CandleScanner is a technical analysis software package created for investors interested in Japanese candle patterns. What makes this application exceptional is that it has been specifically designed for the detection of Japanese candle patterns. It is suitable for both seasoned traders and complete beginners.
With the application you can do the following:
- Quickly scan candlestick charts to find all occurrences of candle patterns
- Measure the efficiency of patterns, i.e. are they working as you expect them to?
- Build trading strategies based on candle patterns and simulate transactions (backtesting)