CP6 Pro 2 is a 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. DOWNLOAD a free Demo that is identical to the actual program for a least 30 days.
Program Features
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 (as shown here) where the width of the candle is
proportional to volume. Now, included in this newest version is Heikin-Ashi (HA) charting, that displays special HA candles. If plotted in the
CandlePower mode, it's called an HA Power chart. This can be shown here whenever the mouse cursor is over the chart*. By moving
the cursor on and off the chart you can see that the HA trend is much more apparent; and, it's only available with the CandlePower 6 Pro 2.
All of the charting modes incorporate the following:
* 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
AutoScan
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
AutoTest
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.
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. DOWNLOAD a free Demo that is identical to the actual program for a least 30 days.
Program Features
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 (as shown here) where the width of the candle is
proportional to volume. Now, included in this newest version is Heikin-Ashi (HA) charting, that displays special HA candles. If plotted in the
CandlePower mode, it's called an HA Power chart. This can be shown here whenever the mouse cursor is over the chart*. By moving
the cursor on and off the chart you can see that the HA trend is much more apparent; and, it's only available with the CandlePower 6 Pro 2.
All of the charting modes incorporate the following:
* 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
AutoScan
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
AutoTest
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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| CandlePower 6 Pro 2 The Complete Candlestick Program North Systems, Inc. |
Heikin-Ashi XRAY Charting
Welcome to CandlePower 6 Pro 2 - It's All About Performance!
*This is a CandlePower chart where candle width shows relative volume.
Move the mouse cursor over chart to display the Heikin-Ashi Power chart.
Move the mouse cursor over chart to display the Heikin-Ashi Power chart.
>> Using the AutoTest feature - Determine the best performing Candle Patterns during the last, say 70, days.
Of the 108 patterns, some will outperform all others at any given time period.
>> Using the BestPerf feature - Determine the best performing Technical Indicator for every security in your
data base(s). Scan or Chart current data to see what's working now.
>> Using the Chart Screen - Chart and analyze the Latest AutoScan Results folder that contains those
symbols that had a Technical Indicator and/or a Candle Pattern signal today.
| When you run the Demo this is what you can do - today - with your own data! |
 | |  | |  | |  | |  | |  | |  | |  | |  |
| | | | | | | | | | | | | | | | |
| (And, it's all in the Tutorial.) |
It's Hard To Make Money in Today's Market - But Try This!
Chart your favorite security or select one of the symbols generated from the scans listed
above. On the bottom row of tool buttons, click the 'Best' button and then the 'Perf' button and
the resulting chart will be similar to the one shown below for 'SPY' (an ETF for the S&P 500).
Note that 'Best' automatically plots the Best Indicator, in this case Directional Movement (DM),
and the 'Perf' displays the % Performance table for all indicators (based on the displayed data).
It is clear that DM has the best performance for a strategy that uses both Long and Short
trades, that is, you are always in the market. (You may also select either Long or Short trades.)
The DM Indicator signals are shown by an Up Arrow (Buy) preceded by green boxes denoting
'pre-buy' signals and a Down Arrow (Sell) preceded by red boxes denoting 'pre-sell' signals.
Pre-signals are always terminated by the actual signal indicated by the pre-buy or pre-sell signal.
The candle signals are shown by black arrows on the 'Candles' line just above the price plot
scale .
Two trends are apparent, indicated by the price plot and the DM 'pre-signals'. By studying the
Heikin-Ashi chart of the same data, as described in the caption just below the chart, the HA
modified data provide a more accentuated visual confirmation of both the up and down trends.
Now, continue to follow your chosen security(s) on a daily 'BestPerf' basis until you have
sufficient confidence in the Best Performing Indicator strategy to trade its signals or pre-signals.
Note that the current 'Best Performing Indicator' will change; and, that the 'last Best' may remain
a good choice if the difference in performance between it and the 'new Best' is relatively small.
This strategy works - Try it yourself - Download the free Demo today
Chart your favorite security or select one of the symbols generated from the scans listed
above. On the bottom row of tool buttons, click the 'Best' button and then the 'Perf' button and
the resulting chart will be similar to the one shown below for 'SPY' (an ETF for the S&P 500).
Note that 'Best' automatically plots the Best Indicator, in this case Directional Movement (DM),
and the 'Perf' displays the % Performance table for all indicators (based on the displayed data).
It is clear that DM has the best performance for a strategy that uses both Long and Short
trades, that is, you are always in the market. (You may also select either Long or Short trades.)
The DM Indicator signals are shown by an Up Arrow (Buy) preceded by green boxes denoting
'pre-buy' signals and a Down Arrow (Sell) preceded by red boxes denoting 'pre-sell' signals.
Pre-signals are always terminated by the actual signal indicated by the pre-buy or pre-sell signal.
The candle signals are shown by black arrows on the 'Candles' line just above the price plot
scale .
Two trends are apparent, indicated by the price plot and the DM 'pre-signals'. By studying the
Heikin-Ashi chart of the same data, as described in the caption just below the chart, the HA
modified data provide a more accentuated visual confirmation of both the up and down trends.
Now, continue to follow your chosen security(s) on a daily 'BestPerf' basis until you have
sufficient confidence in the Best Performing Indicator strategy to trade its signals or pre-signals.
Note that the current 'Best Performing Indicator' will change; and, that the 'last Best' may remain
a good choice if the difference in performance between it and the 'new Best' is relatively small.
This strategy works - Try it yourself - Download the free Demo today