Candlestick Recognition Software

[CodeX]

Has anyone used one, arethey any good for your trade setups?
Which one do you recommend?

 

[kmgilroy89]

I've used Patternz, but it doesn't work with intra-day setups. It doesn't work on Windows 7 so you need Virtual PC to run it in XP. I think it's pretty good and it's free.

 

[CodeX]

Thanks kmgilroy89

Anyone else uses a pattern recoginition tool?
Looking for something good intraday.

Also would like to hear opinions on prowess of such tools.

 

[thunderbolttr]

Maybe take a look at StockVision.

 

[Sergio77]

Intraday patterns are random.

 

[thunderbolttr]

Quote from Sergio77:

Intraday patterns are random.

No they aren't. They largely depend on what kind of algorithms are active.

 

[daniel33]

Quote from Sergio77:

Intraday patterns are random.

Absolutely not, but your eyesight might be

 

[bwolinsky]

Quote from CodeX:

Has anyone used one, arethey any good for your trade setups?
Which one do you recommend?

Candlestick recog is curve fitting.

Use non-extremum formulas and this is something that cannot be done with software such as this.

 

[ronblack]

Quote from bwolinsky:

Candlestick recog is curve fitting.

So what's wrong with that?