There are many ways to trade the market, but there is one thing on which all technical analysts agree –Chart patterns are the essence of technical analysis and the key to successful trading.
Chart patterns indicate the psychology of any market, but they also determine the behavior of the Market. Patterns can help you find explosive moves every day, and now there is an automated tool that not only finds all major patterns but allows you to scan the entire market for them.
The Fulgent Chart Pattern Engine (CPE) is based on 17 years of pattern research by Nirvana Systems, Inc. Its subsidiary, Fulgent Technologies, LLC has integrated CPE into MetaStock to deliver a truly amazing tool for traders and investors.
Identifies All 12 important Major Patterns
Additional Benefits of The Chart Pattern Engine
Easy to Use - Just activate the Expert Advisor, and all patterns will be detected and shown, each with a color code that shows the zone over which the pattern formed.
Finds and Marks EVERY Type of Pattern –From Consolidations to Volume Trend, Chart Pattern Engine is built to find ALL types of patterns in the short, medium and long time frames.
Works in Your Market and Time Frame - The Chart Pattern Engine works on any market data, including stocks, futures, forex, indexes, and ETFs. Because Chart Patterns are “fractal”in nature, they also work in any time frame including weekly, daily and intraday bars.
Lightning Fast Explorations - The Engine is capable of scanning charts at a rate exceeding 50 per second, which means you can scan the S&P 500 in about 10 seconds –or the Russell with 2,000 stocks in under a minute. The report shows you which patterns fired on which stocks for quick review in MetaStock’s charts.
Ed Downs, Software Engineer, and veteran trader launched Fulgent Technologies in 2019, using AI technology developed by Nirvana Systems, Inc. from 1996 through 2018. Over the past 22 years, Mr. Downs has led his team to apply AI methods to intelligently identify the many high-probability opportunities that appear every day in freely-traded markets, and especially Chart Patterns.
In 2003, Ed and his team built the first Chart Pattern Recognition software, which has been improved ever since. Currently, in its 6th revision, the Chart Pattern Engine is second to none in terms of its ability to find all the major chart patterns that appear in charts.
The goal of Fulgent AI is to provide the best possible trade Ideas for the end-user. The Chart Pattern Engine for MetaStock brings the power of Chart Pattern Recognition to all MetaStock users.