Interbank FX launches CPR tools

With the launch of the first of a series of Chart Pattern Recognition (CPR) tools, Interbank FX (IBFX) is now assisting traders by taking the guess work out of Candlestick Pattern Recognition.

First Published by e-Forex News: October, 2007

With the launch of the first of a series of Chart Pattern Recognition (CPR) tools, Interbank FX (IBFX) is now assisting traders by taking the guess work out of Candlestick Pattern Recognition. <br />
CPR Candlesticks benefit users by plotting a symbol on their price chart and notifying the trader when a pattern was found. It also tells the users which pattern was last found on the currency chart and how many bars ago. The system will suggest a position including a stop loss and profit target. Users can also scan other periodicities and displays the last pattern found for each periodicity.