CHART ANALYSIS TRADING PACKAGE

The PatternExplorer is a set of trading indicators which are listed on this page. Most parameters and signals are self-explaining which makes it very easy to use and customize.
Most tools share common functionalities like multiple averages, color definitions, price styles, alerts and more.

HIGHLY CUSTOMIZABLE SOFTWARE
ADD-ON FOR AMIBROKER

Default styles like colors, widths, filter conditions and user defined signals can be added to all tools.
Price Chart

PRICE CHART

  • Price chart with more functionality than the default AmiBroker price chart
  • Four moving average lines can quickly be displayed and additional averages can be added
  • Multiple types of moving averages available:
    Gma, Sma, Ema, Wma, Dema, Tema. Wilders, LinearReg, TSF, Kama
  • Multiple bands and channels: Bollinger, Keltner, Headley Acceleration, Price Channel
  • Price styles: line, bar, candlestick, staircase, point & figure, Heikin Ashi and area
  • Bar color can be controlled by either Close or indicator progress
  • Colored ribbons on chart bottom for additional trading information
  • Everything can be turned on with a simple mouse button click

CHART PATTERN RECOGNITION

  • Detects and draws the following chart patterns:
    • Ascending, descending, symmetrical and expanding triangles.
    • Uptrend and downtrend channels
    • Rising and falling wedges
    • Rectangles
  • Draws parallel lines without a second peak or trough
  • Different signals for potential entries:
    • Breakout, confirmed support, confirmed resistance, price just above support, price just below resistance
  • Calculates all lines on logarithmic scale
  • Trend lines can either be calculated on the closing price or the high and low price
  • Audio and email alerts

TRAILING FLIP - SUPERTREND

  • Based on trailing stops the trailing flip indicator simply flips from long to short whenever the trailing level is broken
  • Can be used as the base for further trading strategies
  • Compared to the well-known SuperTrend indicator this indicator allows to define the amount not only through volatility but also through any other amount, e.g. percentage of price.
  • Trigger levels can be calculated from any price level.
  • Audio and email alerts

TRAILING STOP

  • An easy to use trailing stop. The trailing amount can be defined in percentage values, ATR or any other user-defined value
  • Trailing levels are displayed for visual indication
  • Audio and email alerts

123 PATTERN - DOUBLE TOPS & BOTTOMS

  • Detects and indicates the 123 pattern formation and the well-known double tops & bottoms
  • Audio and email alerts

FIBONACCI RECOGNITION

  • Displays the well known Fibonacci retracement and extension lines
  • Every level can be modified through the parameter window
  • Add retracement or extension lines as desired
  • Allows to find all markets with a 50% correction or whatever value you desire
  • Gann levels may also be viewed simply by changing the parameters

SUPPORT & RESISTANCE

  • Draws 12 support & resistance lines based on peaks and troughs
    • If the close is above support the line color will remain green. When the close goes below the recent support the line will automatically change to red indicating resistance.
    • Support and resistance lines that are far away from current price may be hidden if desired
    • All support & resistance lines are customizable as to colors & styles

RAINBOW CHART

  • Displays multiple moving averages
  • 10 different moving average types
  • Signals may be used at the points where all averages cross over each other
  • Audio and email alerts

GUPPY AVERAGES

  • The indicator captures the inferred behaviour of traders and investors by using two groups of averages. Uses factual repetition to identify points of agreement and disagreement which precede significant trend changes
  • Basic signals at the points where all averages cross over each other included
  • Audio and email alerts

CANDLESTICK PATTERN RECOGNITION

  • Detects & displays 17 different candlestick patterns
  • Draws arrows for all buy & sell patterns without running a scan
  • Draws support & resistance lines based on the last recent pattern
  • Bullish patterns: Hammer, Inverted Hammer, Engulfing, Harami, Harami Cross, Doji Star, Piercing Line, Morning Star, Morning Doji Star
  • Bearish patterns: Shooting Star, Hanging Man, Engulfing, Harami, Harami Cross, Doji Star, Dark Cloud Cover, Evening Star, Evening Doji Star
  • Allows to select only certain patterns

PIVOT POINTS

  • Displays pivot points as areas and lines
  • Three different types: Regular, Woodies, Woodies Fibonacci
  • 15min, hourly, 4hour, daily and weekly pivot points
  • Pivot point information can be displayed either horizontally or vertically

TAIO INDICATOR

  • Displays overbought/oversold conditions, trading ranges and trends
  • The basic method for using this indicator is:
    • Oversold: -80 to – 100
    • Overbought: 80 to 100
    • Uptrend: > 50
    • Trading range: +50 to -50
    • Downtrend: < -50
  • Multiple time frame support available for the time frame of your choice. This makes it possible to trade in the direction of the overall trend by viewing the short term and long term indicator at the same time
  • Six different signals
  • Audio and email alerts

TAIO PRICE CHART

  • Price chart with bar color based on the Taio indicator
  • The same price chart can also be activated on all other PatternExplorer price charts
  • Shows the trends easily by color changes

PRICE CHART TS

  • Displays shapes at different definable signals based on the Taio indicator
  • Audio and email alerts

FRACTALS

  • Displays tops & valleys on the chart
  • Shapes can be changed to squares or other shapes through the parameter window
  • The smaller shapes are generated 2 bars after a top or bottom is detected.
  • Fractals can be used to display potential support and resistance levels
  • Scanning for entries at support and breakouts
  • The shapes can be used for moving a trailing stop along previous support and resistance
  • Useful to view and count waves
  • The swing chart with the large shapes uses percentage change calculation to detect potential tops and valleys. There is a delay before these shapes are displayed, therefore backtests are not possible and only current (last recent bar) signals can be used for trading.
  • Trend lines can either be based on the closing price or high and low price.
  • Audio and email alerts

PERFORMANCE CHART

  • Shows the relative performance of four instruments and the selected market over the visible charting area
  • The performance indicator always starts with 0% on the left side, even when the chart is zoomed or scrolled
  • Detects possible winners and losers of the next rally at a very early stage
  • Differences between indices and selected markets can be viewed quickly

ALERT TOOLS

  • Easy to use: Simply draw a line, mark it as SU for support or RE for resistance to activate the alerts
  • Three different alerts based on price, indicator or custom rules
  • Exact alert levels displayed in the title area
  • Maximum alert range adjustable in percent or points and visible through lines
  • Audio and email alerts
  • Different alert conditions possible:
    • Define a range through the parameter window and get alerts when the close price is inside the range
    • Get alerts when the close price breaks the support level
    • Get alerts when the close price breaks the resistance level
    • Define the range to zero to get alerts only when support or resistance is broken
    • The range can be centered at the alert level but can also be defined to be only higher/lower as the alert level
    • 55 different sounds

FOREX SPREAD ANALYSIS

  • Can be used to select volatile and inexpensive pairs to keep trading cost low.
  • Predefined spreads from FXCM. Spreads can easily be adjusted to the spreads of your broker

SECTOR INDUSTRY TREND

  • Builds an indicator based on multiple markets
  • Displays the percentage ratio of bullish and bearish markets for each sector and industry
  • Indicates the sector and industry trend hence increases your chances of a successful trade
  • The red line represents the percentage of bears in the industry, the green line the percentage of bulls in the industry and the blue line the percentage of bulls in the sector
  • The indicator is rather not recommended for realtime analysis because it requires scanning the entire database or watchlist. The file “composite update” must be run to update the composite indicators

SECTOR INDUSTRY RELATIVE STRENGTH

  • Displays the relative strength of each sector and industry
  • Enables you to know the trend of the sector and industry hence increases your chances of a successful trade
  • This indicator is rather not recommended for realtime analysis because it requires scanning your entire database or watchlist. The file “composite update” must be run to update the composite indicators

ICHIMOKU CHART

  • Displays the Ichimoku chart
  • Buy and sell signals based on an Ichimoku strategy
  • Audio and email alerts

MACD – MODIFIED

  • Our modified MACD indicator is very similar to the original one, however it is smoother but not slower and has less noise than the original MACD.
  • Audio and email alerts

SCHAFF TREND CYCLE

  • This indicator can be used to spot the trend
  • A second time frame indicator allows using signals in the direction of the long term trend

VOLATILITY EXPLORATION

  • Find markets with your choice of volatility and with similar percentage changes over different time frames.
  • This approach allows experienced traders to trade volatile markets and yet still allows inexperienced traders to select less volatile instruments

CONFIGURATION & EXTENSION

  • Programmers can extend and modify the PatternExplorer to their needs through code. This is optionally but gives a lot of additional powerful possibilities. It’s done through the files PE – Defaults & PE – Mods which are automatically processed in every indicator.

Here are just a few examples:

  • Set default colors & styles for many indicators
  • Set alert sounds, default alert text and email alert text
  • Set filter & buy, sell, short, cover rules. The default conditions can be replaced completely or just modified. Interested only in stocks with Volume > 1 Million? Just use def_Filter = Volume > 1000000; This simple condition assures that all tools use this filter
  • Set filter & buy, sell, short, cover rules only for certain tools. This is almost as easy as the upper modification as every tool has a unique name.
  • Overlay indicators to all or only certain tools
  • Add additional columns or remove existing columns

Anniversary

We are now 15 years in business. Thank you to all customers! We will continue to keep the good work to offer the best service possible.

Copyright © 2005 - 2020 - PatternExplorer.com - All rights reserved.
CFTC RULE 4.41

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All information on this website are for educational purposes only and are not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold PatternExplorer.com and any authorized distributors of this information harmless in any and all ways.