Archive for the ‘Chart Patterns’ Category
How to implement EA that will use H&S Pattern?
Hello, do you have any ideas how to implement Expert Advisor that can recognize Head and Shoulders/Double Top/Double Bottom patterns in MQL4? This pattern seems to be quite efficient but I’d like to test it with historical Data.
Thank you in advance 
Related Blogs
Stock Market: Experienced Technical Analysts: How reliable are chart patterns?
How often to the head and shoulders, double tops/bottoms, cups and handles, etc., indicate what they are supposed to successfully? Have these indicators lost any profitability in the past years?
Related Blogs
What are the most accurate signs that a market or security is bottoming?
I haven’t been in the market for many years, but I remember that increase of volume without further upside progress portends a top, as well as the head and shoulders graph, or I suppose a double top. I know that an upside down head and shoulders or a double bottom signifies a bottom, but what are the other signs?
Related Blogs
Question for Chartists?
When looking for divergences between the price chart and an
oscillator i never know from which trough or peak to draw the trendlines from? Some professional examples i see will have trendline drawn over 4 peaks on the top price chart but on the bottom oscillator (like RSI) the trendline will be drawn only over 2 peaks creating a divergence. But when I draw it over three peaks on the RSI it will create convergence which is completely contrary to the example. I know I worded this confusingly so bear with me.
Related Blogs
What stock charts do you find to be the most reliable?
what charts do you find to be the best indicators of how the stock will do in short, medium or long term. Thanks.
Related Blogs
Question for chartists and swing traders.?
Let’s say a stocks tanks on bad news and continues to fall for the next three or four days consecutively. What chart time frame is most advisable to spot a reversal or a good entry point in this situation? On the other hand what time frame is suitable for stocks that oscillate up and down with a 25% disparity every 2 or 3 weeks?
Related Blogs
Forex Trading – What is a double top and double bottom?
Do you know what is a double top and double bottom?