Candlestick patterns trading made easy!
Having a strategy is a must!
1
Design your strategy based on over 100 built-in patterns
Quickly scan candlestick charts to find all occurrences of candle patterns. There are over 100 built-in candlestick patterns at your fingertip.
2
Backtest your idea
Measure the profitability of every pattern on the chart. Trying to identify patterns manually or visually can be problematic. It can also be dangerous, as there may be a tendency to see patterns where there are none in random data.
3
Access data from over 70 exchanges around the world
You have access to historical and current data from over 70 exchanges worldwide and many asset classes: stocks, indices, bonds, currencies, cryptocurrencies, or commodities.
4
Trade following a plan rather than emotions
Use an evidence-based decision-making process to avoid behavioral biases and errors. Same data, same decisions.
Why?
Candle patterns are very interesting for traders due to their simplicity, elegance, and natural interpretation of market sentiment. No matter how markets evolve, "patterns" will appear on the charts. Essentially, the core premise, and assumption, underlying the application of technical analysis is that such patterns are repetitive and detectable. Technical analysis is widely employed in various financial markets, informing traders about the non-fundamental determinants of price, in other words, "market sentiment."
Why?
Candle patterns are very interesting for traders due to their simplicity, elegance, and natural interpretation of market sentiment. No matter how markets evolve, "patterns" will appear on the charts. Essentially, the core premise, and assumption, underlying the application of technical analysis is that such patterns are repetitive and detectable. Technical analysis is widely employed in various financial markets, informing traders about the non-fundamental determinants of price, in other words, "market sentiment."
You Might Be Wondering...
Which candlestick patterns are supported?
For the complete list of supported patterns (with detailed descriptions), please check here.
What are the technical requirements?
You need a computer running on Windows 7/8/10 (64-bit) + Internet connection.
Is it for me?
CandleScanner software is an excellent tool for all those who don’t want to follow markets based on emotions but prefer to follow an evidence-based approach.
Do I have to buy market data separately?
No. The application gives access to end-of-day data from virtually all over the world for the stock market, indices, commodities, currencies, cryptocurrencies, and ETFs.
Why may CandleScanner help you?
Trying to identify patterns manually or visually by merely scanning the charts can be problematic. It can also be dangerous, as there may be a tendency to see patterns where there are none in random data.
Human beings don't look at data neutrally. When the human eye scans a chart, it doesn't give all the data points equal weight. Instead, there is a tendency to focus on certain "outstanding" cases and form opinions based on these exceptional cases.
Is intraday data supported (e.g. 1-hour bars)?
CandleScanner includes only end-of-day data. Moreover, I believe that for most of us it's better to spend less time in the market. Hence daily charts are sufficient.
You may, however, import intraday data into CandleScanner from external files and analyze it.
Ready to Get Started?
CandleScanner™ is a technical analysis software package created for investors interested in Japanese candle patterns. What makes this application exceptional is that, from the outset, it has been specifically designed for the detection of Japanese candle patterns. It is not just an add-on to an existing analysis platform, but a specialist charting application. It is suitable for both seasoned traders and complete beginners.
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