Spot trend patterns, monitor markets, and catch trading opportunities with the Autochartist MT4, cTrader and MT5 plugin, one of the most powerful technical analysis tools on the market.
Use this tool to recognise up to 16 chart patterns based on the slope of support or resistance lines.
These pattern formations are based on market psychology according to which support and resistance lines are drawn. It’s a combination of these opposing lines with the price moving in between them that defines each pattern formation, which eventually recognises potential market opportunities.
Assess your risk by identifying potential trading opportunities and setting stop-loss or take-profit levels, with this tool. Whenever the price touches horizontal support or resistance lines, a touching point is identified, after at least 3 touching points are recognised on the same line, the key level is identified. With the increasing number of touchpoints, the significance of the key level also rises.
Use the volatility analysis to effectively set stop-loss and take-profit levels, and better manage your risk. You can also depend on this tool’s skills to create your personal trading strategy. This small set of tools helps you observe the past volatility of an instrument and gives you a price forecast for the hours to come.
Double-check the quality of your Fibonacci patterns, chart patterns, and key levels with a set of quality indicators. Because certain results tend to be misleading, and traders often use their own judgment call when trusting these results, Autochartists Quality Indicators help you determine the reliability of these tools in an easy and user-friendly way.
Dip into the nitty-gritty of Autochartist and its suite of tools and features with Axiory’s education and guides.