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A no non-sense chart pattern detection, screener for swing traders! By Joe Qi – PowerPoint PPT presentation

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1
  •  A no non-sense chart pattern detection, screener
    for swing traders!
  • By Joe Qi

2
Brief History
  • I used classical chart patterns for trading, but
    could not find stocks based on chart patterns I
    desired.
  • 2007 Created the first N-top / N-bottom and HS
    pattern detection.
  • 2008 Initial launch of the website, with
    trendlines and detection added
  • 2010 TA indicator based screeners and statistics
    screeners added.
  • 2011 Flat channel breakouts, rounding bottom
    patterns added.
  • 2012 Real time web charts with trendline. Mobile
    applications launched (Trendline Charts)
  • 2014 Desktop Java application replaces web-based
    chart. Mobile Android app redesigned to be more
    interactive and all TA indicators supported
    (Interactive Stock Charts). A major facelift.
  • 2014 (October) Trend Reversal Exhaustion
    indicator added and screeners supported.
  • 2015 TR Intraday trading method developed.
    Continued improvements and iOS support?...

3
What is it NOT!
  • Screenulator is not a penny stock pick site!
  • Screenulator is not just another stockcharts!
  • Screenulator is not a speculator forum

4
What it IS
  • A suite of tools to help you TA analysis and make
    more accurate predictions on future stock prices
  • Chart pattern screeners
  • Custom screeners
  • Interactive Stock Charts (computer mobile)
  • TR Indicator Intraday trading candidates.
  • Supports over 17000 stocks in 12 world markets

5
Interactive Stock Charts
6
Interactive Stock Charts
  • Interactive vs Static You can scroll, zoom, pan
    and show info on mouse over / touch
  • Automated trendlines Chart pattern screeners.
    Desktop version supports custom screeners
  • 15 TA indicators and 5 chart types
  • Supports both mobile and desktop (OSX and
    Windows, Java)
  • http//www.screenulator.com/apps.html

7
Classical Chart Patterns
  • Chart patterns are highly sought after and
    reliable way to analyze stock charts
  • Examples of support patterns Double top /
    bottom, HS, Wedge, Channels, Resistance
    breakouts, Near support, Flat channels, Rounding
    bottom, Trendlines.
  • Recognizing these patterns is an art rather than
    science. Computers hasnt been able to do it as
    well as humans.

8
HeadShoulder (CRME 2015-3-25)
Rounding bottom (PAM 2015-2-11)
Trendline Channel (BLKB 2014-10-2)
Flat channel breakout (ESPR 2014-9-30)
9
Common Trading Pitfalls
  • Wrong Approach (most people do this) Select
    stocks based on a news story, and try to analyze
    its charts with patterns / technical indicators
    etc.
  • Signals may never come or disagrees with
    fundamentals. This leads to missed opportunities,
    or buying too early, or lack of confidence and
    confusion.
  • Right approach Select stocks based on chart
    patterns and technical signals, then see if the
    stories fit.

10
Chart Pattern Screeners
  • Select stocks based on technical indicators
    chart patterns (then perhaps fundamentals
    optional?)
  • You can trade these stocks right away instead of
    having to wait for weeks / months
  • Screenulator screens all the chart patterns and
    common TA indicators over 17,000 stocks daily!

11
  • Example1 Chart of OVTI (Omnivision Technologies)
    supplier to Apple, shows a blue support line
    with pivots labeled A - E. After pivots A, B, C
    are detected, the support line is established.
    When price reapproaches point D and E, "near
    support level" criteria is triggered and alerts
    traders to buy.

12
  • Example 3 One year chart of GLOG (GasLog - ships
    LNG on vessels) shows a steady uptrending line
    pivots marked A - D. At point D (December 2014),
    it showed "near support level" screener. Buy
    around 14, and in a couple of months, the stock
    moves up to 20

13
  • Example 3 ESPR Esperion Therapeutics develops
    cholesterol drugs, showed high volume breakout on
    September 24th, just prior to the annoucement of
    Phase 2 clinical trials. There is evidence of
    price movement before the news even comes out.
    Stock rockets from teens to 40 in the following
    three months.

14
  • Gold ETF 5 year chart shows an example of support
    trendline break-down. On May 3rd, 2012, support
    line is first breached at 159, also coincides
    with psychological 160. Subsequent retest on the
    same support line bounces off confirms the long
    term downtrend of Gold prices. The next chart
    shows continued dropping of Gold.

15
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16
Custom Screener
  • Customize your own screeners by combining chart
    patterns and TA indicators and price metrics.
  • http//www.screenulator.com/cgi-bin/browse_index
    for full list of supported screeners and chart
    patterns
  • Use ISC app for quicker and easier access to
    custom screeners!

17
TR Intraday Trading
  • New Addition to Screenulator.
  • Trend Reversal Indicator is based on 9, 13 count
    TD Sequential
  • Proprietary indicator only available to
    institutional and high net-worth traders.
  • High accuracy 90 win rate on 5 min. charts
  • http//www.screenulator.com/td_intraday_picks.php

18
More to come
  • Candlestick patterns
  • Options / commodity charts
  • More world markets support
  • More TA indicators support
  • If you have any suggestions / questions contact
    Joe at yue.j.qi_at_gmail.com
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