User Manual
Contents
1. 240 Pattern Ci 3 Drive Pattern End Ci 12 29 00 00 N V I Quality dj KKKEKERENN Initial Trend 7 I Uniformity 7 PENEI Clarity GD MMN ka 1 1 2882 Target 1 388 0 500 e www autochartist com Ter am 1 1 2897 2 10 12 00 4 11 20 00 10 1112 00 16 11 08 00 20 11 04 00 26 11 00 00 0 818 In emerging Fibonacci Patterns the price level of the final turning point of the pattern has not been reached yet This is because it is only a theoretical possibility when the pattern is recognised If the price graph does not make a turning point at the same price as the theoretical turning point the Fibonacci Pattern will no longer be valid Support For further support or information please visit www autochartist com2. below for a fuller explanation of the difference between completed and emerging patterns Pattern Display D The price graph and illustrated pattern displayed in this pane represent the result that was selected in one of the Results Panes Bor C The columns to the right of the price graph contain additional information about the pattern such as time found pattern quality pattern length and forecast region For more information see Pattern Results Alerts Pane E This pane provides a listing of new patterns as they are identified It spans all your defined searches including those that are not currently in view When new patterns are found the light bulb icon lights up and a list of searches containing the new pattern results are displayed underneath When you click on an alert you are redirected to the relevant search results Alerts are cleared from this pane periodically as automatic updates occur The alerts mechanism also provides an audio signal that can be activated to keep you updated even when the Autochartist application window is not visible To switch the audio alert on and off click on the speaker icon i next to the light bulb Creating and Editing a Search A search is a set of criteria defined by you which is used to scan the market for patterns Each new search is created specifically either for Chart Patterns or for Fibonacci Patterns To create a new search click on the New Search button
3. m what types of patterns to look for m other criteria that can further filter results All searches are listed in the Search Pane However the information shown in the Results Panes only pertains to the highlighted search An existing search can be edited by clicking on the pencil icon or deleted by clicking on the dustbin icon T Please refer to the Creating and Editing a Search section below for details on creating or editing a search Results Pane Completed Patterns B This pane lists all completed patterns identified for the selected search highlighted in the Search Pane A A Chart Pattern is defined as being completed when the price has broken through the identified support or resistance level A Fibonacci Pattern has completed when its final turning point adheres to the predefined criteria for that pattern Results are ordered chronologically by default but you can also sort results by clicking on any of the column headers Results Pane Emerging Patterns C This pane lists all emerging patterns identified for the selected search highlighted in the Search Pane A A pattern is defined as emerging if it has not yet fulfilled the criteria to be regarded as complete These patterns provide a useful early indication of potential trading opportunities Results are ordered chronologically by default but you can also sort results by clicking on any of the column headers See Emerging vs Complete results
4. I Channel Down 11 27 14 00 KNEKT Channel Down 11 27 13 30 LILIITT Channel Down 11 27 13 00 IEEERERN Channel Down 11 27 13 00 ALLL Flag 11 27 13 00 LELLI Falling Wedge 11 27 13 00 LLLI 11 27 13 00 KKKKKENENT 2 aa 77 an nn Head and Shoulders 11 27 08 00 EEREEREEE Channel Up 11 27 08 00 EERERRERE Channel Up 11 27 08 00 LEIEEREE Triangle 11 27 08 00 LEREEREE Channel Up 11 27 08 00 TEREEREE Triangle 11 27 08 00 LILIITITT Head and Shoulders 11 28 15 00 LEITETE Triangle 11 27 07 30 LILIIIET Channel Down 11 27 07 30 LILIIITT Channel Down 11 27 13 30 EEREEEEE Triangle 11 27 08 00 EEEEEEEE Falling Wedge 11 27 07 30 DERERERN Triangle 11 27 08 00 LILEIEIT Triangle 11 27 07 30 LILIITET Head and Shoulders 11 26 14 30 LLLIITIT Falling Wedge 11 27 08 00 LILIIIET 0 Teinnnim 44 77 N7 9n A D D DDOD ODODO OOOD ODO 5833338583358385 ss EES gt 5 f j 3 i s2egpeseeseayezere A Search Pane B Results Pane Completed Patterns C Results Pane Emerging Patterns D Pattern Display E Alerts Pane Search Pane A The search pane contains a default search This is based on the instruments which you are able to access when you log in to Autochartist for the first time A search contains a set of criteria defined by you and it specifies m where to look for patterns by choosing from a predefined list of groupings symbols are grouped for example by exchange or instrument type
5. al C Continuation C Reversal Depending on the type of market stage trending or sideways you may be more interested in either continuation or reversal patterns Here you can filter these according to your preference by clicking on the applicable radio button Minimum Pattern Length Pattern length specifies the number of candles bars of the price chart that are contained in the pattern For example a pattern of length 30 found on 60 minute data would mean that the pattern was formed over 30 hours Longer patterns tend to be of better quality so you can choose to filter out short patterns by setting the minimum pattern length using the slider Minumum Pattern Length Quality Indicators Four objective indicators measure Chart Pattern quality and three measure Fibonacci Pattern quality Quality indicators reflect the visual appeal of the pattern A high quality pattern will naturally appear more attractive The Overall Quality measure indicates average quality across all indicators Quality is expressed as a number ranging from 0 to 10 where 10 is the best quality and 0 is the poorest Use the sliders to set the required levels of pattern quality for your search It is important to remember that the settings in this section determine the minimum requirements for quality A lower threshold would allow more patterns to pass the search criteria If the requirements are set too high your search may return very few results or no
6. attern Direction forecast direction of price movement after pattern completion Quality Indicators see the Quality Indicators section above Forecast From To maximum and minimum price levels in the forecast range of a completed pattern Emerging vs Complete Results Emerging patterns provide you with early notification of potential trading opportunities They represent partially complete pattern formations that once completed would adhere to the underlying theory Most emerging patterns do not complete however which means that the price moved in such a way that the graph no longer represents a valid pattern Emerging Chart Patterns are detected when the price is trading between support and resistance levels but has not yet broken out in the direction anticipated by the pattern Exchange 7 FOREX Symbol 7 EUR GBP Interval Ci 15 Pattern i Channel Up I6 130660579 Pattern End DL 11 30 12 15 Length D 20 Direction nitial Trend DD IL Uniformity 7 BERNER N n 9094 Clarity G LITT I IT Breakout G I Volume i I WAN alto ch arte oe Prediction 2 3077 From 30 11 06 15 30 11 07 30 30 11 08 45 30 11 10 00 30 1111 15 30 11 12 30 Prediction 0 0099 To Ci Emerging vs Complete Results continued If a new turning point forms between the support and resistance levels before breaking out the emerging pattern will no longer be valid Symbol 1 DKK SEK ID 1098182 Interval 1
7. he margin of error the higher the price symmetry Pattern Types There are 16 types of Chart Patterns or four types of Fibonacci Patterns that can be included in a search Each pattern type is listed in this section together with a checkbox that can be ticked to include it as part of the search In addition you can click on an information icon that details the characteristics of the pattern when it forms and what it suggests Chart Patterns Ascending Triangle Va D WM Channel Down Channel Up Io Falling Wedge Rising Wedge JI G W Rectangle Head and Inverse Head and Vv iw Shoulders Shoulders Triple Top ASA G M Triple Bottom Fibonacci Patterns E E 3 Point Retracement AN D M 3 Point Extension V D WM G o 3 B 2 p ABCD N M 3 Drive N DW A Pattern Results The Pattern Display refer to Pattern Display D in The Autochartist Interface section above contains detailed information on specific characteristics of the pattern There are helpful descriptions available by clicking on the i icon next to each item Symbol the name of the instrument on which the pattern was found Interval time interval of the data on which the pattern was found Pattern descriptive name of the type of pattern identified Pattern End date and time when the pattern was identified or when it reached its completion Length the number of candles bars of the price chart that are contained in the p
8. ian Surochartist com 7 User Manual Index Introduction Accessing Autochartist The Autochartist Interface Search Pane The Autochartist Interface continued Results Pane Completed Patterns Results Pane Emerging Patterns Pattern Display Alerts Pane Creating and Editing a Search Search Name Group Group continued Direction Trend Change Minimum Pattern Length Quality Indicators Chart Pattern Quality Indicators Fibonacci Quality Indicators Pattern Types Pattern Types continued Chart Patterns Fibonacci Patterns Pattern Results Emerging vs Complete Results Emerging vs Complete Results continued Support Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Introduction Autochartist is a chart pattern identification tool that scans various markets and instrument types for known chart pattern formations such as triangles wedges head and shoulders and channels Fibonacci retracements extensions ABCD Gartley and butterfly patterns are also identified by Autochartist throughout the trading day Patterns are distributed to you in real time via a web interface This manual gives an overview of how to use the web interface Accessing Autochartist To access Autochartist click on the Tools button on the top right of the dealing platform and select the Autochartist service from the menu You will be automatically logged into the Aut
9. in the Search Pane see above under the relevant pattern heading A separate window will pop up in which to define your search Your search is created by selecting from an existing list of criteria The layout of the search window is an accordion panel in which details of sub sections are hidden from view until the section is selected Each section is described below New Chart Pattern Search Search Name New search Gr Amsterdam Exchange All Intraday Trend Change Minumum Pattern Length Quality Indicators Create Search Cancel Search Name The first section of the search window has no hidden details It provides a text field for you to enter a name for the search It should be given a meaningful name just as you would give a descriptive file name to an important document when saving it The name of the search will be displayed under the relevant pattern heading in the Search Pane A Group This is a fundamental decision to make when creating a new search is where to scan for patterns You may have a preference for certain instruments that guide your trading actions and after naming the search the you will need to choose which instrument group will be its focus Group continued Australian Stock Exchange Daily Barcelona Stock Exchange All Intraday Barcelona Stock Exchange Daily Brussels Stock Exchange All Intraday Brussels Stock Exchange Daily Budapest Ertekto
10. ne at all By default all quality requirements are set to zero Chart Pattern Quality Indicators Minimum Clarity Minimum Volume Increase Not appliccable for Forex gt Ps malaib Clarity indicates of the level of noise in the price graph If there are lots of spikes in the price movements the clarity would be low Initial Trend the strength of the trend that precedes a pattern is a very good measure of the visual quality ofthe pattern A long consistent initial trend will have a higher rating for this indicator Uniformity ifthe points touching the support and resistance lines are more evenly spaced over time the pattern will have a better uniformity rating Breakout Strength the momentum with which the price breaks through support or resistance indicates breach of a previous psychological level Stronger breakout is a reinforcement of the underlying theory and signals a better chance of reaching the forecast region Fibonacci Quality Indicators Quality Indicators Minimum Clarity Clarity indicates the level of noise in the price graph If there are lots of spikes in the price movements the clarity would be low Time Symmetry the degree to which time differences between turning points follow the same Fibonacci ratios found in price levels Price Symmetry the degree to which the identified ratios match the theoretical Fibonacci ratios within some margin of error The smaller t
11. ochartist web interface which will open in a separate window The Autochartist Interface When you access Autochartist for the first time the application will display information that has been loaded by default The layout of the web interface consists of five separate areas Chart Pattern Results for JSE erik autochartist com Logout Z Chart Patterns Exchange JSE Pattern Alerts 332 3944 Symbol J AGLIJ 1300366 FX Majors 327 9944 ee None all Channel Pattern A Pattern End j 11 27 13 30 317 9944 Length G 31 Direction DR Quality m FX Majors if p 307 9944 Initial Trend G LEITET FXEOD FS Uniformity j ma 302 5944 Clarity Q Une New Search em 997 9944 Breskout KKKKENENEN Volume I Prediction a 25 11 11 00 26 11 07 00 26 11 11 00 27 11 07 30 27 11 11 30 ee Q 319 7827 Prediction 328 1444 To 322 9944 Fibonacci Patterns 312 9944 Completed Patterns Emerging Patterns Symbol Interval Pattern Pattern End Length Quality Pattern Pattern End Length Quslity SOLJ J 240 F Flag 11 27 08 00 27 LLELLLEEEE Channel Down 11 27 14 30 ALLIT AGLJ J Channel Down 11 27 13 30 31 ELELE Channel Down 11 27 14 30 TELL Channel Down 11 27 14 30 ERKKI Channel Up 11 27 14 30 LITET Channel Down 27 14 30 BININ Channel Down 11 14 30 LLLI Channel Down 11 14 30 IEREEREE Falling Wedge 27 14 00 IIERERERE Falling Wedge 11 27 14 00 IIERERERE Falling Wedge 11 27 14 00 LLLI Channel Up 11 27 14 00 LELL
12. zsde All Intraday Budapest Ertektozsde Daily commodity CFOs 2 40imin Commodity CFDs 30min Commodity CFDs 20min Gro Commodity CFDs All Intraday omimodity CFDs End Of Day Copenhagen Stock Exchange All Intraday Copenhagen Stock Exchange Daily Equity CFDs 240min Equity CFDs 20min Equity CFDs 80 min Equity CFDs All Intraday Equity CFDs End Of Day Jm The following groups are included and contain the same symbols as in the dealing platform m Forex m Stock indices m Metals m Shares by region For any search you should choose a group from the drop down list To select your preference click on the group name Direction Search results can be filtered according to the direction of the expected outcome of price movement after the pattern is identified Every pattern has either a bullish or bearish outlook If you are interested only in a particular market direction you can select it here by clicking the applicable radio button Direction t Bull Bear Bull amp Bear Trend Change The expected price movement after a Chart Pattern was found would either be in the same direction as the initial trend or in the opposite direction If the expected price movement after the pattern follows the same direction as the initial trend it is aknown as a continuation pattern If it goes in the opposite direction to the initial trend it is called a reversal O Continuation amp Revers
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