FAQs

A.

CandleScanner™ is a technical analysis software which is designed for investors interested in candle patterns. What makes this application exceptional is that, from the outset, it has been specifically designed for the detection of candle patterns (although soon there will be possibility to create any custom pattern by a user). It is not just yet another add-on to some existing platform, but a full-blown application written by people having extensive knowledge of the topic of candlestick patterns. In other words, it is highly specialized and focused software. It is suitable for both seasoned traders and complete beginners.

More info about CandleScanner:

• CandleScanner -- overview
• Strategy Designer & Backtester
• Statistics Module
• Speedy & Reliable Scanning
• User Guides

A.

There are 3 editions: Basic, Standard, and Professional.

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End-of-day traders access their data for the day after the markets have closed. Every single candlestick (bar) represents one day. CandleScanner Basic and CandleScanner Standard is designed for traders using daily charts (or higher, e.g. weekly).

Traders using intraday quotes (e.g. 1 minute, 15 minutes, hourly) make decisions about when to buy or sell during the trading day. CandleScanner Professional allows to display such charts. However, it is your responsibility to obtain the data you wish to use in practice (CandleScanner can detect changes in your data without the necessity of reimporting).

A.

For the full list of supported patterns (with detailed descriptions), please check here: Patterns supported by CandleScanner.

Soon (summer 2018) we will release a new version of CandleScanner where you can define your own pattern.

A.

Now CandleScanner gives a free access to market data. For more please see the following short 1 minute video

FREE end-of-day data is available for almost any market in the world: stocks, ETFs, indices, mutual funds, futures, commodities, forex or cryptocurrencies.

Here's the data coverage: Argentina, Australia, Brazil, Canada, China, Hong Kong, Indonesia, Israel, Europe, India, Malaysia, Mexico, New Zealand, Russia, South Africa, South Korea, Saudi Arabia, Taiwan, Thailand, Turkey, USA, Singapore.

Please follow this link to see available data providers: Data Providers

A.

No, this is not possible. We plan however such feature around summer 2018.
Algorithms recognizing predefined list of patterns can be however customized to some extent.
For the full list of supported patterns (with detailed descriptions), please check here: Patterns supported by CandleScanner.

A.

CandleQuote is a tool allowing you to download free end-of-day (EOD) data using YAHOO! Finance. Downloaded data is written in the form of a text file (ASCII file in CSV format). This data is compatible with any trading tool supporting EOD ASCII files. You can use it as a data source for CandleScanner. For more information, please refer to the User’s Guide and here.

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Yes, you can. There are two modules in CandleScanner to help you with that: Statistics Module and Backtesting Module.

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In order to successfully run and use the CandleScanner application you need to have a computer with Windows operating system (XP, Vista, 7, 8, 8.1, 10).

MacOS is not officially supported.

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CandleScanner 4 trial has a time limitation set to 14 days. Within this period, the application is fully operational. After the 14 days period, the application will not function.

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The quality is wholly dependent on what YAHOO! Finance offers. It may happen that data is not complete or contains errors. In such cases, we cannot take any responsibility because it is beyond our influence.

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CandleScanner 4 trial is available only in Professional edition.

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Officially CandleScanner is not supported when installed onto a Mac computer.