We’re thrilled to announce another major update for the Patterns ID web app, expanding the versatility and depth of our Conditional Statistics™ calculations. This release introduces new timeframes that extend the analytical capabilities across the entire platform. Now, every page within the web app empowers users to explore not just daily and weekly close-to-close conditional averages but also various other critical timeframes. These enhancements allow for a more granular and tailored analysis, helping traders refine their strategies and insights.
Enhanced Timeframes for Conditional Statistics™
The core of this update is the addition of new timeframes for our Conditional Statistics™ calculations. Users can now analyze the following for both daily and weekly periods:
- Prior Close to Close: Traditional timeframe, crucial for understanding the overall market sentiment and stock performance from one closing bell to the next.
- Prior Close to Open: Captures the time between bars, highlighting the overnight and weekend movements, essential for gauging pre-market and post-market activities.
- Open to Close: Focuses on in-session trading, providing insights into intraday price movements and volatility.
- High to Low: Represents the range within a single trading session, allowing users to understand the day’s and week’s volatility and price extremes.
These expanded timeframes enable traders to dissect market movements in a more nuanced manner, whether they are interested in overnight gaps, intraday trends, or daily volatility ranges.
Across All Pages
Every page of the Patterns ID web app has been upgraded to support these new timeframes. Whether you are examining sector averages, individual stock performance, the screener, or stock outliers, you can now toggle between different timeframes to match your trading preferences and strategies.
We’ve introduced a toggle feature where users can switch between daily and weekly data without waiting for downloads. Select your preferred sub-timeframe: full (close-to-close), between (overnight/weekends), inside (session/weekdays), and range (high-to-low) to update table data instantly.
What’s Next?
These enhancements mark another milestone in our continuous effort to provide the most comprehensive and user-friendly trading tools. We are committed to further innovations and improvements based on your feedback.
Thank you for being a valued member of the Patterns ID community. Stay tuned for more updates as we continue to expand our platform’s capabilities, helping you make informed decisions and succeed in your trading journey!