Chart Pattern Recognition
Recently while doing some research I decided to test drive IBFX.com's implementation of the MetaTrader4 trading platform. I was quite impressed by some of the custom indicators and expert advisors that IBFX includes with their package especially their Candlestick Pattern recognition indicator and the Chart Pattern recognition software.
The Chart Pattern recognition is provided by the Autochartist service which also offers Fibonacci Pattern recognition for not only Forex instruments but Stocks and Indices too.Â
Forex Trend AnalysisProbably the most important element of Forex trading is the ability to detect the beginning and ending of the current trend and pin-pointing the best entry and exit positions. As our trading strategies evolve based on our perception of market conditions and our ability to analyze them so our collection of indicators and tools changes. Our current indicator set consists of a combination of trend line analysis, support and resistance levels, and overbought/oversold detection:
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