Symbol statistics

Symbol statistics calculates, as the name implies, statistics related only to a specific symbol. This type of statistics should be used to have detailed information on the level of the given symbol. It is very important to know that the same pattern can behave totally different for different symbols/markets.

To open symbol statistics click HOME » Symbol Statistics from the New Window buttons group on the ribbon bar.

Symbol Statistics window is composed of tabs. Every tab presents statistics from a different perspective.

Symbol statistics is composed of five tabs:

  • Patterns Occurrences
  • Patterns Efficiency (Chart)
  • Patterns Occurrences by Date
  • Basic Candles Occurrences
  • Report
Patterns Occurrences

In this tab you can see how many patterns' occurrences were detected by the application for a given symbol. On the left, there is a pie chart where every piece is reserved for a different pattern. When you click directly on the chart, an appropriate row from the list on the right will be selected. When any item from that list is clicked, then the appropriate pie chart piece will be enlarged.

Please note that the occurrences can be filtered in many ways. For example, you may be interested to see only statistics for bullish patterns. To do so click on the funnel symbol in the Forecast column and set a required value.

Patterns Efficiency (Chart)

This tab presents efficiency of all patterns that were found for a specific symbol. For example, if the given symbol has 25 occurrences of Bullish Engulfing pattern, all of them are grouped, and efficiency statistics is calculated for them.

Efficiency can be seen using number or percentage values. To switch between these two options use the Unit drop-down list. It may be very important especially when overall occurrences number for a given pattern is fairly low.

Additionally you may compare statistics measured for two different period length, that is 5 or 10 candles. To switch between these two options use the Testing period drop-down list.

Please note that the efficiency statistics can be filtered in many ways. For example, you may be interested to see only statistics for bullish patterns. To do so click on the funnel symbol in the Forecast column and set a required value.

Patterns Occurrences by Date

In this tab, we can see all patterns occurrences for a given symbol, each displayed in a separate row. We can see for example how every single pattern occurrence performed. Two previous tabs (Patterns Occurrences and Patterns Efficiency (Chart)) are calculated based on this data.

Please note that the table can be filtered in many ways. For example, you may be interested to see only bullish patterns. To do so click on the funnel symbol in the Forecast column and set a required value.

Basic Candles Occurrences

In this tab you can see how many particular basic candles were detected by the application for a particular symbol. The tab uses the same approach as the Patterns Occurrences tab.

Report

Report tab is summarizing statistics for a given symbol.

Comments are closed.