Nison Candle Scanner by Barbara Star, PhD
Mention the name “Steve Nison” to a trader, and chances are the first thing that pops into his or her mind is Japanese candlestick charting. The two seem joined at the hip. And so popular have candlestick charts become, they are standard in all major financial charting software programs.
Some charting programs also offer the ability to scan for certain candle patterns. But according to Steve Nison, many do not identify them accurately. To correct that problem he developed the Nison Candle Scanner, an add-on available for NinjaTrader, TradeStation, Trade Navigator, and MetaTrader 4 charting platforms. The Nison Candle Scanner searches for 28 candle patterns and is offered at different subscription levels with free program updates. And it scans everything — stocks, indexes, commodities, futures, and forex. I even used it on weekly mutual fund data. And lest I forget, it also works in all time frames.
Rather than flip through chart after chart searching for candle patterns, the Nison Candle Scanner (Ncs) makes quick work of narrowing down a long field of trading contenders to find those that are potential candidates requiring your immediate attention.