PatternDNA

PatternDNA

Profiting from Technical Analysis doesn't come any simpler. Highlight a past pattern and Zignals PatternDNA finds where that pattern occurs and calculates the profitability of trading that pattern. Then allow PatternDNA to do the hard work .You will receive an alert the next time that chart pattern forms so that you take advantage the subsequent movements.

Frequently Asked Questions

1. How many Patterns can I save?

There is no restriction on the number of Patterns which can be selected or created and saved.

2. Where do my saved Patterns go?

You can find all of your saved Patterns in the Open menu.

3. I can't find any Patterns in the Market Scan?

If you are finding no Patterns then adjust the Match level to a lower threshold or use a shorter Pattern. The hardest Patterns to match will be those 10 characters long using the Strongest Match Level.

4. What do the different letters represent?

This is the Zignals secret sauce, but each letter represents a given trading characteristic for any given day. Letters A to E are bullish days, F to J are bearish days, and X-Z are neutral days.

5. How do the different Match Levels work?

The Match Level will assign best fit stock Patterns based on DNA matching algorithms to your selected Pattern; this means there may be 'spaces' i.e. non relevant days in Patterns matched at weaker Match Level settings. The weaker the Match Level the more 'spaces' which can appear in the eventual Matched Pattern. This may be different to the results in the Performance test where weak matched Patterns can be more than 10 days in length. In the Match Scan only Patterns of 10-days total length will be selected. For example, a weak matched 5-character Pattern can only have a maximum of 5 non-Pattern days in the scan results. The Strongest Match has to be an exact match to be true.

6. How do I remove a Pattern?

Selecting Clear will remove all of the Patterns from a screen.

7. How do I change the look-back period for a Pattern test?

The look-back period defaults to the most recent year-to-date, but the date boxes in the top-right of the screen can be changed to alter the look-back period for any time back to 2000 for U.S. stocks (the availability of data will vary by exchange and by individual stock)


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