Pattern Finder Demo
Pattern Finder Demo is the free version of Pattern Finder, a MULTICURRENCY indicator that scans the entire market seeking for candlestick patterns in 15 different pairs/currencies all in one chart!
This demo has all the functionality of the version on payment except the number of patterns at disposal that are lowered to 4 only (from 62).
You can also filter the scanning by following the trend by a function based on exponential moving average.
- Alerts ON/OFF:
- Alert on screen ON/OFF: enables or disable screen alters.
- Notification by email ON/OFF: enable or disable email alerts.
- Push notification ON/OFF: enable or disable push notification on mobile.
- Trend options:
- Trend calculation ON/OFF: verify the actual trend of your currencies and notify a pattern only if it is found in the right trend; for example Evening Star is a pattern that usually indicates an inversion of the trend from bullish to bearish so it will be notified only if the actual trend is bullish; if you put this option OFF you'll recieve a notification in both case.
- Trend period calculation: trend is calculated on exponential moving average, this option is an integer type that will set the number of periods for calculation of the ema.
- Number of bars to confirm the trend: is an integer that indicates the count of the consecutive number of bars that has the same trend before an alert is sent; for example if the trend is bullish and you put this value to 4 there have to be 4 consecutive bars in which the ema value of the actual bar is higher then the previus bar before a notification is sent.
- Patterns options:
- Sensivity: It's an integer number between [-5,5] that define the minumum and maximum lenght of candles characteristic for a pattern to be recognized. For patterns where is important the lenght of the body it define the minimum or maximum body dimension, for pattern where is important the the lenght of the shadows it define the minimum or maximum lenght of the shadows; higher is the number more sensitive is the pattern tracing (smaller body or shadows). Pattern with candles out of the range of sensivity will not be recognized.
- Patterns ON/OFF: Is a list of the available patterns where you choose to enable or disable them from the execution. Patterns are grouped in pairs (bearish/bullish or a pattern and his opposite).
- Currencies selection: here you can type up to 15 different currencies that are in your market, or leave it blank. The indicator will scan the specified currencies.
Here is a list of patterns used in the demo version:
- Hammer/Hanging Man
- Shooting Star/Inverted Hammer
- Doji Gapping Up
- Doji Gapping Down
With Pattern Finder Demo you can test the indicator live and see if it fits your trading method.
We recommend to save your input configuration (by using the save button in your input tab) for later use. Currencies have to be written exactly like in your market so watchout for uppercase/lowercase, spaces or others special characters.