Autochartist touts itself as the world’s most advanced tool for the automatic identification of chart patterns and Fibonacci patterns. Autochartist uses what they call “pattern recognition engines” to continuously scan financial markets such as forex, equities, indices, and commodity markets, and then notifies traders within minutes of pattern formations.
They also offer PowerStats a feature that gives forex traders important statistical information about the instruments they trade. It helps when setting stop-loss and take-profit levels, and provides a better assessment of risk and volatility
With users in upwards of 80 different countries and more than 2,000,000 charts viewed per month by their users, Autochartist has definitely established itself as the leading chart pattern recognition platform provider for traders around the world.
AutoChartist aims to provide traders with a new perspective on using chart patterns in their trading so that instead of spending time looking for patterns, they could instead spend time deciding which patterns offered the best opportunities in the market.
AutoChartist’s aim is to offer their community of users not only the tools to use in their trading, but also further education on how to get the most from AutoChartist services. Analysis is posted to the AutoChartist Trader Community web site on daily and weekly time frames, and webinars are offered regularly to anyone registered on the Autochartist web site.