Chart patterns automatic identification

Chart patterns

  • All chart patterns are available in both the NanoTrader Free and the NanoTrader Full trading platform.
  • All chart patterns are free.
  • Some of the chart patterns are also available as screeners, signals or strategies.

Trader patterns

Candlestick patterns

Information


8 Trader patterns


Chartformation Trading Rot Weiss Rot.

Red-White-Red – Philipp Kahler New in the NanoTrader trading platform.

An interesting chart pattern.


Chartformation Trading Rot Weiss Rot.

1-2-3-4 – Jeff Cooper

The 1-2-3-4 chart pattern identifies markets which are breaking out of consolidation.


Chartformation Trading Rot Weiss Rot.

Hammer Blast – Stefan Salomon

This pattern identifies market rebounds.


Chartformation Trading Rot Weiss Rot.

Hikkake – Daniel Chesler

The Hikkake pattern is used to identify possible turning points in the market.


Chartformation Trading Rot Weiss Rot.

One Day Reversal – Jesse Livermore

This pattern was defined by the well-known trader Jesse Livermore, who considers it a strong signal.


Chartformation Trading Rot Weiss Rot.

Gap Reversal – David Pieper

As the name indicates, this chart pattern includes an opening gap.


Chartformation Trading Rot Weiss Rot.

Market Structure Points

Market structure points are important chart patterns, which every trader should be able to identify and keep an eye on.


Chartformation Trading Rot Weiss Rot.

Inside bar break-out

Inside bars indicate a period of consolidation in a market and they often form following a strong move in a market, as it pauses to consolidate before making its next move.


2 Candlestick patterns


Chartformation Trading Rot Weiss Rot.

Bullish Engulfing

A Bullish Engulfing pattern consists of two candlesticks: a bearish candlestick (red) with a small body followed by a bullish candlestick (green) with a larger body. The body of the bullish candlestick engulfs the body of the bearish candlestick.


Chartformation Trading Rot Weiss Rot.

Bearish Engulfing

A Bullish Engulfing pattern consists of two candlesticks: a bearish candlestick (red) with a small body followed by a bullish candlestick (green) with a larger body. The body of the bullish candlestick engulfs the body of the bearish candlestick.

 

Information

What is the difference between a chart pattern, a screener, a trading signal and a trading strategy?

A patterns appears automatically in the chart. You can manually place an order when the pattern occurs. A screener is used to detect a pattern in a selection of markets. A signal can be used to automatically or manually open a position. You can then manage the position by adding stops and targets. Strategies are complete with stops and targets. They can be traded manually, semi-automatically or automatically.

When a chart pattern appears, is it always an opportunity to open a position?

No. Detecting a pattern is the first step, putting the pattern in the right context and trading it is the next step. This is where the NanoTrader excels and makes it easy for you. Examples are given on the web pages which explain the chart patterns.

Where do I find the chart patterns in the NanoTrader?

In the NanoTrader you can find the charts patterns in the WHS Patterns folder:

Chart patterns in the NanoTrader trading platform.