CP6 Pro 2 is a professional charting and scanning program for end-of-day candle pattern and technical
analyses of any traded securities (stocks, futures, funds, Forex, etc.). It is the latest revision to the popular
CandlePower series of programs that originated in 1990 and is described in the book CandlePower, now titled
Candlestick Charting Explained (see special offer*). Pro 2 introduces the Heikin-Ashi charting method and a
new charting technique called "XRAY" that is described in the Features page. DOWNLOAD a free Demo that
is identical to the actual program for a least 30 days. See the Order page for details and a *special book offer.
Chart
The CP6 Pro 2 chart screen can be configured to
show any or all indicator signals and candle signals,
along with the price plot which can be displayed in
several formats including candle stick, equivolume,
line, bar, or candlepower where the width of the
candle is proportional to volume. Now, included in
this newest version is Heikin-Ashi (HA) charting,
shown here, and the new XRAY chart that displays
HA candles with the actual candles overlaid.
This can be momentarily shown here when
the mouse cursor is over the chart. This action
also applies to other images throughout the site
including the chart at the top right of the page.
All of the charting modes incorporate the following
functions:
* Data and Performance Windows
* Indicator and Volume Moving Averages
* 7 Selectable Price Moving Averages
* Selectable Chart Parameters and Colors
* Least Square Fit Lines
* Bar Chart Breakouts
* Linear and Log Scales
Scan
The CP6 Pro 2 AutoScan will scan every security in
any or all of your databases to determine the occurrence
of the selected technical indicator signal and or candle
pattern signal for the current (or any) date according to
the criteria you specify, including price and volume limits..
* Scan Rate: >5000 stocks per minute
* Unlimited number of securities
* Results saved for easy charting, printing,or
exporting to other programs
Test
The CP6 Pro 2 AutoTest routine tests both candle
patterns and technical indicators either individually or
all at one time. Both methods are based on a simple
"look forward" algorithm that accumulates net gains
for each indicator and candle pattern at selected
intervals after their signals.
* Price & Volume Minimum and Maximum Criteria
* Rank by Net %Gain, %Win/Loss, Average Win/Loss
* User selectable time frame and performance intervals
* 108 Candle Patterns and 13 Technical Indicators
* Symbol, date, and signal saved for subsequent
"automatic- centered signal" charting
.Performance
CP6 Pro 2 tests how well each indicator, including
candle patterns as a group, performed using three
different trading strategies (long, short, and both).
The results, listing the best indicators and strategies
for each security, can be displayed in the chart screen
performance window. The test results, which can also
be obtained from a "BestPerf" scan of all securities,
are listed and sorted by symbol, best indicator and
strategy, percent gain, and current signal, if any. When
results are sorted by current signal, a symbol list is
provided that is, in essence, an AutoScan based
on the best performing indicator for each security.
The number of times each indicator was ranked best
is also presented in a Summary Report This is a very
powerful tool. The results can be sorted by Indicator
Name,Number of Occurrences, Long, Short, or Both
Trades, Average Performance, Average ROC (Rate of
Change), or Average Performance minus average ROC
which rates how well the indicator performed relative to
an average "Buy and Hold" strategy.
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Website and all original content herein are copyright North Systems, Inc., 2005 to present.
analyses of any traded securities (stocks, futures, funds, Forex, etc.). It is the latest revision to the popular
CandlePower series of programs that originated in 1990 and is described in the book CandlePower, now titled
Candlestick Charting Explained (see special offer*). Pro 2 introduces the Heikin-Ashi charting method and a
new charting technique called "XRAY" that is described in the Features page. DOWNLOAD a free Demo that
is identical to the actual program for a least 30 days. See the Order page for details and a *special book offer.
Chart
The CP6 Pro 2 chart screen can be configured to
show any or all indicator signals and candle signals,
along with the price plot which can be displayed in
several formats including candle stick, equivolume,
line, bar, or candlepower where the width of the
candle is proportional to volume. Now, included in
this newest version is Heikin-Ashi (HA) charting,
shown here, and the new XRAY chart that displays
HA candles with the actual candles overlaid.
This can be momentarily shown here when
the mouse cursor is over the chart. This action
also applies to other images throughout the site
including the chart at the top right of the page.
All of the charting modes incorporate the following
functions:
* Data and Performance Windows
* Indicator and Volume Moving Averages
* 7 Selectable Price Moving Averages
* Selectable Chart Parameters and Colors
* Least Square Fit Lines
* Bar Chart Breakouts
* Linear and Log Scales
Scan
The CP6 Pro 2 AutoScan will scan every security in
any or all of your databases to determine the occurrence
of the selected technical indicator signal and or candle
pattern signal for the current (or any) date according to
the criteria you specify, including price and volume limits..
* Scan Rate: >5000 stocks per minute
* Unlimited number of securities
* Results saved for easy charting, printing,or
exporting to other programs
Test
The CP6 Pro 2 AutoTest routine tests both candle
patterns and technical indicators either individually or
all at one time. Both methods are based on a simple
"look forward" algorithm that accumulates net gains
for each indicator and candle pattern at selected
intervals after their signals.
* Price & Volume Minimum and Maximum Criteria
* Rank by Net %Gain, %Win/Loss, Average Win/Loss
* User selectable time frame and performance intervals
* 108 Candle Patterns and 13 Technical Indicators
* Symbol, date, and signal saved for subsequent
"automatic- centered signal" charting
.Performance
CP6 Pro 2 tests how well each indicator, including
candle patterns as a group, performed using three
different trading strategies (long, short, and both).
The results, listing the best indicators and strategies
for each security, can be displayed in the chart screen
performance window. The test results, which can also
be obtained from a "BestPerf" scan of all securities,
are listed and sorted by symbol, best indicator and
strategy, percent gain, and current signal, if any. When
results are sorted by current signal, a symbol list is
provided that is, in essence, an AutoScan based
on the best performing indicator for each security.
The number of times each indicator was ranked best
is also presented in a Summary Report This is a very
powerful tool. The results can be sorted by Indicator
Name,Number of Occurrences, Long, Short, or Both
Trades, Average Performance, Average ROC (Rate of
Change), or Average Performance minus average ROC
which rates how well the indicator performed relative to
an average "Buy and Hold" strategy.
Back to Top
Website and all original content herein are copyright North Systems, Inc., 2005 to present.
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