Chart Pattern Recognition Software Metastock
- The advanced software algorithms then search through all of your charts to find the ones with definite patterns, and even the ones in the early stages of a pattern. STEP 2: Begin to focus on specific chart patterns. With a detailed list of the best candidates, now you can begin analyzing individual charts with CPR and MetaStock's Expert Advisor.
- Print This Page. Pattern Recognition Pattern Recognition spotlights any of seven existing or emerging base patterns on MarketSmith Daily and Weekly stock charts. Learning to identify these base patterns adds an important aspect of technical stock analysis to your most important investment decisions, particularly optimum buy and sell points.
Jack, if I understood what you were talking about I would agree 100%, for sure. Just kidding.I mentioned in another post that trends are defined by their ends and got trashed, sort of. It's just a y=mx + b representation, a simplification for sure, but a useful one. I did focus on the end points of trends and got some satisfying results at one point.NeoTicker has a feature where you can capture part of a chart and tech analysis overlays and use that as backtesting criteria.
John Murphy's Chart Pattern Recognition. Sales@metastock.com: CATEGORY: SOFTWARE. Support Additional Information. General Information TOP: Product name: John Murphy's Chart Pattern Recognition Initial Price: N/A Brief product description: Product added for the Readers' Choice ballot. Plug-in for Metastock.
Never tried it myself but on the surface it seems like a real easy way to get underway with testing pattern ideas.Max. Quote from maxpi:Jack, if I understood what you were talking about I would agree 100%, for sure. Just kidding.I mentioned in another post that trends are defined by their ends and got trashed, sort of. It's just a y=mx + b representation, a simplification for sure, but a useful one. I did focus on the end points of trends and got some satisfying results at one point.NeoTicker has a feature where you can capture part of a chart and tech analysis overlays and use that as backtesting criteria.
Never tried it myself but on the surface it seems like a real easy way to get underway with testing pattern ideas.Max. More.Thanks for the reference. I agree with you that end effects is a very fertile area.To get o the opportunity you have to recognize that ends do not occur on EOD data. I tune through seven fractals to find the optimum one for a given market pace.Then I pair the fractal with the next fastest one for using the maths for anticipation.Between these two fractals that slip and slide with market pace changes, you arrive in end effects land.it is neat to think about when the back testing industry is going to get a wakeup call that says what they are doing isn't quite useful at all.Some of those backtesters actually change their trading algorithms to improve their backtesting results. Strange to say but the backtesting approaches drive the situation and that prevents iterative refinement because they get into curve fitting.Capturing a part of a chart and then fixing the trading algorithm sounds terrific to me.
Back testing after the fix is then a possibility.That was funny when you remarked about not getting very far with the general linear equation.Trying to get a response from the thread originator on the ROI ball park was about the same.Obviously he is dealing with a lousy set of stocks to begin with and his backtest period is pure humor as it goes through the markets that occurred.Can you imagine what would happen if he worked into delineations like market sectors??? I use excel to optimize my universe by employing sector analysis.
Stock Chart Pattern Recognition
It is really neat to see how money is made as the sectors rotate and cycle.
Pattern Recognition Software
Take Japanese candle pattern analysis to a new level with this MetaStock add-on from the author of “Candlestick Charting Explained.”Many traders have already discovered that Japanese candlesticks allow them to see data more comprehensively at just a glance, but they often ignore critical variables. Though many candlestick products exist, they don’t offer detailed pattern recognition and filtering, and they don’t use correct methodology (original Japanese).Greg Morris, Western candlestick pioneer and author of “Candlestick Charting Explained,” has partnered with MetaStock to develop the Japanese Candle Pattern Recognition Add-on. Greg Morris“I attended a Market Technician Association seminar in Phoenix, AZ in 1988. There was a large contingent of Japanese traders present and they presented their charting techniques.
It was the first time I had ever heard of “Hi Ashi,” which is what the Japanese call their candlestick chart. I was working with N-Squared Computing then and we decided to create a charting product using Japanese patterns with automatic recognition capability. I traveled to Japan and stayed with Takehiro Hikita who was an active red bean and rice trader in Yokohama.
He was intent on teaching me the art and also helping in translating several books.There are many books out now on candle patterns and most software programs have candlestick charting capability. However, very few have the correct methodology (original Japanese). This product uses ONLY the candle patterns that came from original Japanese literature, with two exceptions. The Three Outside and Three Inside patterns were created when I was at N-Squared Computing to enhance the Engulfing and Harami patterns. They do that quite well, but please realize they are NOT real Japanese candle patterns.Note:I find it amusing that in new books on candlesticks, the Three Outside and Three Inside patterns are generally included as if they are actual Japanese candle patterns. I think only Steve Nison and I did any original research, the rest obtained their knowledge from us.For additional study I humbly recommend you refer to the 3rd edition of my book, Candlestick Charting Explained, published by McGraw-Hill. I cover all of the patterns included in this product, the single day patterns, and many others that were created to fill holes in the Japanese literature.
This product follows closely the details laid out in the book. The book was first published in 1992 and is on its 3rd edition with a vast amount of statistics.”– Greg Morris.