It has these features. The white area 1 lists your stock quote files if any:. Each file contains quote information from ONE stock that the program uses. You must provide the stock symbols Where do I get symbols: explained of your choice. The Browse Portfolio Location button at 2 helps locate data files shown in 1. The selected path appears at 5 unless you select files, in which case, the number selected is shown. The menu bar 3 shows: Exit to quit the program. Analyze for fundamental analysis.
Note: This was removed as of version 7 because yahoo stopped supporting fundamental information. Candles selects candlesticks you wish to find. Fib : Fibonacci finder retraces and extensions. File Format to setup the format of your data files needed only for advanced users.
Manual Score to manually score a chart pattern for performance. News to get news about securities you follow. New to version 7. Rel Strength relative strength helps you select stocks with increasing momentum.
Seasonality guides the user to future stock performance New to version 7. Fix Split : Corrects any bogus splits. Help contains additional information about the program, reviewing the license, main form help, removing the program, and restoring the forms to their original size and location. When checkbox 6 is checked, the portfolio feature 4 appears. This allows you to setup multiple portfolios to contain different stock symbols quote files.
Click the Help button 7 for more information. The buttons near 2 clockwise from left : Browse Portfolio Location find where you put your quote files 1 , Score to automatically score your chart patterns for performance, Indicator runs the chart pattern indicator CPI , Simulator runs a trading simulation, Select All highlights all files listed in 1, Chart the files, List found patterns, and Update stock quote data.
After highlighting stock quote symbols in 1, some of the buttons near 2 will ungray as will menu items 3. This is the Best Trading Time form as of version 7. The form allows you to determine when is the best time to make a trade, based on historical price behavior. In this example, I wanted to find the best month to buy which led to the stock doubling in one year.
Specify how much you want to make, in percent. One-thousand percent is the max for this control. Enter the number of price bars time max, that it will take the stock to make its move. One year has price bars, which is the maximum allowed in this control. Check whether you're looking for a gain using the close-to-close prices or low-to-high. Using the close-to-close setting is more conservative and realistic than low-to-high. If you want to use specific dates in the file say you want to exclude the to bear market , then select this option and adjust the From and To dates.
After you've played with the controls, click Start. Patternz will search the file for the specified gain in the allotted time and will report its findings in the grid 1. The greed shaded cells in the grid show the outliers, periods with unusually high numbers of hits. The rest of the year except for February, which had 2 hits was 0. So the 17 number is unusually high for that year. To the right of 1 are the stock symbols I used. The last line in the grid, I count the number of outliers.
At 2, the program reports it found two outliers and another in July. Compared to the other months, that was an outlier result -- unusually high total. The outliers are the 'tails', the values at the extremes of the bell. Full candlestick support appears starting in version 5. The above form shows the number of candlestick patterns supported as of version 7.
On the Chart Form , hovering over a price bar will cause Patternz to run candlestick recognition. The results of what it finds appears on the form. The List Form will report candlesticks found on the specified date range, too, in list format. Both of those forms depend on this form to identify which candlesticks you wish to search for. The Reversal button checks the ten candlestick patterns that indicate a reversal most often. A reversal occurs when price breaks out on the same side as it entered the candle.
For example, a reversal occurs when price enters a candle pattern from the bottom and breaks out downward that's a reversal from trending up to down. A high reversal rate says nothing about the strength of the trend which follows.
The Continuations button checks the ten candlestick patterns in which the outbound trend direction matches the price trend preceding the candle most often. For example, if price rises into a candle pattern and breaks out upward, then the candle acts as a continuation of the upward price trend.
A candle with a high continuation rate says nothing about how long the post-breakout trend will last. The Best Performing button shows the top ten candle patterns that performed best over time the largest gain or loss after the breakout. Be aware that just because a candle shows a reversal or continuation most often doesn't mean a tradeable trend results.
Reversal or continuation reflect a change or not of the inbound price trend versus the breakout direction. Choose the breakout direction you're interested in up or down then choose one of the Reversals, Continuations, or Best Performing buttons.
Clicking one of those will check ten candles. If you click more than one of those three buttons, additional candles will be checked some may be duplicated without the prior selections being removed. For example, if a northern doji is the best reversal and the southern doji is the best continuation, clicking Reversals will check the northern doji and clicking Continuations will check the southern doji, so BOTH candles will be checked.
If you wish to see only one set of top 10 candles, then click the Clear button first before clicking Reversals, Continuations, or Best Performing. Pictured above is a reduced snapshot of the Chart Form as of version 7. Patternz charts your stock data and searches for chart patterns and candlesticks.
From the main menu, highlight the files you wish to include in the indicator analysis. The index file you choose later see 2 below will be excluded from the analysis automatically. Often you can just click the Select All button on the main form to highlight all files.
This is where the program draws the index candlestick chart and chart pattern indicator the long, vertical, red bearish signal and green bullish signal bars plus the wavy blue line, which is the indicator. When analysis is complete, a Results box appears showing the last 7 days of data. The Fib Finder Form is new to version 6. It allows you to search files for Fibonacci retraces and extensions.
Access this form after selecting files you wish to search on the Main Form. That will ungray the menu item and clicking on the item will take you to this form.
NOTE: For most users, this form is no longer needed. I show it here only for advanced users, ones not using the Update Form to update their quote files. This form allows you to tell Patternz which quote items appear first, second, and so on, in your data files. The form provides a small chart 1 to see if your configuration is charting properly, a list of files to chart 2 , sample file contents 3 , a grid of file information 4 , and an area to configure your data files 5, 6.
Each file MUST have the same format. So if you change to a different quote provider and they have a different format, then replace all of your quote files. Patternz understands the differences in Patternz's quote providers, so there's no need to remove existing quote files if you change to another Patternz listed provider see the Update Form for more information. To use this form, setup the column order by checking the appropriate check box in 5 and assigning the column number matching the order shown in 3.
Adjust the date format 6 to match that shown in 3. When you're finished, click Graph and the results will appear in 1 and 4. For example, the first line of 3 shows that the date comes first, so the Column Order's Date text box 5 has a 1 in it. I will be sure to reply. They want to be paid. Hi, you are correct. I also mentioned it in the article.
Hello Barry, there is a new stock charting launched by ChartNexus. Its now all web-based. Not only they have delayed market data, but they also have fundamental data and user custom alerts available on the platform as well.
In addition to that, the chart layout is very much customizable based on users preference. You left out Morningstar charts. Easily the best I have ever used in terms of simplicity and comparisons. Unfortunately, I believe the classic chart which gave an option for rolling returns, price and growth seems to no longer be supported. Hi Pejman, the clear leader for fundamental analysis is Stock Rover. I manage my portfolio with it and use it for screening.
For international, it is Metastock with Refinitiv or TradingView. The Stock Rover review is here, it is the best by far for fundamental analysis, and quite inexpensive. Save my name, email, and website in this browser for the next time I comment. Introduction to Stock Rover - Part I. Please enter your comment! Please enter your name here.
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