Size: 34.88 MB
Release date: Jan 20 2014
Platform: Win2000,WinXP,Win7 x32,Win7 x64,Windows 8,WinVista,WinVista x64
Publisher’s Site: http://www.candlescanner.com
Publisher’s Product Page: http://www.candlescanner.com/candlescanner-overview/
Japanese candle patterns are well known and routinely implemented in displaying price behavior. However, when apparent emerging patterns are analysed and discussed, it is frequently the case that the conclusions are imprecise, and, indeed, often result in contradictory interpretations of what the patterns are actually saying. Hence, to accurately implement a tool scanning charts for candle patterns is not a straightforward undertaking.
The application of CandleScanner is extremely versatile, and can be used by a whole spectrum of traders involved in, for example, stock market trading, commodities markets, futures markets or forex. Also, those who are just beginners will find CandleScanner a great learning and training tool, where they can learn from real-life data-based examples, rather than just pure text book theory.
With the application you can do the following:
– Quickly scan candlestick charts to find all occurrences of candle patterns
– Measure the efficiency of patterns, i.e. are they working as you expect them to?
– Build trading strategies based on candle patterns and simulate transactions (backtesting)
CandleScanner is highly configurable, meaning that you can adjust it to your specific needs. The algorithms scanning the candlesticks charts have many parameters, which can be set by the user. Also, the visual aspects of the application are highly customizable, enabling everyone to find their desired optimal settings.