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 A no non-sense chart pattern detection, screener for swing traders! By Joe Qi

 A no non-sense chart pattern detection, screener for swing traders! By Joe Qi. Brief History. I used classical chart patterns for trading, but could not find stocks based on chart patterns I desired. 2007: Created the first N-top / N-bottom and H&S pattern detection.

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 A no non-sense chart pattern detection, screener for swing traders! By Joe Qi

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  1.  A no non-sense chart pattern detection, screener for swing traders! By Joe Qi

  2. Brief History • I used classical chart patterns for trading, but could not find stocks based on chart patterns I desired. • 2007: Created the first N-top / N-bottom and H&S pattern detection. • 2008: Initial launch of the website, with trendlines and detection added • 2010: TA indicator based screeners and statistics screeners added. • 2011: Flat channel breakouts, rounding bottom patterns added. • 2012: Real time web charts with trendline. Mobile applications launched (Trendline Charts) • 2014: Desktop Java application replaces web-based chart. Mobile Android app redesigned to be more interactive and all TA indicators supported (Interactive Stock Charts). A major facelift. • 2014 (October): Trend Reversal & Exhaustion indicator added and screeners supported. • 2015: TR Intraday trading method developed. Continued improvements and iOS support?...

  3. What is it NOT! • Screenulator is not a penny stock pick site! • Screenulator is not just another stockcharts! • Screenulator is not a speculator forum

  4. What it IS • A suite of tools to help you TA analysis and make more accurate predictions on future stock prices • Chart pattern screeners • Custom screeners • Interactive Stock Charts (computer + mobile) • TR Indicator & Intraday trading candidates. • Supports over 17000 stocks in 12+ world markets

  5. Interactive Stock Charts

  6. Interactive Stock Charts • Interactive vs Static: You can scroll, zoom, pan and show info on mouse over / touch • Automated trendlines + Chart pattern screeners. Desktop version supports custom screeners • 15+ TA indicators and 5+ chart types • Supports both mobile and desktop (OSX and Windows, Java) • http://www.screenulator.com/apps.html

  7. Classical Chart Patterns • Chart patterns are highly sought after and reliable way to analyze stock charts • Examples of support patterns: Double top / bottom, H&S, Wedge, Channels, Resistance breakouts, Near support, Flat channels, Rounding bottom, Trendlines. • Recognizing these patterns is an art rather than science. Computers hasn’t been able to do it as well as humans.

  8. Head&Shoulder (CRME 2015-3-25) Rounding bottom (PAM 2015-2-11) Trendline Channel (BLKB 2014-10-2) Flat channel breakout (ESPR 2014-9-30)

  9. Common Trading Pitfalls • Wrong Approach (most people do this): Select stocks based on a news story, and try to analyze its charts with patterns / technical indicators etc. • Signals may never come or disagrees with fundamentals. This leads to missed opportunities, or buying too early, or lack of confidence and confusion. • Right approach: Select stocks based on chart patterns and technical signals, then see if the stories fit.

  10. Chart Pattern Screeners • Select stocks based on technical indicators + chart patterns (then perhaps fundamentals – optional?) • You can trade these stocks right away instead of having to wait for weeks / months • Screenulator screens all the chart patterns and common TA indicators over 17,000 stocks daily!

  11. Example1: Chart of OVTI (Omnivision Technologies) – supplier to Apple, shows a blue support line with pivots labeled A - E. After pivots A, B, C are detected, the support line is established. When price reapproaches point D and E, "near support level" criteria is triggered and alerts traders to buy.

  12. Example 3: One year chart of GLOG (GasLog - ships LNG on vessels) shows a steady uptrending line pivots marked A - D. At point D (December 2014), it showed "near support level" screener. Buy around $14, and in a couple of months, the stock moves up to $20

  13. Example 3: ESPR Esperion Therapeutics develops cholesterol drugs, showed high volume breakout on September 24th, just prior to the annoucement of Phase 2 clinical trials. There is evidence of price movement before the news even comes out. Stock rockets from teens to $40+ in the following three months.

  14. Gold ETF 5 year chart shows an example of support trendline break-down. On May 3rd, 2012, support line is first breached at $159, also coincides with psychological $160. Subsequent retest on the same support line bounces off confirms the long term downtrend of Gold prices. The next chart shows continued dropping of Gold.

  15. Custom Screener • Customize your own screeners by combining chart patterns and TA indicators and price metrics. • http://www.screenulator.com/cgi-bin/browse_index for full list of supported screeners and chart patterns • Use ISC app for quicker and easier access to custom screeners!

  16. TR Intraday Trading • New Addition to Screenulator. • Trend Reversal Indicator is based on 9, 13 count TD Sequential • Proprietary indicator only available to institutional and high net-worth traders. • High accuracy: 90% win rate on 5 min. charts • http://www.screenulator.com/td_intraday_picks.php

  17. More to come… • Candlestick patterns • Options / commodity charts • More world markets support • More TA indicators support • If you have any suggestions / questions contact Joe at yue.j.qi@gmail.com

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