Recognia

Most charting packages will allow you to pull up a chart and plot popular technical analysis indicators for you to analyze. The knowledge you have learned in this course can help you to practice visually identifying significant patterns or signals. Recognia products do much of this up front work for you. Technical Insight and Intraday Trader automatically analyze every stock looking for classic chart patterns, candlestick and bar patterns, and significant turning points or crossovers from indicators and oscillators. For example, these products automatically identify when a stock forms a Head & Shoulders pattern, an Inside Bar pattern, or when the price crosses a moving average. These are called “Technical Events” and each one is classified as bullish or bearish for a particular time horizon (short, intermediate or long-term). Technical Events are available for you to review and then apply what you have learned to the real world. As an example, if we have identified a bullish pattern, you might compare the chart annotation with the pattern rules you’ve learned to see how they match and to look for additional desirable characteristics on the chart. Another use is to see how the price moved, in real world situations, following the development of a technical chart pattern or other signal.