Autochartist is a feature that comes preinstalled on IG Index's Market Trading Platform PureDeal
By automatically analysing the markets and flagging any emerging or completed patterns, Autochartist from IGIndex releases you from having to carry out the complex and time-consuming process of chart-analysis yourself.
The software is designed to suit the needs of both newcomers to chart analysis and experienced traders alike, combining an easy-to-use interface with a powerful range of sophisticated analysis tools.
You can quickly get started using the default settings, which cover the whole range of available markets and pattern types, or once you're more confident with the Autochartist system you can start defining custom search criteria, filtering for the type and quality of chart patterns or the particular areas of the markets which interest you.
Objective real-time analysis
Accessed through the IG PureDeal platform, Autochartist examines index, forex, shares, energies and metals markets to identify a wide range of established technical patterns and Fibonacci patterns.
You receive an automatic alert within minutes of chart patterns forming, enabling you to react swiftly to market changes, while Autochartist's quality indicators provide you with objective analysis of a pattern's strength and other defining characteristics, 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.