Trendline Charts 3.98

Announcement: The Market Data Source has been successfully updated to version 3.86.

Trendline Charts (v3.0) by Screenulator.com

New Features in Version 3.0:

• Interactive charts with touch information display, scroll, and zoom functionality
• Intraday charting with trendlines
• Comprehensive indicator window featuring RSI, MACD, SMA, EMA, Bollinger Bands, Keltner Channels, Donchian Bands, Ichimoku Cloud, Parabolic SAR, McGinley Dynamic, SuperTrend, Stochastic Oscillator, ADX, Aroon, Chaikin, Ultimate Oscillator, MFI, OBV, ATR, ADL, and CCI indicators, alongside Fibonacci Retracement and text annotation tools
• Support for Forex pairs
• RSS news feed integration

Review Summary:

This application stands out as a unique stock chart application that automatically displays Support and Resistance lines on a Candlestick chart. This feature is powered by advanced AI algorithms from Screenulator.com which specialize in chart pattern recognition. Additionally, it includes a filter or stock screener based on trendline patterns such as Resistance breakout and Support penetration. Users can effortlessly identify stocks that have broken through resistance levels.

The application employs Deep Learning Neural Networks to backtest the performance and profitability of automated trendlines against over 50 years of extensive historical data.

Understanding Trendlines:

A trendline serves as a boundary for the price movement of a security. A support trendline forms when a security’s price declines and then rebounds at a point that aligns with at least two previous support levels. Conversely, a resistance trendline is established when the price ascends and subsequently falls back at a point that aligns with previous resistance levels. These lines are constructed by connecting a series of low points (support) or high points (resistance).

Many expert traders and investors regard trendlines as essential tools in technical analysis. Unlike other indicators which come with fixed formulas, drawing effective trendlines demands human judgment and skill. Finding a specific trendline pattern—such as a Resistance breakout—can be labor-intensive; this application alleviates that challenge.

Stock Screeners Based on Trendline Patterns:

• Resistance (topline) breakout
• Support (bottom line) penetration
• Channels (both top and bottom lines)
• Wedge (consolidation pattern bounded by top and bottom lines)
• Proximity to Support level
• Proximity to Resistance level

The screening results are refreshed daily, providing real-time updates on individual stock charts with automatic trendline drawing capabilities.

Market Coverage:

• Candlestick charting for over 19,000 symbols across 16 global markets
• All Forex pairs supported
• Markets include NASDAQ, NYSE, AMEX, TSX; Asia: HKEX, Australia, New Zealand, India (NSE), JKSE; Shenzhen; Shanghai; Singapore; Europe: London; Paris; Brussels; Amsterdam; Milan; Athens
• An advanced chart pattern recognition engine to display overlayed trendlines
• Daily updates for stock screeners based on trendline patterns

For non-US tickers: append .TO for TSX, .AX for ASX, .HK for HKEX. Index tickers start with ^.

For more advanced technical analysis tools visit www.Screenulator.com.

For further information on trendline colors: Click here.

Keywords: Stock charts, Trend line, Trendlines, Automated chart pattern detection.