CandleScanner is a software for investors who focus on Japanese candle patterns. It is a technical analysis tool with a unique feature that enables detection of Japanese candle patterns.
CandleScanner is a powerful technical analysis software package designed to help investors interested in Japanese candle patterns. What makes this software exceptional is that it has been expertly crafted for the detection of Japanese candle patterns, from the ground up. It is not simply an add-on to an existing analysis platform, but a specialized charting application authored by people with expert knowledge in the topic of Japanese candlestick patterns. This makes CandleScanner the go-to choice for both seasoned traders and complete beginners.
Japanese candle patterns are well known and frequently used to display price behavior. However, creating precise and accurate conclusions from emerging patterns is often a challenging task, resulting in contradictory interpretations. That is why accurately implementing a candle pattern scanning tool is not an easy job. CandleScanner excels in this area as it is designed to be extremely versatile and can be used by a wide spectrum of traders, involved in stock market trading, commodities markets, futures markets and forex.
Beginners will find CandleScanner a great learning and training tool, allowing them to learn from real-life data-based examples rather than just pure textbook theory. With the application, users can quickly scan candlestick charts to find all occurrences of candle patterns, measure the efficiency of patterns (i.e., whether they work as expected), build and test trading strategies based on candle patterns, simulate transactions (backtesting) and much more.
One of the best qualities of CandleScanner is its high level of configurability, allowing users to adjust it to their specific needs. The algorithms scanning the candlestick charts have many parameters which can be customized, and the visual aspects of the application are also highly customizable, ensuring everyone can find their desired optimal settings. Overall, CandleScanner is a must-have software package for anyone interested in Japanese candle patterns and looking to trade more effectively in the markets.
Japanese candle patterns are well known and frequently used to display price behavior. However, creating precise and accurate conclusions from emerging patterns is often a challenging task, resulting in contradictory interpretations. That is why accurately implementing a candle pattern scanning tool is not an easy job. CandleScanner excels in this area as it is designed to be extremely versatile and can be used by a wide spectrum of traders, involved in stock market trading, commodities markets, futures markets and forex.
Beginners will find CandleScanner a great learning and training tool, allowing them to learn from real-life data-based examples rather than just pure textbook theory. With the application, users can quickly scan candlestick charts to find all occurrences of candle patterns, measure the efficiency of patterns (i.e., whether they work as expected), build and test trading strategies based on candle patterns, simulate transactions (backtesting) and much more.
One of the best qualities of CandleScanner is its high level of configurability, allowing users to adjust it to their specific needs. The algorithms scanning the candlestick charts have many parameters which can be customized, and the visual aspects of the application are also highly customizable, ensuring everyone can find their desired optimal settings. Overall, CandleScanner is a must-have software package for anyone interested in Japanese candle patterns and looking to trade more effectively in the markets.
What's New
Version 4.3.0.5:
introducing a primary trend notion
extending efficiency statistics (primary trend, report)
new market data panel on top of the candlestick chart panel
introducing video available at first start
introducing contex-sensitive online help
overall stabilization and bug fixing