If you are thinking of trading stocks in the Japanese market, then it is recommended that you become familiar with the concept of candlestick patterns and charting. Allegedly developed to better track the prices of rice, the candlestick pattern refers to the graphic representation of the movement of prices that can be used to predict trends.
The scanning capability is one of the trump cards of the application, especially since it can be done automatically using your own data. The program can support over 100 patterns that are displayed in appealing graphics. In case you are unfamiliar with the meaning of any embedded patterns, the app comes with extensive guides to explain them.
The tool provides you with necessary functions to highlight and synchronize patterns of interest on graphs. Additionally, the app performs statistical analysis to determine the efficiency of patterns by date. You can also backtest ideas and replicate transactions using historical data.
CandleScanner is designed to help you get a general idea of how to invest your money for a satisfactory return on investment.
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