A Chart scanner is a tool that helps you monitor and identify the direction of a trend.
It combines 7 moving averages:
- Exponential Moving Average (EMA) – 5, 10, and 50.
- Simple Moving Average (SMA) – 5, 10, and 50.
- Hull Moving Average (Hull) – 9.
The chart scanner can give 5 types of signals: Strongly Down, Down, Neutral, Up, Strongly Up. These signals dynamically change depending on the time period and price changes.
Chart scanner is available on the web version of the platform both for demo and real account types.
Note. Chart scanner helps determine the direction and intensity of a trend, but it doesn’t guarantee success. Please be sure to make well-considered decisions when trading.