What is Autochartist?
Autochartist is a powerful chart analysis tool available to all IG Markets clients, which analyses market data for emerging or existing trends and alerts you when it locates a potential dealing opportunity.
Chart pattern recognition has been an established market analysis tool since the 1930s, and many traders consider data patterns when gauging whether markets are over - or underweight.
Autochartist features
Chart analysis is a complex discipline, and carrying out such detailed analysis of the markets can be exceedingly time-consuming even for an experienced trader. Autochartist releases you from a significant investment of both effort and time by automatically analysing the markets and flagging any emerging or completed patterns, combining an easy-to-use interface with a powerful range of sophisticated analysis tools which are designed to suit the needs of both newcomers to chart analysis and experienced traders alike..
Autochartist's 'all-in' default settings allow you to get started quickly, covering the whole range of available markets and pattern types so no opportunity is missed. Once you've got to grips with the system you can start defining your own search criteria, filtering for the type and quality of chart patterns or to focus on those areas of the markets in which you are most interested.
Objective real-time analysis
Accessed through our PureDeal platform, Autochartist examines our wide range of index, forex, shares, energies and metals markets for signs of technical and Fibonacci patterns.
Automatic alerts to forming patterns enable you to react swiftly, making your trading more effective, while Autochartist analyses and defines each pattern objectively according to a series of strict criteria, allowing you to make informed, unsentimental decisions.
And once chart patterns have gone to completion, breakout strength or weakness indicators and projected forecast regions help you determine your next move.
Get started with Autochartist
Autochartist is available through our award-winning PureDeal platform - simply access the Tools menu and follow the link.
A special online seminar from our Chief Market Strategist David Jones, providing an introduction to Autochartist and the software's customisable search facility, is available free of charge on IG Markets.
Advanced chart analysis
Our series of in-depth guides to Autochartist are also available, dicussing technical aspects of the software and of pattern analysis in general, including pattern alerts, custom searches, and trending/non-trending patterns.
