Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Chart pattern screener

Pattern recognition is very important when it comes to technical analysis in trading. Price charts​ display a multitude of data that can be difficult to interpret on your own without pattern recognition software, meaning that you may miss entry or exit points in a trade, or ignore the potential opportunity completely. This is where our chart pattern scanner on the Next Generation trading platform is useful.

An important part of technical analysis is to understand the price action of an asset in a rising or falling trend, as price movements usually signal a new trend. Based on these trading signals, traders can then decide whether to enter, exit or avoid a trade, depending on how promising the trade looks. Trading patterns can also help with where to place stop-loss orders and set profit targets.

See inside our platform

Get tight spreads, no hidden fees and access to 10,000+ instruments.

What is pattern recognition software?

Pattern recognition software is designed to identify a number of significant trading patterns that are popular within financial markets. It is most popular with volatile markets where traders are required to pay close attention to price charts, in case of sudden price movements. Among these are forex and share markets. Our chart pattern scanner acts as the following:

Different types of pattern recognition

Learn to trade with our chart pattern screener

We have put together a comprehensive video below on how to assemble and trade using our chart pattern recognition scanner. This explores the type of pattern you can trade, along with assets and the timeframe for the chart​​.

Free candlestick pattern scanner

Trading patterns are most commonly displayed on candlestick charts​​, although we offer a variety of chart types, such as line graphs, bar graphs and Renko charts. This allows you to display your data in the clearest way possible that makes it easier for you to understand.

Make the most of our free candlestick pattern scanner that is available to trade with both a live account and demo account.

Browse our range of advanced chart types

Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.