Platform Features
The Forex market is the largest financial market globally, boasting a daily trading volume exceeding $7.5 trillion. In Forex trading, currencies are paired together, allowing traders to predict which currency will appreciate or depreciate in value.
Chart Pattern Scanner
Pattern recognition is very important when it comes to technical analysis in trading. Price charts display a multitude of data that can be difficult to interpret on your own without pattern recognition software, meaning that you may miss entry or exit points in a trade, or ignore the potential opportunity completely.
How the Scanner Helps
This is where our chart pattern scanner on the EqualMarkets trading platform is useful.
Understanding Price Action
An important part of technical analysis is to understand the price action of an asset in a rising or falling trend, as price movements usually signal a new trend.
Trading Decisions with Patterns
Based on these trading signals, traders can then decide whether to enter, exit or avoid a trade, depending on how promising the trade looks. Trading patterns can also help with where to place stop-loss orders and set profit targets.
Trade Smarter with Advanced Platform Features
Powerful Web & Mobile Platform
Secure Trading Technology
Innovative Trading Tools
Superior Trade Execution
Multiple Pattern Tools
Breakout Patterns, Emerging Patterns & Pattern Performance to track signals generated by Pattern Scanner.
What is Pattern Recognition Software?
Pattern recognition software is designed to identify significant trading patterns, popular within financial markets.
It uses artificial intelligence and algorithms to recognise candlestick patterns within price movements.
What is Pattern Recognition Software?
Pattern recognition software is designed to identify significant trading patterns, popular within financial markets.
It uses artificial intelligence and algorithms to recognise candlestick patterns within price movements.
Designed to enhance trading accuracy, it helps traders eliminate misdiagnoses of candlestick patterns, especially in volatile markets like forex and shares. Stay ahead of sudden price movements with our reliable chart pattern scanner, ensuring you make informed trading decisions.
Different Pattern Types Available on EqualTrader Platform
- Wedge, channel or triangle pattern scanner
- Head and shoulders pattern scanner
- Double bottom or top pattern scanner
- Harmonic patterns scanner
- Cup and handle pattern scanner
- Cup and handle pattern scanner
- Stock pattern scanner
Embrace the Power of AI
Trading patterns are most commonly displayed on candlestick charts, although we offer a variety of chart types, such as line graphs, bar graphs and Renko charts. This allows you to display your data in the clearest way possible that makes it easier for you to understand.
Open a trading account to make the most of our free candlestick pattern scanner.
