The relationship between the time and price axis can be used to gain a trading edge, especially when analyzed on the Wave59 platform. The advanced platform ensures a properly scaled chart and includes an easy-to-use pattern building & editing tool which allows patterns to be rotated, enlarged, and even automatically placed on a particular chart. Below is a chart showing the pattern builder module in action:
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Wave59’s advanced features include automatic pattern matching - you specify the pattern and data to use, and the platform calculates the best fit. In addition to fitting the pattern to the chart, Wave59 will display the correlation value, which you can use as an indicator!
