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Triangles, flags, pennants


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  #1 (permalink)
raven4ns
Halifax, Canada
 
Posts: 2 since Mar 2012
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Hello,
Many traders use patterns to form a part of their trade decisions, does anyone know where there is an algorithm that provides these patterns for NT7? There is one offered by a partner, unfortunately, the cost is quite high and one I don't wish to incur at this time. If anyone has knowledge of where I could find such a formula, please let me know. Thank you.

Tim


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  #2 (permalink)
 
sands's Avatar
 sands 
London + UK
 
Experience: Advanced
Platform: Proprietary Analytics
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Trading: Currently European and US equities
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What vendor did you see selling this?

I have looked at patterns before and found them very frustrating at times. I've not used them in NT7 explicitly however they can at times explain congestion well before price makes an impulsive directional move so I can certainly see why they are appealing.

Thanks,

Sands.


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  #3 (permalink)
raven4ns
Halifax, Canada
 
Posts: 2 since Mar 2012
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sands View Post
What vendor did you see selling this?

I have looked at patterns before and found them very frustrating at times. I've not used them in NT7 explicitly however they can at times explain congestion well before price makes an impulsive directional move so I can certainly see why they are appealing.

Thanks,

Sands.

I can't remember which one it was, the price was something like 500 euros and I didn't see a trial period although I may have missed it.

Tim


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