Stocks & Commodities V. 25:10 (52): Quick Scans IBFX-GPS by Jayanthi Gopalakrishnan
Product Description
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 doesn’t stand for global positioning system, so don’t 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.
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 doesn’t stand for global positioning system, so don’t 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.
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