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12/26/2018 |

TrendSpider User Guide: Utilizing the Candlestick Pattern Recognition Feature

TrendSpider is a very dynamic platform allowing for the automation of many manual technical analysis processes. One of the most powerful automated features we have to offer is the candlestick pattern recognition feature which allows users to search for specific candlestick patterns with the click of a checkbox. In this User Guide video post, we tell you everything you need to know about this awesome feature! 

Setting Up Candlestick Pattern Recognition 

Step One: Turn on “Patterns”

In order for the “Candlestick Pattern Recognition” to be turned on, click the “Patterns” button. When the button is green, the feature is activated.

Step Two: Click the Three Vertical Dots

In order to get the full list of candlestick patterns to choose from, click the three vertical dots next to “Patterns”.

Step Three: Choose Your Candlestick Patterns

Chose from over 50 different candlestick patterns. The user can see how many candlesticks are selected at the top of the menu and can also search for candlestick patterns instead of scrolling through the entire list.

Step Four: See Your Patterns Appear on the Chart Instantly!

All candlestick patterns that you have selected will show up on the chart. Then, its time to start backtesting! Enjoy!

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REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis provided for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.