Alpari Autochartist is a powerful market-scanning tool that automatically identifies chart and Fibonacci patterns throughout the trading day. The software eliminates the time-consuming task of having to scrutinize the markets by automatically providing chart pattern alerts in real time, identifying the support and resistance levels that form the patterns, and indicating the general direction of price movement and past trends. Alpari clients have free access to the Autochartist through a web-based portal and inbuilt platform plug-in.
Alpari Autochartist offers a wide range of live analysis for a variety of currency pairs within one application and presents objective and easily understood signals and quality indicators. Along with straight forward instruction, educational materials and real market opportunities. Autochartist has three main features that every user should familarize themself with:
Users are notified by audio and visual alerts when emerging and completed patterns are identified. The pre-drawn charts are easily understood as support and resistance levels are clearly illustrated. Autochartist Chart Patterns allows newer traders to incorporate technical analysis into their trading plans, while still offering seasoned traders the powerful scanning functionality which saves them time and highlights trade opportunities that may otherwise be missed.
CloseAutochartist automatically identifies Fibonacci Patterns and visually illustrates the levels at which support or resistance is expected according to the theory of the Golden Ratio. Such levels can play an instrumental role in setting stop-loss levels and determining trading objectives. From straight forward Extensions, Retracements, and ABCD patterns, to more sophisticated setups like Gartley and Butterfly formations, Autochartist also has the ability to identify patterns that are in the process of forming. This highlights to Fibonacci traders where they need to focus their attention for the next highpotential trade opportunities.
CloseUsing the same principles as the highly effective chart and Fibonacci patterns, Key Levels can easily be combined with other types of analysis to provide powerful confirmation signals. Autochartist brings thousands of Key Level trade opportunities every month and saves trader’s valuable time seeking for actionable prospects. Key Levels provide confirmation of other types of signals, and are offered in two flavors: "breakout" and "approach" signals.
CloseFree of charge to Alpari (US) Live clients, Autochartist is flexible and straightforward to use.
It scans the markets and identifies technical chart pattern formations such as triangles, wedges, tops and bottoms.
Saves time: Trends and patterns take time to identify and monitor ‘manually’. Autochartist eliminates this and provides chart pattern alerts automatically, in real time, every 15 minutes or at intervals you specify.
Easy to use: Findings are displayed in a simple format for easy identification of both emerging and completed patterns, helping clients capitalise on opportunities and trade with more confidence.
Adaptable: The interface can be personalised by selecting just the pre-defined time frames and instruments required. Clients can add more indicators as they gain experience and confidence.
Whatever your trading style, Autochartist’s range of tools allows traders of all levels of experience to support their research and trading decisions with a user-friendly technical analysis package.
Multiple time frames: Autochartist analyses market data across multiple time frames. As a price changes, the most recent chart patterns are updated and clients continue to receive alerts as a pattern develops.
Quality indicators: The quality of each pattern alert is clearly displayed and supported with indicators showing the initial trend and the clarity and uniformity of the pattern.
Detailed analysis: Autochartist identifies both the support and resistance levels that influence emerging and complete patterns with indications of the general direction of price movement as well as past trends.
Variety of pattern types: The pattern types support both trend and swing trading. Emerging patterns help swing traders capitalise on the movements between support and resistance-levels while complete patterns help trend traders to time trades post-breakout.
Always on: Whether trading part-time or full-time, clients will benefit from the availability of live scans and pattern alerts through the day, for as long as the market is live.
