Chart Pattern Recognition Software Metastock Formula And Cycles
J.Murphy Chart Pattern Recognition For MetaStock and MetaStock Pro 7.0 (and higher) User's Manual Version 1.0 Contents Getting Started 1 A Note from John Murphy 1 About John Murphy 3 About MurphyMorris.Com 3 What is a Chart Pattern 9 4 Do Chart Patterns Really Work 9 4 Human Subjectivity vs.
MetaStock Real Time, and MetaStock Daily Charts. Software Only - One time purchase. John Murphy's Chart Pattern Recognition. John Murphy - Chart Pattern Recognition for Metastock - Download as PDF File (.pdf), Text File (.txt) or read online.
What is Ramp? Video of a Running Ramp Support Line Scan Ramp is a world class chart pattern recognition screener for all world stock markets and Forex currency exchange markets. Ramp will screen for prices on trendlines, breakouts, MACD divergences, Fibonacci retracements, W bottoms, head and shoulders, cup and handles and many other great trading setups. Ramp is a trendline scanner.
Scan for any combination of price interacting with trendlines. See trendline touches, breakouts and much more.
Ramp is an automatic trendline generator. Ramp includes charts that show you the closest support and resistance lines on any symbol. At the right is a video of an actual automatic trendlines scan. You can easily see that using this one feature alone will find you great trades.
Ramp is a huge time saver. You could spends hundreds of hours hunting for stock charts that meet your criteria, Ramp will literally cut your search time from hours to seconds.
Video of a running Ramp Auto Trend Line Scan Video of a running Ramp Fibonacci Retracement Scan. Ramp is a Fibonacci Retracement Screener. Ramp does all the work. The chart patterns are found and the lines are drawn for you. All you do is tell Ramp what list of symbols to scan and what Fibonacci levels to find. Ramp is the worlds best MACD Divergence Scanner. There are a total of 10 MACD Divergence scans in the Ramp Chart Pattern Recognition Program.
There are countless systems for trading available. Most do not work. The good ones all have one thing in common. That is, that they rely on accurate support and resistance levels to get you in and out of trades.
Ramp can Scan for these Chart Patterns Support Line Touch Support Line Break Resistance Line Touch Resistance Line Break Linear Regression Channels 5 Year Highs Any Percent Pull Back and Recovery Ichimoku Cloud Scanner Head and Shoulders Cup and Handles Confirmed W Bottoms Confirmed M Tops. Ramp Bronze Level is a free trial. Ramp will run 10 times in free trial mode. This is a Real Time and EOD trial period. Ramp Gold Level is for both end of day and real time capability. All levels run exactly the same Ramp Program.
As a Gold Member, you can access the real time features of the Ramp Program. See the table below at he left for the pricing options. RT-Alerts Real Time Intra Day Chart Pattern Alert Service RT-Alerts is Ramp's sister program over at www.RT-Alerts.com. We publish real time pattern alerts 24 hours a day. The best part of RT-Alerts is that we do the scans for you so you don't need real time data.
RT-Alerts is included in a Ramp Gold Membership.
I've just received the Metastock Add-in by John Murphy of TA of Futures Markets Fame. There are two explorations which identify head and shoulders tops/bottoms, double/triple tops/bottoms and ascending/descending/symmetrical triangles. The small booklet that accompanies the software is refreshingly honest about how difficult it is to define and identify patterns and there are three tables of results for 3 selected years (with varying market conditions) that give an average hit rate of around 50%. This can be improved by the user by judicious selection of patterns. For current market there is one signal. SMWH - double top breakout My first thoughts on the software are positive.
Darth, I too have used John Murphy's CPR in the past. On the odd occasions that it does identify chart patterns, they are certainly definitive patterns. One small qualm I have though is that I do truly believe that it is near impossible to mathematically quantify all permutations of a group of chart patterns. With all the variations in time horizon, depth and width, I prefer to keep the process of identifying chart patterns manual. I do like to automate my filtering for breakout patterns (or other dpending on current market charachter). From that point, after having a short-list of possible candidates, I will visually assess the chart pattern situation (as the chart pattern will generally dictate my entry and exit strategies).
Irrespective, it's always good to have another tool in your arsenal, and like they say, if it leads to just one good trade, then it's paid itself off! Regards, Austrader.