CandleScanner 2.7
Free Trial Version
Publisher Description
CandleScanner is a technical analysis software allowing you to search Japanese candlestick formations (patterns) and create some statistics on them. Additionally CandleScanner allows you to build trading strategies on top of candlestick formations.
When the search is done statistics are created from which you can see for example formation occurrence frequency and its efficiency. Efficiency is measured based on ten following days since the formation occurred. Formation can have one of the following efficiency levels:
False forecast (0 days)
Low efficiency (1-3 days)
Medium efficiency (4-6 days)
High efficiency (7-10 days)
In case of bullish reversal or bullish continuation formations CandleScanner is checking how many days since the formation occurred closing prices are higher than the close price of the last formation's candlestick. This check is done for the 10 days period.
In case of bearish reversal or bearish continuation formations CandleScanner is checking how many days since the formation occurred closing prices are lower than the close price of the last formation's candlestick. This check is done for the 10 days period.
Also trading simulator is available in the application where you can apply found formations to open/close positions on the market.
About CandleScanner
CandleScanner is a free trial software published in the Investment Tools list of programs, part of Business.
This Investment Tools program is available in English, Polish. It was last updated on 22 April, 2024. CandleScanner is compatible with the following operating systems: Windows.
The company that develops CandleScanner is Lempart. The latest version released by its developer is 2.7. This version was rated by 1 users of our site and has an average rating of 4.0.
The download we have available for CandleScanner has a file size of 27.26 MB. Just click the green Download button above to start the downloading process. The program is listed on our website since 2013-10-02 and was downloaded 1,164 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded software with your antivirus. Your antivirus may detect the CandleScanner as malware if the download link is broken.
How to install CandleScanner on your Windows device:
- Click on the Download button on our website. This will start the download from the website of the developer.
- Once the CandleScanner is downloaded click on it to start the setup process (assuming you are on a desktop computer).
- When the installation is finished you should be able to see and run the program.
