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CandlePower 6 Pro

Developers: North Systems, Inc.

OS: -

Website Address: www.chartandscan.com

CandlePower 6 Pro - a professional charting and scanning program for end-of-day candle pattern and technical analyses. CP6 Pro represents the latest update to the CandlePower 6 series of programs. It adds “BestPerf”, an automatic “Best Performance” back-testing capability that determines the best performing indicator for each and every security scanned, using 13 popular technical indicators and a library of 106 candle patterns.

CP6 Pro tests how well each indicator, including candle patterns as a group, performed using three different trading strategies (long, short, and both). The results, listing the best indicators and strategies for each security, can be displayed in the chart screen performance window. The test results, which can also be obtained from a "BestPerf" scan of all securities, are listed and sorted by symbol, best indicator and strategy, percent gain, and current signal, if any. The number of times each indicator was ranked best is also summarized. This is an extremely powerful tool.