What value does Recognia bring to chart pattern identification?
Like many investment disciplines, chart pattern identification and analysis is a manual activity that has long been considered more of an art than science. A chart is drawn, either by hand or on a computer screen. The analyst looks at the chart over different price scales and using different time periods to attempt to visually determine if any of the 50 or so known chart patterns are forming. If the analyst does not see any patterns on the chart they continue on to the next chart. Tools exist to help the analyst draw the chart but there have not been sufficient tools that automatically identify and classify the chart patterns. Even the most experienced investment professional can only track 50-75 securities a day using this manually-intensive technique. Recognia currently analyses more than 16,000 securities each day from world stock exchanges and is expanding this capability to include additional markets around the world. This allows investment professionals to become more productive,
