Quick Scans IBFX-GPS by Jayanthi Gopalakrishnan
Chart pattern recognition has been an
important part of technical analysis.
Given its subjective nature, it has always
been difficult to develop a product that
scans for such patterns. But the folks at
Interbank FX have made that bold move
and developed a product called IBFXGPS.
And no, that doesnít stand for global
positioning system, so donít get too
excited. The acronym stands for graphical
pattern scanner and as the name
suggests, the tool does exactly that. The
objective is to take the guesswork out of
recognizing patterns on your charts.
HOW IT WORKS
You can use IBFX-GPS on a demo account
with Interbank FX with limited
currency pairs. Once you open your
account, you can download the tool
from the website. It does take one business
day to activate IBFX-GPS.