System and method for chart pattern recognition and analysis in an electronic trading environment

A method for chart pattern recognition and analysis in an electronic trading environment, the method comprising:

• displaying a chart representing streaming market data related to a tradeable object, the chart being displayed using a graphical user interface of a computing device;
• receiving a user input via an input device associated with the computing device, the user input selecting at least one portion of the chart for chart pattern recognition and analysis;
• searching for at least one chart pattern match in the streaming market data similar to the selected at least one portion of the chart via the computing device;
• for each found chart pattern in the streaming market data similar to the selected at least one portion of the chart, applying a chart pattern recognition and analysis via the computing device to determine at least one reoccurring chart pattern indicator that is common to the found at least one chart pattern match, the reoccurring chart pattern indicator representative of reoccurrence of the chart pattern in the streaming market data;
• and
• displaying the at least one reoccurring chart pattern indicator on the graphical user interface.

A device for chart pattern recognition and analysis, the device comprising:

• a computer readable memory device having computer-executable instructions stored therein the instructions including:
• a charting application configured to display streaming market data related to a tradeable object on a chart;
• an input recognition application configured to detect a selection of at least one portion of the chart to be used in chart pattern recognition and analysis;
• a chart pattern recognition and analysis application configured to search for chart pattern matches being similar to the at least one selected portion of the chart;
• a reoccurrence application configured to determine reoccurrence of found chart pattern matches in the streaming market data being representative of reoccurrence of the chart pattern;
• and
• a display application configured to display the at least one reocurring indicator value.

A computer readable medium having executable instructions stored therein, which when executed by a processor of a computing device, cause the computing device to carry out a method comprising:

• displaying a chart representing streaming market data related to a tradeable object, the chart being displayed using a graphical user interface of a computing device;
• receiving a user input via an input device associated with the computing device, the user input selecting at least one portion of the chart for chart pattern recognition analysis;
• searching for a chart pattern in the streaming market data similar to the selected at least one portion of the chart via the computing device;
• for each found chart pattern in the streaming market data similar to the selected at least one portion of the chart, determining a set of indicator values corresponding to the found chart pattern similar to the selected at least one portion of the chart via the computing device;
• determining at least one reocurring indicator value from the set of indicator values via the computing device, the reoccurring indicator value being representative of reoccurrence of the chart pattern in the streaming market data;
• comparing the at least one reocurring indicator value to a threshold value via the computing device;
• and
• displaying the at least one reocurring indicator value on the graphical user interface according to the comparison.

A computer readable medium having executable instructions stored therein, which when executed by a processor of a computing device, cause the computing device to carry out a method comprising:

• displaying a chart representing streaming market data related to a tradeable object, the chart being displayed using a graphical user interface of a computing device;
• receiving a user input via an input device associated with the computing device, the user input selecting at least one portion of the chart for chart pattern recognition and analysis;
• searching for at least one chart pattern match in the streaming market data similar to the selected at least one portion of the chart via the computing device;
• for each found chart pattern in the streaming market data similar to the selected at least one portion of the chart, applying a chart pattern recognition and analysis via the computing device to determine at least one reoccurring chart pattern indicator that is common to the found at least one chart pattern match, the reoccurring chart pattern indicator representative of reoccurrence of the chart pattern in the streaming market data;
• and
• displaying the at least one reoccurring chart pattern indicator on the graphical user interface.