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Yes, I want it to read as well and not predict. You mean it was too difficult to create it or maybe too easy? I'm curious to know more about it.

Let me point out that I just want a tool that scans multiple charts and tells me if there are any emerging patterns or any patterns that completed the formation. I don't want to predict something that no one else knew about :).

Ha, thanks for the response :). I'm actually using Python for this one (though I'm a C++ programmer at heart). The reason I choose Python is because it has all the goods of an easy to use language and a very powerful set of libraries. For drawing the charts I'm using matplotlib (here is an...

Yup, you are right. I'm aiming to build one pattern recognition classs every week and in about 4 months I will have enough stuff to integrate into with a nicer GUI and all. So far it has been alright. Let's see if it turns to be anything useful.

I'm new here and don't hang around a lot, but I wonder how someone with as few posts as you knows so much about Jack Hershey? I'm confused with some of the posts going around here :confused:. Can anyone give me some background here?

Thanks for the post. I see the point you are trying to make from both of your posts. I actually used stricter huristics to find the lines. It would have found most of the lines you showed if I had eased down the heuristics. . It's nice to see people commenting, so keep them coming. I'm...

Perfect. Thank you so much for clearing it up. Thanks to everybody who responded. I appreciate the help here.

I was talking about the daily charts. So I connect the days lows rather than the closing points for joining higher-low? Can I say whether it's a white or black candle is irrelevant and I just need to join using the days low?

Thank you folks. So I would go by candle sticks as well. I got some more questions now. Does the definition of higher-highs or higher-lows change in case of candle sticks? For example, higher-lows still remain lows which are greater than the previous lows? Joining such points to form trend...

Hello everyone, Should I be looking at candle sticks or line graphs while searching for patterns on a chart? Or I should look at both and see if a pattern can be found. Some sites use line graphs but others seem to be using candle sticks. What is better or is it a matter of personal taste...

I understand that the question I asked was vague and not an easy one to answer. I think it's best for me to stick on to advice on stockcharts.com and build on that as I learn more. Do you guys have any recommendations for books/websites that I should be looking at? I know it must be a FAQ for...

Some fantastic reponses here. Thanks to everyone who has chipped in. The reason I want to do this is two fold: 1) I want to learn how to analyze charts and I think it will be most useful if I can tie it into my other passion, which is writing software. 2) This is a cool project and being a...

Hello, thanks for the reply and useful link. If TA-lib can do pattern detection then it can be really useful for me. For now I'm following the tutorials on stockcharts.com and building their advice into my heuristics. Seems like you worked on something similar in the past? May I know how...

Hi all, I'm working on a hobby software project to detect the trends and patterns inside a chart. This will keep me busy over the weekends and also educate me in technical analysis. And I had one question in this regard. Currently I spot up or downtrend inside a chart by looking at the highs...