Not much different from others. Autochartist is a technical analysis tool for identification using chart patterns and Fibonacci patterns. To be able to understand it, you need to learn these patterns.
You can read this review at Chart Pattern
Thanks.
@ aeman:
Autochartist is a trading analysis provider service that is able to provide signals and predictions of the success rate of using these signals. This facility is provided by many brokers such as InstaForex, Alpari, ThinkForex and others for free if you open a live account with the broker. If you are still using a demo account, you may be able to use the trial version first.
Basically, Autochartist is software for recognizing chart patterns, Fibonacci retracement and its combinations, key support and resistance levels, and volatility levels. In addition, Autochartist also provides signals on the most appropriate positions for entry. Analysis of price movement volatility can be a useful input for determining the appropriate stop loss and take profit (target) levels.
To be able to trade with the signals provided by Autochartist, you must understand chart patterns, channels and Fibonacci retracement. The chart patterns displayed are: triangle (ascending, descending, symmetrical), wedge (rising, falling), rectangle, head and shoulders, inverse head and shoulders, triple (top, bottom). Fibonacci consists of: 3 Point Retracement and 3 Point Extension with combinations in the form of butterfly and Gartley patterns. In addition, Autochartist also displays channels (uptrend and downtrend).