Free Pattern Recognition Program

[mashki]

Here is one good pattern recognition software:

http://thepatternsite.com/patternz.html

 

Features

 

Patternz is a Windows based program that automatically finds chart and candlestick patterns. It has these features.

 

-Finds 66 unique chart patterns (see Patterns Form)

-Finds 105 candlestick patterns (see Patterns Form)

-Has a chart pattern indicator to detect market turns (see the Chart Pattern Indicator Form)

-Allows the selection of patterns with the best overall performance, fewest failures, reversals, and continuations (see the Patterns form)

-Scans files to find patterns and lists results (see List Form)

-Allows up to 9 criteria to select patterns for performance (radio buttons on List Form)

-Filters stock selections for price and volume

-Shows cycles (chart form)

-Shows phi extensions for price prediction (Phi button on chart form)

-Sorts selected patterns to highlight most recent (see List Form)

-Export pattern information to clipboard or Excel for analysis (see List Form)

-Pattern watch lists make the selection of patterns easier

-Security watch lists allow important securities to be found quickly and easily

-Highlights support and resistance (SAR button on Chart Form)

-Tells about chart and candlestick patterns (the Tell button)

-Calculates a volatility stop (the Stop button)

-Calculates pivot points, S1, R1, S2 and R2 (the Forecast button)

-Calculates a Fibonacci retrace (the Retrace button)

-Forecasts tomorrow’s closing price (see the Forecast button) with back testing capability

-Detects tall candles which means a minor high or low 66% of the time (give or take a day)

-Supports trendlines (see the Chart Form)

-Volume ticks show pattern end points, which helps with volume trend and shape analysis

-Supports bar or candlestick charts

-Extensive instruction manual or look at the black help window at form top as you tab around

-Setup allows the tuning of Patternz parameters (see Setup button on Chart Form)

-Works with a variety of ASCII file formats

-Supports Windows 3.11 and more recent versions, such as XP and Vista

-Adware and spyware free

-It’s FREE

[pultimo]

Re: Free Pattern Recognition Program

 

"Patternz" is undoubtely a good and honest software; another one is "Ramp" (payed but not expensive) and much others more complicated. Unfortunatly, pattern's recognition suffers the same problems of others trading tactics. It may helps but - IMHO - it's not the key to winning trades..

[btrack707]

Re: Free Pattern Recognition Program

 

Does this software work on forex..? care to explain how to use with forex data.. thanks for sharing though.. :arrow: :peace: