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Chart Pattern Recognition 1 |
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- Detects and draws the following chart formations:
- Ascending and Descending Triangles.
- Symmetrical and Expanding Triangles.
- Uptrend and Downtrend Channels.
- Rising and Falling Wedges.
- Rectangles.
- Draws parallel lines without a second peak or trough.
- Three different signals for potential entries:
- Breakouts, Confirmed support or resistance, Price just above support or below resistance.
- Calculates all lines on logarithmic scale.
- Additionally the close price can be selected instead High & Low to draw and detect trendlines.
- Audio and email alerts available.
The snapshot below shows the parameter window in automatic analysis. It allows you to select the desired pattern for automatic analysis and to use the sensitivity parameter from the chart.
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