Chartist Indicator Ninja-Addons 5.40.2 (Total size: 4.0 MB Contains: 1 folder 11 files)

The Chartist Indicator detects automatically classical chartist patterns from your chart, in real time.

Automate your Charting Analysis

This indicator simplifies the detection of classical chartist patterns, by analyzing multiple variations of a zigzag on multiple time frames.

No more searching for the best anchor points to draw the figures. No more hesitation between one pivot point and another. No need either to know by heart all the different kind of patterns. This indicator does it automatically for you whatever the time frame or the instrument you choose.

The pattern is drawn on the chart, as soon as the pattern is considered valid by the indicator. It doesn’t mean that it will work, but you can use it as an edge in your trading and have a bullish or bearish bias for the next movement to come. On the very small figures, it often happens that the trend is already gone, but it doesn’t change the validity of the figure and you can try to take the pullback, if any, to enter in the trend.

Here is a list of recognized patterns by the Chartist Indicator

✅Double and Triple Top/Bottom : Double and triple top/bottom patterns are generally used to get a thorough idea on how the current stock trend may shift over a particular course of time. The top formations occur in the uptrend whereas their counterparts take place in case of downtrend.
✅Cup with Handle : The cup-and-handle pattern is preceded by an upward move, which pauses and sells off. The sell-off is the initial part of this pattern. After the sell-off, the security typically trades flat for a long period of time without any clear trend. The next part of the pattern comprises a rise towards the peak of the preceding upward move. The final part of the pattern, the handle, is a comparatively smaller downward move before the security continues the previous trend of moving higher.
✅Head and Shoulders : The head-and-shoulders pattern refers to a specific chart formation which predicts a bullish-to-bearish trend reversal. It is held to be one of the most dependable trend reversal patterns. Notably, it is one of the top patterns that indicates that an upward trend is nearing its end.
✅Ascending/Descending Triangle : This triangle shows a strong level of horizontal support or resistance, which, when broken, announces the continuation of the initial trend. As for the other figures, it is better to wait for a pullback to enter.
✅Symmetric Triangle : This triangle is formed by weakening pulse and corrections marking a sharp indecision regarding the release of the movement. Although this figure is difficult to trade, it can show good trade opportunities.
✅Rectangle : This figure detects periods of range. According to the chartist theory, this figure should be broken in the same direction as the original trend. However, a false breakout in the opposite direction, which makes even better opportunity to trade, is often observed.
✅Flag : A Flag is a correction in an initial trend. When the flag is broken in the same direction as the initial movement, it often gives rise to a strong continuation. This is probably the most consistent pattern, even if the entry point is difficult to catch.

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Chartist Indicator 5.40.2 (Total size: 4.0 MB Contains: 1 folder 11 files)

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Market Sales Price: $399,but we sell lot more lower than that to share the opportunity with you!

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• We ensure that the quality of the course is good, and we update them regularly to help you keep update.
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