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.
For current market there is one signal.
SMWH - double top breakout
My first thoughts on the software are positive.
This is a discussion on Chart Pattern Recognition Software? Within the Trading Software forums. Data mining and. Metastock Chart Pattern Recognition: darth trader. Download Updates to MetaStock Symbol Utility Files. Keep your MetaStock ® software up-to-date. John Murphy's Chart Pattern Recognition. Jun 28, 2008 Quote from hprop: I'm looking around for Chart Pattern Recognition Software that can be automated to create and export a report (preferably with charts) every day after going over EOD-data.
John Murphy's Chart Pattern Recognition
Note: The following information has not been updated by the vendor since 04/09/18.
| Address: | 11241 Willows Road, Suite 320 |
| Redmond, WA 98052 | |
| Phone # for sales: | 425 881 2606 |
| Additional Phone #: | Please Email Requests |
| Fax: | Please Email Requests |
| Website: | www.stockcharts.com |
| Click link to request additional product information. | |
| E-mail address: | support@stockcharts.com |
CATEGORY: SOFTWARE
Metastock Professional Software
General Information | System Requirements | Market Information | Data |
Data Formats | Charts | Screening and Alerts | Trading Systems |
Options Analysis | Support | Additional Information
General InformationTOP |
| Product name: John Murphy's Chart Pattern Recognition |
| Initial Price: $299.00 |
| Brief product description: This is a plug in to MetaStock Software. CPR automatically scans through your securities looking for specific patterns. Each pattern is computer-verified and supplemented with John Murphy's own expert commentary. (You must have MetaStock version 7 or higher to use this poduct) |
System RequirementsTOP |
Operating system(s):
|
| Minimum RAM required: N/A |
| Minimum hard drive space: N/A |
| Minimum modem speed: N/A |
| Mouse required?: Yes |
| CD-ROM used?: Yes |
| CD-ROM required?: Yes |
| Demo disk available?: No |
Market InformationTOP |
| Markets followed: N/A |
DataTOP |
Data type(s) utilized:
|
Sources for data:
|
| Downloader: N/A |
| Data manager: N/A |
Data FormatsTOP |
Formats read directly:
|
| Additional formats read directly: N/A |
Formats read after conversion to program useable data:
|
| Additional formats read via conversion to program useable data: N/A |
ChartsTOP |
Chart type(s) utilized:
|
| Charting features: N/A |
| Built-in indicators: N/A |
Screening and AlertsTOP |
| Ranking based on: N/A |
Screening based on:
|
Alerts based on:
|
| Alerts displayed on charts?: Yes |
| Alerts displayed in table?: Yes |
| Screening by individual system per market?: Yes |
| Save tables?: Yes |
| Automated printing of tables?: Yes |
Trading SystemsTOP |
| Trading system features: N/A |
Options AnalysisTOP |
| Options analysis features: N/A |
SupportTOP |
Support features:
|
| Manual page length (if applicable): N/A |
Additional InformationTOP |
| Additional comments (please indicate additional indicators, special features and services here): N/A |
Autochartist
General Information | System Requirements | Market Information | Data |
Data Formats | Charts | Screening and Alerts | Trading Systems |
Options Analysis | Support | Additional Information