Hello Everyone,
We all agree that trading is not easy and it takes time to build that as a skill over a period of time. Traders need to learn and master many things - charts, technicals, understanding of markets and much more to analyse and build their strategies. It often takes months, or even years of learning and practice for a trader to see the fruits of their efforts.
Trading is meant for those and will also work for those who will practice it enough to build it as a skill. And in the same journey, we believe that Dhan is helping users not just to execute their trades but also provide a suite of tools, analytics and information to simplify trading for Indian users.
Whether it’s our best-in-class Charing Experience on Dhan, or our multiple features and integrations with Charts which are tailored to the Indian market, we have always focussed on being innovative and at the same time delivering value to our users. For example, with Iceberg Orders we have solved one of the most challenging aspects for trading in large quantities and similarly over charts - providing Scalper mode for all who want to scalp fast, and not to forget the Seconds Charts that are used by thousands of traders everyday. There is more coming on Dhan across all its platforms.
We designed Dhan Charts specifically for Indian traders, introducing unique timeframes like 25 minutes, 75 minutes, and 125 minutes to align perfectly with market hours, forming complete candles. We also shipped 20-depth Market Data for users on our charting console on tv.dhan.co. Additionally, we’ve studied the most popular technical analysis methods used by Indian traders and built one of the most comprehensive libraries of technical indicators — without any limitations on the number of indicators you can apply to your charts.
Now, we’re taking the next big leap forward. For traders, mastering technical analysis often requires years of dedication, using a combination of multiple indicators to develop effective strategies. Recognizing candlestick patterns and interpreting market sentiment is also a continuous journey of learning and improvement.
We’re taking charting to the next level by introducing: Auto-Detection of Candlestick Patterns on Dhan Charts
You can learn more about who can start using the feature here
Many traders struggle just to remember the names of the various candlestick patterns, let alone master the skill of accurately identifying them. To make life easier for traders, we’ve introduced an auto-detection feature on Dhan Charts. This new functionality automatically identifies common candlestick patterns and highlights them directly on the charts.
This feature is available as an indicator. Simply apply the “Dhan Candlestick Pattern” indicator to any instrument, and it will instantly highlight the candles where recognizable patterns have formed.
That’s not all — you can even customize the indicator to display only ‘Bearish’ or ‘Bullish’ candlestick formations. Additionally, you can select specific patterns you want to see plotted on your charts, giving you complete control over your analysis.
This feature makes trend analysis incredibly simple and spotting potential reversal opportunities effortless. We’ve included over 37 widely recognized candlestick patterns that can be detected on any instrument and timeframe of your choice.
Our goal with this feature is to simplify a Trader’s journey by saving time on pattern detection and enhancing the accuracy of their analysis. We’d love to hear your feedback as we continue to build features with you in mind.
Happy Trading!
– Hardik
Product