I've just received the Metastock Add-in by John Murphy of TA of Futures Markets Fame. There are two explorations which identify head and shoulders tops/bottoms, double/triple tops/bottoms and ascending/descending/symmetrical triangles. The small booklet that accompanies the software is refreshingly honest about how difficult it is to define and identify patterns and there are three tables of results for 3 selected years (with varying market conditions) that give an average hit rate of around 50%. This can be improved by the user by judicious selection of patterns. History Of Circle Kabaddi Game To Play. For current market there is one signal. SMWH - double top breakout My first thoughts on the software are positive.

Darth, I too have used John Murphy's CPR in the past. On the odd occasions that it does identify chart patterns, they are certainly definitive patterns. One small qualm I have though is that I do truly believe that it is near impossible to mathematically quantify all permutations of a group of chart patterns. With all the variations in time horizon, depth and width, I prefer to keep the process of identifying chart patterns manual. I do like to automate my filtering for breakout patterns (or other dpending on current market charachter). From that point, after having a short-list of possible candidates, I will visually assess the chart pattern situation (as the chart pattern will generally dictate my entry and exit strategies).

Irrespective, it's always good to have another tool in your arsenal, and like they say, if it leads to just one good trade, then it's paid itself off! Regards, Austrader.

Scan for chart patterns software. You can see example of pattern recognition for google at http://www.macroaxis.com/invest/Pattern-Recognition/GOOG. John Murphy - Chart Pattern Recognition for Metastock - Download as PDF File (.pdf), Text File (.txt) or read online.

Originally presented on 12/11/14 by Hunter Smith Hidden inside every chart is a story - a story about where the price has been and where it might go in the future. Some stories are obvious. Others are a little more difficult to figure out.

These stories are told with patterns. Chart patterns are simply defined as pictures or formations made by the price movements of the stocks or commodities you're examining.

Numerous studies have repeatedly shown that these patterns have excellent predictive value. Now you can take advantage of the experience and insight of John Murphy, one of the world's foremost financial analysts, to help take the subjective guesswork out of identifying these classic patterns. Hunter Smith from MetaStock will show you how to use the John Murphy Chart Pattern Recognition Add-on for MetaStock to identify reversal and continuation patters such as: Head and Shoulders Triple Tops and Bottoms Double Tops and Bottoms Symmetrical, Ascending, and Descending Triangles About Hunter Smith Hunter Smith works in the MetaStock Sales department and uses his knowledge to help MetaStock customers find the best products to suit them. Hunter has presented at many MetaStock webinars and at TradeShows and loves to share his knowledge on MetaStock Products.