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