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Trader's Reference

 

In a full implementation of the Recognia service, you and your customers can have full control over how many patterns are returned and the sort order of the displayed results. In order to filter the patterns so that they are most useful to the audience viewing them, a number of characteristics have been established. Following are the filtering characteristics that can be used.

Characteristic Name

Definition

  Value   Additional Information

Security Symbol The ticker symbol for a single security you wish to search for   Alphanumeric   The symbol will be converted to upper case if lower case is used

Exchange The exchange for the securities in which you wish to search for patterns   Drop down list of exchanges.   All US securities have been placed in one exchange (US) in order to reduce the complexity of searching.

Industry Sector This field represents Level 2 SIC codes (e.g. any SIC that ends with 00).   Drop down list of sector names.   If you choose SIC 2300 you will get all companies for SICs 2301-2399.

Pattern Category This field allows for the categorization of patterns into groupings, such as "bearish" or "bullish"   Drop down menu of pattern categories   Allow users to search on one category of patterns.

Pattern Type Lists the various specific patterns in the database and allows for the selection of a specific pattern type, such as Head and Shoulders Top.   Drop down menu of pattern types   Using this criteria will limit the returned patterns to just that type of pattern.

Filter on Date :
Default Periods
Allows for special date selections, such as Yesterday and Last Week.   Drop down menu of date selections   This allows a simpler method of selecting a date range rather than having to type in a specific data.

Filter on Date :
Date Range
Allows for the selection of a specific date range within which to search for patterns   YYYY-MM-DD   If only a starting value is specified, then the search will be from that date forward. If only an ending value is specified then the search will be from that date and earlier. Both dates are inclusive.

Closing price The closing price from the breakout date of the pattern.  

Numeric

Default is Any. Drop menu specifies at least or at most.

   

Volume The volume from the breakout date of the pattern.  

Numeric

Default is Any. Drop menu specifies at least or at most.

   

Experiential Rating A number which represents the rating of this pattern by the Experiential Neural Net. This neural net was trained by experienced Technical Analysts and provides a measure of how this pattern compares to other patterns that the Technical Analysts ranked.  

0 to 1

Default is Any. Drop menu specifies at least or at most.

  The higher the value the more the Technical Analysts felt that this pattern represents a valid pattern. A value of 0.3 or greater indicates that this pattern has a high degree of similarity to other patterns that Technical Analysts have identified as valid patterns

Symmetry Rating Indicates how symmetrical a pattern is.  

0 to 100

Default is Any. Drop menu specifies at least or at most.

  The higher the number, the more symmetrical the pattern is.

Trend Strength A measure of the difference between the entry price for the pattern and the extreme price for the pattern search window (usually 100 days). The extreme price will be the highest price for bottom patterns and the lowest price for top patterns  

0 to 1

Default is Any. Drop menu specifies at least or at most.

  The higher the number, the more significant the Trend Strength before the pattern.

Expected Percentage
Move
This is a measure of the expected move relative to the breakout price.  

0 to 1

Default is Any. Drop menu specifies at least or at most.

  The higher the number, the larger the expected move.

Price Noise
in Search
This is the Expected Percentage Move divided by average daily price range during the search period.  

Greater than 0, no upper limit.

Default is Any. Drop menu specifies at least or at most.

  The higher the number, the less the price noise during the search period. Typically numbers greater than 2.0 are chosen.

Price Noise
in Pattern
This is the Expected Percentage Move divided by average daily price range during the pattern.  

Greater than 0, no upper limit.

Default is Any. Drop menu specifies at least or at most.

  The higher the number, the less the noise during the pattern period. Typically, numbers greater than 2.0. are chosen.

Stochastic
at Breakout
This number provides a measure of the price range from the extreme price for the search window to the breakout price. The extreme price will be the highest price for bottom patterns and the lowest price for top patterns.  

0 to 1

Default is Any. Drop menu specifies at least or at most.

  The higher the number, the closer the breakout price is to the extreme price. The stochastics (breakout and trend) are used to calculate the trend strength. You can use the numbers to get an estimate for how "sideways moving" the market is. Values close together indicate a weak prior trend.

Stochastic
at Trend
This number provides a measure of the price range from the extreme price for the search window to the Trend price. The Trend price is the price at the beginning of the trend leading into the pattern. The extreme price will be the highest price for bottom patterns and the lowest price for top patterns.  

0 to 1

Default is Any. Drop menu specifies at least or at most.

  The higher the number, the closer the Trend price is to the extreme price. The stochastics (breakout and trend) are used to calculate the trend strength. You can use the numbers to get an estimate for how "sideways moving" the market is. Values close together indicate a weak prior trend.

Stochastic
at Max
This number provides a measure of the price range from the extreme price for the search window to the extreme price for the pattern price. The extreme price will be the highest price for bottom patterns and the lowest price for top patterns.  

0 to 1

Default is Any. Drop menu specifies at least or at most.

  The higher the number, the closer the Pattern extreme price is to the extreme price for the search window.


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