MurphyMorris - Chart Pattern Recognition for Metastock

 

Chart Patterns are pictures or formations that may appear on price charts of stocks, commodities, or other types of securities. Repeatedly, these patterns have been shown to have predictive value. Chart patterns are classified into two groups:

• Those that predict a reversal in a trend, and
• Those that predict the continuation of a trend.

CPR takes the guesswork out of identifying these patterns.
Key Features

The reversal patterns identified by CPR include

• Head and Shoulders
• Inverse Head and Shoulders
• Triple Tops
• Triple Bottoms
• Double Tops
• Double Bottoms

Continuation patterns that are detected include

• Symmetric Triangles
• Ascending Triangles
• Descending Triangles
• Flags
• Pennants

CPR allows traders to verify the patterns they identify with John Murphy`s own expert commentary and to highlight the patterns on their charts with colorized bars and labels. CPR includes explorations that will automatically scan through thousands of securities looking for specific patterns. It will also filter out everything but the securities that are most likely to produce the best trading opportunities.
System Requirements


Pricing and Availability




About MurphyMorris

John Murphy and Greg Morris joined forces in 1996 to produce educational products and services for investors. "There was a void in quality software products that truly focus on investor education," says Morris, "probably because software developers were not necessarily knowledgeable in the financial arena."
John J. Murphy has been an analyst with CNBC television and is the best-selling author of three books (Technical Analysis of the Futures Markets is universally considered the leading reference on the subject). He is also a highly acclaimed expert on intermarket relationships, a newsletter editor, and an internationally known speaker. Murphy has been actively involved in market analysis and commentary for almost 30 years.
Gregory L. Morris is an investment analysis software developer, an author, and a frequent speaker at seminars, both in the United States and internationally. Morris has been actively involved in investment software development for over 15 years and has been an active trader for over 20 years.