live alerts, Autochartist is able to present a trader with set ups and opportunities. These opportunities would probably not be found without an automated tool like Autochartist.
Monitors all major markets
Thousands of the most liquid shares on global stock exchanges are scanned in real time for the following chart patterns: Head and Shoulders, Rectangles, Channels, Flags, Pennants, Symmetrical Triangles, Ascending Triangles, Descending Triangles, Wedge Continuations, Wedge Reversals, Double Tops, Double Bottoms, Triple Tops, Triple Bottoms.
Emerging Patterns
Autochartist also identifies patterns that are still in the process of forming, allowing traders to make pro-active decisions.
Prediction Regions
Based on the underlying charting theory, Autochartist offers traders target price regions that show expected price movements. These regions are adjusted according to pattern quality.
Alerts
Traders receive real-time notification of patterns that match their search criteria.
Quality Indicators
Five measures of pattern quality are included with every graph, making it easy for the trader to assess the potential value of the pattern.
