It was in the early 1900s that financial experts devised the method of graphically expressing the stock market performance. Stock market pattern recognition software visually presents the buying and selling process in the market. It includes the consolidation of the demand and supply elements in the market as well. Technical analysis of this chart allows traders to predict future stock market behaviors.
Pattern recognition software is indeed a valuable and fruitful innovation for traders. With its immense benefits, it is ideally suited for both new traders and experienced brokers. Many different types and versions of stock market pattern recognition software are available in the market. Here are some of the top used software for stock market pattern recognition.
One the best pattern recognition software in the industry is Candlestick. It has many competitive features and innovations for stock market traders. It is up to date, reliable and most importantly used by hundreds of thousands of users around the clock across the globe. This software helps the traders enhance their work efficiency and effectiveness through the fast and accurate generation of stock market patterns.
2. Patternz by Bulkowski
With 30 years of stock market and finance experience, Bulkowski has developed ultimate chart software. He is not only a trader but a chart analyst too. Patternz can be downloaded and is easily configurable with different versions of windows. It can detect market trends through an indicator easily.
It is another freeware software available for stock market pattern analysis. It is inspired from many famous traders. Unclestock is an expert in giving a fundamental analysis of company’s business situation.
It helps in detecting money flow in the market. This tool can assist in breaking down the money flow on a monthly basis for in-depth analysis.
Benefits of stock market pattern recognition software
The software of this kind can be very beneficial for your trading activities. These computer programs will provide you with all the in-depth information and analysis that is needed to understand the market trends. It reduces the time and efforts that are otherwise needed to carry out hours of information gathering and analysis to create various charts. With different types of alerts and signals, the software will inform you whenever some favorable pattern will appear in the given stock market. You do not have to be a financial expert to understand a stock market chart pattern especially when the software itself will do all your work.