Spotware Community Team introduces its Pattern Drawing Indicator
The Spotware Community Team today announced the first release of its Pattern Drawing Indicator.
The Pattern Drawing Indicator is an indicator that allows traders to easily draw the following patterns on charts:
- XABCD;
- Cypher Pattern;
- ABCD Pattern;
- Triangle Pattern;
- Three Drives Pattern;
- Head and Shoulders;
- Elliot Impulse Wave (12345);
- Elliot Triangle Wave (ABDCE);
- Elliot Triple Combo Wave (WXYXZ);
- Elliot Correction Wave (ABC);
- Elliot Double Combo Wave (WXY);
- Cyclic Lines.
The indicator is open source and its main purpose is to demonstrate the capabilities of cTrader Automate and Chart Controls as well as provide traders with tools for visualizing these popular patterns on the chart.
A short video demonstrating how the indicator works has been posted on Telegram. The indicator is available on GitHub and the developers would appreciate any community contribution.
Fintech company Spotware Systems has regularly updated its solutions. Earlier in March, for instance, Spotware announced the new cTrader Mobile 4.0 release. The update comes with several valuable features for both – Android and IOS users. cTrader Copy has now entered Mobile for Android users, providing the ability to discover, select and follow copy strategies, as well as to manage investments wherever a trader is.
In February, Spotware Systems announced the addition of a raft of new features to its copy trading service cTrader Copy.