Advanced trading software: technical analysis and neural networks

Empowering wise traders

Product Information
Trading Systems
Tandem Studies
Neural Nets
Technical Analysis
Elliott Waves
Improvian Language
Anti-Crisis Features
Special Techniques
Market Scanner
Advanced Charting
Market Data
Integrated Trading
Video Tours
Compare Editions
System Requirements

Product / Product Information / Technical Analysis
Technical Analysis
  Single Day Patterns
Technical Indicators
Single Day Patterns
Reversal Patterns
Fibonacci Studies
Gann Tool-Box
Tradecision Single Bar Patterns
Single Bar Patterns

Single-Bar Patterns indicate those changes in a price that occur in a single trading bar if your use a minute time frame. The study identifies the following patterns: Gaps, Spikes, Thrust days, Run days, Wide-Ranging days.

A gap forms when the opening price movements create a blank spot on the chart. This happens when the high of the day is below the low of the previous day, or when the low of the day is above the high of the previous day.
Gaps are especially significant when accompanied by an increase in volume.

Thrust Days
∑ An Upper Thrust day is a day when the market is closed higher than the high of the previous day.
∑ A Lower Thrust day is a day when the close price is lower than the low of the previous day.

Run days

Run days are the days with a pronounced trend. They are identified using the following criteria:
∑ True High of the run day should be higher than the highest true high of the previous N days;
∑ True Low of the run day should be lower than the lowest true low of the following N days;

Wide-Ranging days
To count Wide-Ranging Days, Tradecision uses Jack Swagger's approach. The study is calculated in the following way:

True Range of the current bar is divided into the number of the Average True Range of X (Wide-ranging day length) bars, and if the result is equal to or greater than the Wide-ranging day ratio, the bar is marked as a wide-ranging day.

∑ Wide-ranging day ratio defines the volatility threshold used to identify wide-ranging days.
∑ Wide-ranging day length is the number of the previous bars with regard to the current bar.

A Spike High is a day's maximum, which rises sharp above the maximums of the previous and next days.
A Spike High is identified by the following:
∑ a high rise above the days on either side,
∑ Close near the day's Low, and
∑ a strong preceding rally.

The more extreme any of the above conditions is, the greater is the likelihood of a reversal.

A Spike Low - is a day's minimum, which is much lower than the minimums of the previous and next days.

A Spike Low is identified by the following:
∑ Falls sharply below the days on either side,
∑ Close near the Day's High
∑ must be preceded by a strong decline.

Tradecision Reviews
Video Tours
Ask a question

Site Map   |   Terms of Use   |   Privacy Policy   |   Risk Warning
Forex, equities or futures trading involves substantial risk of loss and is not suitable for all investors.
Copyright © 2001-2017 Alyuda Research, LLC.  All rights reserved