Pattern wizard
Market scan
The wizard checks every ticker of the markets you choose and keeps only the setups that are at their entry right now, confirmed by a candle, and whose strategy has a statistically significant record: a win rate above break-even and an expected return above zero.
Sign in to scan the markets. The market scan is part of Pro+.
How it works
- Every ticker of the chosen markets is scanned on the chosen timeframe by the same engine as the chart's pattern wizard (harmonics, Elliott waves, head and shoulders, double and triple tops, triangles, wedges, rectangles, flags, cups with handles, reversal candles at levels and more).
- At the entry now: a confirming candle at the entry (an engulfing candle, hammer, morning star, piercing line …, or a strong close beyond a breakout level). Untick “confirmed” to also see setups within half an ATR of their entry that still wait for the candle.
- Significant: the strategy's record on history (this ticker's back-tests, or all tickers tested when this one has too few trades) must beat break-even (exact binomial test) and have an expected return above zero (t-test and bootstrap), at your level, after correcting for the many strategies tested. Choose “Any” when significance does not matter to you: every setup at its entry is then listed, the best first, with its record shown.
- Computing time: a market scan uses your computing time for pattern scans (the ring above shows what is used and left, and when it resets). It is counted only while the scan runs, not while it waits in the queue. If the time runs out during a scan, the scan pauses and finishes by itself after the reset; you are told when it is ready. Load 10 more and Reveal all show the rest of what passed every filter (for three hours after the scan) at no extra cost.
Past results on history do not guarantee future results. Automatic analysis, not investment advice. See the wizard guide.