Auto Chart Patterns Indicator Overview:
The Auto Chart Pattern automatically identifies only the most reliable price action patterns that professional traders rely on every day and it projects future price moves so traders can take advantage of the big trade as it is unfolding. By knowing when chart patterns are developing and the market is ripe for a breakout, you can gain confidence and eliminate confusion and ambiguity. The software makes price action pattern trading easy by instantly displaying a trade plan on the chart whenever a pattern is detected.
Purpose:
Traders need the Auto Chart Patterns Indicator because it is too difficult to learn the different patterns and how to trade them. Even an expert on price action patterns would have a difficult time locating trade opportunities on multiple markets because it is simply beyond human capabilities. The software continually processes all the incoming data and will instantly display the pattern with a clear trade plan taking the guesswork out of profiting from price action pattern trading.
Elements:
- ABC, ABCD, Wedge, Ascending/Descending Triangle, Symmetric Triangle, Expanding Triangle, Rectangle
- Differentiate between Small, Medium, and Large Patterns to fit any trading style
- Customizable Swing Strength
- Early warning when a potential pattern has not yet been confirmed
- Bar Close and Intrabar entry options
- Customizable Trade Plans (Entry, Stop, 2 Targets)
- Optional Pattern-Defined Trade Plan
- Flexible Filters for customizing the chart environment
Functions:
The Auto Chart Patterns software is best used by selecting the pattern types and pattern size that best fits your trading style and allowing the software to do all the heavy lifting in terms of pattern recognition and signal generation so that all you have to do is wait for a trade plan to appear and decide to take the trade if it fits your other criteria. The software can be applied to as many different instruments as you desire so there is no limit to the opportunities possible.
Problem Solved by Auto Chart Patterns Indicator:
- Stops traders from missing out on Price Action Pattern Opportunities because it is too difficult to learn
- Stops traders from second guessing the trade direction of the pattern signal
- Stops traders from second guessing entry locations
- Stops traders from second guessing stop placement
- Stops traders from second guessing target placement
- Stops traders from getting in too late because there is not enough time to plan the trade
