Automatic pattern recognition software

Each stock symbol MUST have its own file. Work with intraday data. It coughs up fur balls and dies. Update the data files. You have to do it yourself. Site Map. Visual Index. Subscribe to RSS feeds. Bulkowski's Pattern Recognition Software. Elliott Wave.

Busted Patterns. Chart Patterns. Event Patterns. Small Patterns. YTD Download Win XP only! New Installations. Almost Free Quote Downloader. Extract the new XP version and place the files in your Patternz folder. Not sure what XP version you have? Run Patternz and from the main menu click Help then Version. If it shows the version matching the one at the top of this page or more recent in case I forgot to update the website page , then you have the latest XP release.

Extract all of the files into a folder called Patternz. EXE to complete the installation. Once installed, remove all of the files from the Patternz folder except the MMM. CSV data file this is a sample file containing stock quotes for 3M, but it can be deleted especially once the program is up and running , Readme. EXE to run the program. Click on MMM. You may get a warning message that the file is out of date.

Click Yes to allow the program to pick the display dates. If MMM. CSV does not display properly, then visit the Diagnosing Patternz problems page. Changed the code so it would run on Ubuntu without crashing. It excluded the slope of the inbound trend. For example, a reversal occurs when price enters a candle pattern from the bottom and breaks out downward that's a reversal from trending up to down.

A high reversal rate says nothing about the strength of the trend which follows. The Continuations button checks the ten candlestick patterns in which the outbound trend direction matches the price trend preceding the candle most often. For example, if price rises into a candle pattern and breaks out upward, then the candle acts as a continuation of the upward price trend.

A candle with a high continuation rate says nothing about how long the post-breakout trend will last. The Best Performing button shows the top ten candle patterns that performed best over time the largest gain or loss after the breakout. Be aware that just because a candle shows a reversal or continuation most often doesn't mean a tradeable trend results.

Reversal or continuation reflect a change or not of the inbound price trend versus the breakout direction. Choose the breakout direction you're interested in up or down then choose one of the Reversals, Continuations, or Best Performing buttons. Clicking one of those will check ten candles. If you click more than one of those three buttons, additional candles will be checked some may be duplicated without the prior selections being removed.

For example, if a northern doji is the best reversal and the southern doji is the best continuation, clicking Reversals will check the northern doji and clicking Continuations will check the southern doji, so BOTH candles will be checked. If you wish to see only one set of top 10 candles, then click the Clear button first before clicking Reversals, Continuations, or Best Performing.

Pictured above is a reduced snapshot of the Chart Form as of version 7. Patternz charts your stock data and searches for chart patterns and candlesticks. From the main menu, highlight the files you wish to include in the indicator analysis. The index file you choose later see 2 below will be excluded from the analysis automatically. Often you can just click the Select All button on the main form to highlight all files. This is where the program draws the index candlestick chart and chart pattern indicator the long, vertical, red bearish signal and green bullish signal bars plus the wavy blue line, which is the indicator.

When analysis is complete, a Results box appears showing the last 7 days of data. The Fib Finder Form is new to version 6.

It allows you to search files for Fibonacci retraces and extensions. Access this form after selecting files you wish to search on the Main Form. That will ungray the menu item and clicking on the item will take you to this form.

NOTE: For most users, this form is no longer needed. I show it here only for advanced users, ones not using the Update Form to update their quote files. This form allows you to tell Patternz which quote items appear first, second, and so on, in your data files. The form provides a small chart 1 to see if your configuration is charting properly, a list of files to chart 2 , sample file contents 3 , a grid of file information 4 , and an area to configure your data files 5, 6.

Each file MUST have the same format. So if you change to a different quote provider and they have a different format, then replace all of your quote files. Patternz understands the differences in Patternz's quote providers, so there's no need to remove existing quote files if you change to another Patternz listed provider see the Update Form for more information.

To use this form, setup the column order by checking the appropriate check box in 5 and assigning the column number matching the order shown in 3. Adjust the date format 6 to match that shown in 3. When you're finished, click Graph and the results will appear in 1 and 4. For example, the first line of 3 shows that the date comes first, so the Column Order's Date text box 5 has a 1 in it. The next column in 3 shows the opening price.

In 5, check the Open check box and enter a 2 in the Open text box. Similarly, continue assigning a column to each of the items in 5 matching those in 3. If 3 has a column not matching a control in 5, then be sure to adjust the column number appropriately often by skipping a number.

All other check boxes should be unchecked and the associated text boxes should have a 0 column number 0 means unused. This shows the Fix Split Form. The form is easy enough to use, just follow the instructions listed on the form. This is the Forecast Form, new to version 7. I was interested in buying WDAY and ran the program to see what it forecast as the next trend.

Patternz correctly predicted the uptrend would continue, which it did the target is off the chart, at the top. You and you alone are responsible for your investment or trading decisions. Past performance is no guarantee of future results.

You'll quickly get the hang of this form. The tricky part is to watch which pattern's date your clicking start or end? If you click on a row in the grid, the form will show that stock. However, if you click Start again, it'll use the new stock as the benchmark and find patterns similar to the new stock. You'll figure it out and probably be pissed when you discover that instead of seeing patterns based on WDAY in my example , you'll be searching for a pattern in some other stock instead.

You'll have to follow the above steps to fix this. To avoid this, click Reset before you click Start. This box appears after a run completes and if you click the Results button After that, price may reverse and drop to the reversal targets shown in 4. After clicking Preview 10 , this is the pattern you're looking for, highlighted in thick red. These are the forecast targets for the stock, as described in 1 above. The top is Reversal Target 1 and the bottom is Reversal Target 2. The Continuation Target doesn't appear because it's off the scale.

This is the grid where the results appear. If you click on a row, it'll chart the stock and show the pattern. Thus, you can flip from chart to chart, looking at similar patterns and how price behaved after the pattern ended. Results won't be exact, but the pattern's signatures will be similar. Find Pattern blue label. Right mouse click a price bar on the chart to automatically fill in either a starting or ending date, depending on which radio button is clicked, or you can type in the date.

The radio button will toggle back and forth after each bar click. Thus, with the Start radio button checked, you can click on a price bar for the start and click again for the end price bar without changing the radio button. If you're confused, right click several times on one price bar and you'll see the radio button change. The program works best on the daily scale but you can select other scales as well.

If you have intraday files, then ignore these controls. The program offers three types of rules to find similar patterns: Strict, Normal, and Loose. Strict will look for nearly exact matches and loose will allow quantity over quality.

Play with the three and see what results you get. Use this button to find a stock symbol or you can type one into the associated symbol text box. The symbol must be in the same folder as the ones your searching. Click on grid row s and click Clipboard to copy the Results 1 on the chart and the grid results for pasting into another program like Excel or Notepad.

Draws the chart pattern in bold red found between the Start and End dates. If none shown, select different 'Find Pattern' 6 dates.

When you click Start, Patternz captures the stock symbol and some of the settings. Clicking Reset will restore the settings. This is useful if you click a grid row to chart one or more of the found stocks. Begin a run. Note that the saved Reset button information is reset when you click Start see Reset if you're confused. For the best results, try finding patterns using the pattern's start and end dates with 3 segments for Strict, for Normal, and for Loose rules.

What's a segment? The chart of WDAY at 3 shows a pattern with 4 segments, or straight lines in bold red. The second segment from the pattern's start may be hard to see, but it's there. That's why using the Preview button is handy. It'll show you what it believes is the pattern and you can refine it by adjusting the start date. Note: The pattern's start or end date may be different than what you select. That's because the program ignores small up and down moves. Does the forecast work?

Not always, of course. At least you'll be able to find similar patterns to see how price behaved after the pattern ended in the past. Maybe it'll help improve your success. From the main menu, select the stock symbols you wish to search and then click the List button. The List Form appears. After you click the Start button, the program will load each file and search for chart patterns and candlesticks. If it finds any, they will appear in the list, similar to that shown. The Graph button will chart the selected highlight the ones you wish to review in the list box list box entries.

You can sort the list by clicking the list box header labels Stocks, Last Close, Pattern Description and so on. The picture shows the News Form new to version 7. Use this form to get news on stocks. You'll need a Tiingo token and a paid subscription to their service as I write this, anyway to use this form.

The controls are either self-explanatory or the help text on the left side of the form will provide assistance. Enter your Tiingo token in 4. Type in the stock symbol if more than one symbol, separate them by spaces at 5, and press Start. The program will use the Internet to check if there is news on your stock files. The program can generally highlight chosen patterns on your charts, regardless of timeframe, scan customized markets and alert you when your criteria have been met.

Once the candlestick pattern recognition software finds your selected criteria, it notifies you the investor so that you can make the final decision whether to invest accordingly armed with your projection of what to expect from that stock in terms of appreciation so you can set your stop loss accordingly.

This just goes to show you the kinds of appreciations which you can experience when you are able to differentiate between proper candlestick patterns and false patterns. Stock charts analysis software is also very cost-effective. I love TradingView and use it every single day.

I post charts, ideas, and analysis regularly and chat with other traders. However, there are limitations. TradingView has introduced Candlestick Pattern Recognition as a core component of the platform, which means you do not have to pay anything extra for a plugin; it is simply there.

In the image below, you can see that pattern recognition is intelligently implemented. The Bearish Engulfing BE patterns are highlighted in Red, with an arrow pointing downward, suggesting that this candle is a bearish sign. You can also observe that the Doji D patterns are grey and pointing upwards, indicating a possible price direction change. Finally, I like the fact you can hover your mouse over the pattern, and you get a full and detailed explanation of the pattern and what it means.

How to Enable Candlestick Recognition in Tradingview. This means you do not need to download any software for the PC or Mac. You can quickly start TradingView in a browser by clicking this link. Launch TradingView Charts. TradingView hit the mark on real-time scanning and filtering and fundamental watchlists also. Any idea you have based on fundamentals will be covered. As soon as you connect to TradingView, you realize this is also developed for the community.

You can look at community ideas, post your charts and ideas, and join limitless numbers of groups covering everything from Bonds to Cryptocurrencies. Add that to the social network, and you have a great solution. The news service is only second to MetaStock with their Reuters Feeds. Technical Analysis. With the Premium membership, you also get Level II insight, fully integrated. TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service.

Also, there are a vast number of indicators and systems from the community for free. The only thing you cannot do is forecast and implement Robotic Trading Automation. For forecasting, you are better off with MetaStock. Within 5 minutes, I used TradingView, no credit card, no installation, and no configuring data feeds; it was literally just there. TradingView works with a single click. This combination means a systematic trading strategy for buying and selling candlestick patterns.

MetaStock is one of the biggest fish in the sea of stock market analysis software. Backed up by the mighty Thomson Reuters, you can expect excellent fast global data coverage and broad market coverage, including equities, futures, forex, ETFs, and options.