Pattern recognition software excel

How to Enable Candlestick Recognition in Tradingview. This means you do not need to download any software for the PC or Mac. You can quickly start TradingView in a browser by clicking this link. Launch TradingView Charts. TradingView hit the mark on real-time scanning and filtering and fundamental watchlists also. Any idea you have based on fundamentals will be covered. As soon as you connect to TradingView, you realize this is also developed for the community.

You can look at community ideas, post your charts and ideas, and join limitless numbers of groups covering everything from Bonds to Cryptocurrencies. Add that to the social network, and you have a great solution. The news service is only second to MetaStock with their Reuters Feeds. Technical Analysis. With the Premium membership, you also get Level II insight, fully integrated.

TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service.

Also, there are a vast number of indicators and systems from the community for free. The only thing you cannot do is forecast and implement Robotic Trading Automation. For forecasting, you are better off with MetaStock. Within 5 minutes, I used TradingView, no credit card, no installation, and no configuring data feeds; it was literally just there.

TradingView works with a single click. This combination means a systematic trading strategy for buying and selling candlestick patterns. MetaStock is one of the biggest fish in the sea of stock market analysis software. Backed up by the mighty Thomson Reuters, you can expect excellent fast global data coverage and broad market coverage, including equities, futures, forex, ETFs, and options. Metastock is different from other vendors because their software runs locally on your PC, and you can buy one-off licenses and avoid monthly payments.

They also operate a marketplace where professional traders sell their stock trading systems and signals as add-ons to MetaStock. Greg Morris is seen as one of the global authorities on Japanese Candlestick trading and published on the topic. With full candlestick backtesting, analysis, and signals, you get a very sophisticated trading system with this add-on.

The add-in forecasts the next move in stock price and the probability of the Candlestick signal being successful. The probability rating of the Candlestick recognition success is critical, and no other software offers this level of a professional trading system.

You get forecasting of the direction of the next move in stock price and also the probability of the Candlestick signal being successful.

Using Refinitiv Xenith, you can see an in-depth analysis of company fundamentals from debt structure to top 10 investors, including level II. Excellent watch lists featuring fundamentals and powerful scanning of the markets get a perfect MetaStock has full Xenith integration with institutional level news, analysis, and outlook.

This is the fastest global news service available on the market, including translations into all major languages. Another area where MetaStock excels is what they call expert advisors. MetaStock harnesses many inbuilt systems that will help you understand and profit from technical analysis patterns and well-researched systems as a beginner or intermediate trader.

This is a key area of advantage. The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd. Each software has unique benefits. Finally, MetaStock offers a powerful Candlestick trading system for professional traders with buy signals and win probabilities. Go Pro Now. Sometimes we can perform this entire process manually.

However, with the volumes and variety of today's data and the multiplicity of legal requirements to be complied with, a manual approach often is not enough. When that happens, we can turn to technology for help with data mining. Maybe not the same technology that got us into this mess, but technology nonetheless. One particularly powerful form of technology we can turn to is pattern recognition software.

This software typically is used in two main ways. Pattern recognition algorithms are pointed at datasets with the goal of using classifiers to identify meaningful patterns in that data, and it is used to categorize the content in real-time. It might be used to find documents with similar content, such as email messages discussing a particular issue. It might be deployed to find examples where someone's behavior deviated from the norm.

For example, someone who almost always communicated with co-workers primarily through business channels such as corporate email addresses and only during standard business hours, then abruptly began exchanging SMS messages with a small cadre of officemates during evenings and weekends.

It could be used to find patterns suggesting inappropriate sexual comments or offensive language. Pattern recognition software is a form of artificial intelligence AI software. AI comes in various flavors, including machine learning. Machine learning, in turn, comes in different subsets including supervised learning and unsupervised learning. Both supervised and unsupervised learning have subcategories.

One subcategory, which falls under both these forms of machine learning, is pattern recognition. Pattern recognition techniques are not new. In a book review published in IEEE Transactions on Neural Networks , reviewer Ke Chen described pattern recognition as "a process of description, grouping, and classification of patterns. I then might ask the supervised learning tool to look for and return more documents like those. When used in unsupervised learning, Chen noted, pattern recognition "groups input patterns into a number of clusters defined as classes hereafter.

For automatic pattern recognition, the primary task consists of feature extraction and classification. There are many types of pattern recognition software. Some of those used when handling investigations and lawsuits include anomaly analytics, clustering, entity extraction, and sentiment analysis, all discussed below.

Anomaly analytics: Search for anomalies and attempt to place them in context. An anomaly is something unusual in a document or message. It could be some behavior that deviates from a person's typical day-to-day activity.

One example of an anomaly is a situation where Dave starts exchanging large numbers of email and chat messages with Bev between 10 pm and and midnight where previously almost all of their messages had been sent between 9 am and 5 pm.

Another example is where Dave and Bev suddenly start using personal email addresses instead of work ones to communicate with each other, or begin exchanging chat messages where they never had done so before.

Clustering: A type of data analytics that inspects textual documents and groups conceptually similar documents. One-thousand percent is the max for this control.

Enter the number of price bars time max, that it will take the stock to make its move. One year has price bars, which is the maximum allowed in this control. Check whether you're looking for a gain using the close-to-close prices or low-to-high. Using the close-to-close setting is more conservative and realistic than low-to-high. If you want to use specific dates in the file say you want to exclude the to bear market , then select this option and adjust the From and To dates.

After you've played with the controls, click Start. Patternz will search the file for the specified gain in the allotted time and will report its findings in the grid 1.

The greed shaded cells in the grid show the outliers, periods with unusually high numbers of hits. The rest of the year except for February, which had 2 hits was 0. So the 17 number is unusually high for that year. To the right of 1 are the stock symbols I used. The last line in the grid, I count the number of outliers.

At 2, the program reports it found two outliers and another in July. Compared to the other months, that was an outlier result -- unusually high total. The outliers are the 'tails', the values at the extremes of the bell. Full candlestick support appears starting in version 5.

The above form shows the number of candlestick patterns supported as of version 7. On the Chart Form , hovering over a price bar will cause Patternz to run candlestick recognition. The results of what it finds appears on the form. The List Form will report candlesticks found on the specified date range, too, in list format.

Both of those forms depend on this form to identify which candlesticks you wish to search for. The Reversal button checks the ten candlestick patterns that indicate a reversal most often. A reversal occurs when price breaks out on the same side as it entered the candle. For example, a reversal occurs when price enters a candle pattern from the bottom and breaks out downward that's a reversal from trending up to down.

A high reversal rate says nothing about the strength of the trend which follows. The Continuations button checks the ten candlestick patterns in which the outbound trend direction matches the price trend preceding the candle most often. For example, if price rises into a candle pattern and breaks out upward, then the candle acts as a continuation of the upward price trend. A candle with a high continuation rate says nothing about how long the post-breakout trend will last. The Best Performing button shows the top ten candle patterns that performed best over time the largest gain or loss after the breakout.

Be aware that just because a candle shows a reversal or continuation most often doesn't mean a tradeable trend results. Reversal or continuation reflect a change or not of the inbound price trend versus the breakout direction. Choose the breakout direction you're interested in up or down then choose one of the Reversals, Continuations, or Best Performing buttons. Clicking one of those will check ten candles. If you click more than one of those three buttons, additional candles will be checked some may be duplicated without the prior selections being removed.

For example, if a northern doji is the best reversal and the southern doji is the best continuation, clicking Reversals will check the northern doji and clicking Continuations will check the southern doji, so BOTH candles will be checked. If you wish to see only one set of top 10 candles, then click the Clear button first before clicking Reversals, Continuations, or Best Performing.

Pictured above is a reduced snapshot of the Chart Form as of version 7. Patternz charts your stock data and searches for chart patterns and candlesticks. From the main menu, highlight the files you wish to include in the indicator analysis.

The index file you choose later see 2 below will be excluded from the analysis automatically. Often you can just click the Select All button on the main form to highlight all files. This is where the program draws the index candlestick chart and chart pattern indicator the long, vertical, red bearish signal and green bullish signal bars plus the wavy blue line, which is the indicator.

When analysis is complete, a Results box appears showing the last 7 days of data. The Fib Finder Form is new to version 6. It allows you to search files for Fibonacci retraces and extensions. Access this form after selecting files you wish to search on the Main Form. That will ungray the menu item and clicking on the item will take you to this form.

NOTE: For most users, this form is no longer needed. I show it here only for advanced users, ones not using the Update Form to update their quote files. This form allows you to tell Patternz which quote items appear first, second, and so on, in your data files. The form provides a small chart 1 to see if your configuration is charting properly, a list of files to chart 2 , sample file contents 3 , a grid of file information 4 , and an area to configure your data files 5, 6.

Each file MUST have the same format. So if you change to a different quote provider and they have a different format, then replace all of your quote files.

Patternz understands the differences in Patternz's quote providers, so there's no need to remove existing quote files if you change to another Patternz listed provider see the Update Form for more information. To use this form, setup the column order by checking the appropriate check box in 5 and assigning the column number matching the order shown in 3. Adjust the date format 6 to match that shown in 3. When you're finished, click Graph and the results will appear in 1 and 4.

For example, the first line of 3 shows that the date comes first, so the Column Order's Date text box 5 has a 1 in it. The next column in 3 shows the opening price. In 5, check the Open check box and enter a 2 in the Open text box. Similarly, continue assigning a column to each of the items in 5 matching those in 3. If 3 has a column not matching a control in 5, then be sure to adjust the column number appropriately often by skipping a number.

All other check boxes should be unchecked and the associated text boxes should have a 0 column number 0 means unused. This shows the Fix Split Form. The form is easy enough to use, just follow the instructions listed on the form. This is the Forecast Form, new to version 7. I was interested in buying WDAY and ran the program to see what it forecast as the next trend. Patternz correctly predicted the uptrend would continue, which it did the target is off the chart, at the top.

You and you alone are responsible for your investment or trading decisions. Past performance is no guarantee of future results. You'll quickly get the hang of this form. The tricky part is to watch which pattern's date your clicking start or end? If you click on a row in the grid, the form will show that stock. However, if you click Start again, it'll use the new stock as the benchmark and find patterns similar to the new stock. You'll figure it out and probably be pissed when you discover that instead of seeing patterns based on WDAY in my example , you'll be searching for a pattern in some other stock instead.

You'll have to follow the above steps to fix this. To avoid this, click Reset before you click Start. This box appears after a run completes and if you click the Results button After that, price may reverse and drop to the reversal targets shown in 4. After clicking Preview 10 , this is the pattern you're looking for, highlighted in thick red. These are the forecast targets for the stock, as described in 1 above.

The top is Reversal Target 1 and the bottom is Reversal Target 2. The Continuation Target doesn't appear because it's off the scale. This is the grid where the results appear. If you click on a row, it'll chart the stock and show the pattern.

Thus, you can flip from chart to chart, looking at similar patterns and how price behaved after the pattern ended. Results won't be exact, but the pattern's signatures will be similar. Find Pattern blue label. Right mouse click a price bar on the chart to automatically fill in either a starting or ending date, depending on which radio button is clicked, or you can type in the date. The radio button will toggle back and forth after each bar click.

Thus, with the Start radio button checked, you can click on a price bar for the start and click again for the end price bar without changing the radio button. If you're confused, right click several times on one price bar and you'll see the radio button change. The program works best on the daily scale but you can select other scales as well. If you have intraday files, then ignore these controls.

The program offers three types of rules to find similar patterns: Strict, Normal, and Loose. Strict will look for nearly exact matches and loose will allow quantity over quality.

Play with the three and see what results you get. Use this button to find a stock symbol or you can type one into the associated symbol text box. The symbol must be in the same folder as the ones your searching. Click on grid row s and click Clipboard to copy the Results 1 on the chart and the grid results for pasting into another program like Excel or Notepad. Draws the chart pattern in bold red found between the Start and End dates.

If none shown, select different 'Find Pattern' 6 dates. When you click Start, Patternz captures the stock symbol and some of the settings. Clicking Reset will restore the settings. This is useful if you click a grid row to chart one or more of the found stocks. Begin a run. Note that the saved Reset button information is reset when you click Start see Reset if you're confused.

For the best results, try finding patterns using the pattern's start and end dates with 3 segments for Strict, for Normal, and for Loose rules. What's a segment? The chart of WDAY at 3 shows a pattern with 4 segments, or straight lines in bold red. The second segment from the pattern's start may be hard to see, but it's there.

That's why using the Preview button is handy. It'll show you what it believes is the pattern and you can refine it by adjusting the start date. Note: The pattern's start or end date may be different than what you select. That's because the program ignores small up and down moves. Does the forecast work? Not always, of course.

At least you'll be able to find similar patterns to see how price behaved after the pattern ended in the past. Maybe it'll help improve your success. From the main menu, select the stock symbols you wish to search and then click the List button. The List Form appears. After you click the Start button, the program will load each file and search for chart patterns and candlesticks.

If it finds any, they will appear in the list, similar to that shown. The Graph button will chart the selected highlight the ones you wish to review in the list box list box entries. You can sort the list by clicking the list box header labels Stocks, Last Close, Pattern Description and so on. The picture shows the News Form new to version 7.

Use this form to get news on stocks. You'll need a Tiingo token and a paid subscription to their service as I write this, anyway to use this form. The controls are either self-explanatory or the help text on the left side of the form will provide assistance. Enter your Tiingo token in 4. Type in the stock symbol if more than one symbol, separate them by spaces at 5, and press Start.

The program will use the Internet to check if there is news on your stock files. Number 2 shows options to control what you receive from Tiingo.

For example, say you want to read three news items. You can better target the news items by using the date controls. Item 3 allows you to remove items from the news feed. For example, I chose not to include the source of the article, so I left that control unchecked. Be aware that using this form will affect your Tiingo subscription.

In other words, if your plan allows 1 gb of data per month, you might well exceed that if you check news often, especially on multiple symbols.

Pictured above is the Patterns form, as of version 7. Patterns shown grayed here have not been implemented and may never be implemented. This form allows you to select the chart patterns you wish to view. Checking the associated chart pattern means Patternz will search for that pattern in your data files. The controls are self-explanatory, but you can hover your mouse over the buttons for specific help. Also note that some of the patterns have a button associated with them question mark button for gaps, fakey, and three-bar, or the Wolfe wave button.