The Fulgent Chart Pattern Engine - A Demonstration
There are many ways to trade the market, but there is one thing on which all technical analysts agree –Chart patterns are the essence of technical analysis and the key to successful trading.
Chart patterns indicate the psychology of any market, but they also determine the behavior of the Market. Patterns can help you find explosive moves every day, and now there is an automated tool that not only finds all major patterns but allows you to scan the entire market for them.
The Fulgent Chart Pattern Engine (CPE) is based on 17 years of pattern research by Nirvana Systems, Inc. Its subsidiary, Fulgent Technologies, LLC has integrated CPE into MetaStock to deliver a truly amazing tool for traders and investors.
Key Features
- Scans and identifies 12 pattern types
- Includes a powerful yet simple Expert Advisor that shows you where the patterns are and provide additional information on trading the patterns
- User-configurable colored highlights over the patterns
- A single-patterns Exploration and 12 separate Explorations so you can scan for all patterns or just your favorite ones.
- User-defined interface to activate specific patterns in the Expert Advisor
Identifies All 12 important Major Patterns
- Trend Line Breaks
- Trend Line Reversals
- Support/Resistance Breaks
- Support/Resistance Reversals
- Consolidations
- Rectangle
- Triangle
- Wedge
- Broadening
- Flag
- Fibonacci Retracements
- Cup and Handle
- Gaps
- Breakaway
- Exhaustion
- Measured
- Saucers & Rounded Tops
- Head and Shoulders
- Tops & Bottoms
- Volume Climax & Trend
Additional Benefits of The Chart Pattern Engine
Easy to Use - Just activate the Expert Advisor, and all patterns will be detected and shown, each with a color code that shows the zone over which the pattern formed.
Finds and Marks EVERY Type of Pattern –From Consolidations to Volume Trend, Chart Pattern Engine is built to find ALL types of patterns in the short, medium and long time frames.
Works in Your Market and Time Frame - The Chart Pattern Engine works on any market data, including stocks, futures, forex, indexes, and ETFs. Because Chart Patterns are “fractal”in nature, they also work in any time frame including weekly, daily and intraday bars.
Lightning Fast Explorations - The Engine is capable of scanning charts at a rate exceeding 50 per second, which means you can scan the S&P 500 in about 10 seconds –or the Russell with 2,000 stocks in under a minute. The report shows you which patterns fired on which stocks for quick review in MetaStock’s charts.
About Ed Downs
Ed Downs, Software Engineer and veteran trader, launched Fulgent Technologies in 2019, using AI technology developed by Nirvana Systems, Inc. from 1996 through 2018. Over the past 22 years, Mr. Downs has led his team to apply AI methods to intelligently identify the many high-probability opportunities that appear every day in freely-traded markets.
Anyone who has traded for an extended period of time knows there is no single indicator or collection of indicators that can provide profitable Trade Ideas in all market conditions. Traders deal with this reality by watching for events to alert them to the fact that the personality of the market is likely to change, so they can adjust accordingly. An intelligent approach is needed that can adapt its Trading Signals as the market changes.
The goal of Fulgent AI is to provide the best possible Trade Ideas for the end-user. Fulgent applies classic AI methods, including Neural Networks, Genetic Algorithms, and Fuzzy Logic to identify key indicators of price movement through the combination of hundreds of market factors, measured over decades of historical data.
Because of its simple yet powerful Expert Advisor, Fulgent AI is great for beginning traders looking for a list of great Trade Ideas each day. But it is also ideal for the more seasoned MetaStock user who wants to take advantage of AI-based Signals in a platform they have learned to trade successfully in. Using Fulgent AI as a signal source can dramatically enhance the effectiveness of indicators the user has come to rely on, including those from other Add-Ons developed for the MetaStock Platform.