Dies ist der Paid Space von TRN-Trading. Sie können nun direkt auf TradingView den Zugang zu seinen/ihren zahlungspflichtigen Inhalten erhalten. Mehr über Paid Space . Harmonic Patterns Scanner Hello Traders!
The Harmonic Patterns Scanner takes the time-consuming search for harmonic patterns completely off your hands. This indicator utilizes a unique swing-based pattern recognition to pinpoint 14 different bullish and bearish harmonic patterns in real-time with unparalleled precision.
The Harmonic Patterns Scanner is designed to operate in a fully automated manner, detecting harmonic patterns in real-time across the symbol and timeframe that you select. It grants you the ability to simultaneously scan for patterns across as many as 20 distinct symbols.
Pattern List (each pattern has a bullish and a bearish version)
Gartley
Bat
Butterfly
Crab
Cypher
Shark
5-0
Feature List
Automatic real-time pattern detection
7 different built-in breakout conditions
Breakout alerts
Customizable pattern size and accuracy
Customizable look and feel
The value of this indicator is to support traders to easily identify harmonic patterns. The trader saves a lot of time scanning the markets for harmonic patterns, since finding the pattern and alerting for a breakout is done automatically for the trader.
For a visualization of the detected patterns, you can add the TRN Harmonic Patterns Suite indicator to your chart.
How does TRN Harmonics Scanner work?
On the right side of the chart, you can find a table displaying the symbols monitored by our scanner for pattern and breakout detection. The table is divided into bullish and bearish patterns and provides information on the status of each symbol.
UP – Upside Breakout
DN – Downside Breakout
UP CONF – Upside Breakout confirmed
DN CONF – Downside Breakout confirmed
FAILED – Pattern failed to get confirmed
If a pattern is in the making or already got confirmed, the scanner displays the name of the harmonic pattern in the table.
The scanner operates specifically on the timeframe you have selected in TradingView, ensuring that the detected patterns and breakouts align precisely with your trading perspective. If the scanner displays a pattern or a breakout, you just can switch to this instrument and start trading it if you like what you see.
Follow these instructions to discover how you can utilize the scanner for seamless and simplified chart pattern detection like never before:
Add Symbols
Go to indicator settings and scroll down to the "Symbols" section. The enabled symbols can be recognized by the check marks. Click on one of them and use the search function to add the symbol of your choice to the scanner. You can search for up to 20 different symbols at the same time.
Use Alerts (Optional but Recommended)
You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is
1. in the making (Pattern active),
2. confirms an up breakout (B/O Up Confirmed)
3. confirms a down breakout (B/O Down Confirmed)
4. (Unconfirmed) in case a pattern breakout occurs, even if the pattern is not yet confirmed
This allows you to stay informed about potential breakout opportunities.
Customization and settings
The indicator can scan for smaller and larger patterns. Adjust the harmonics size in the indicator settings to align them with your preferences. A larger size results in larger patterns. Depending on the asset class, the market or the market phase, different sizes can be used for pattern detection.
To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss.
Breakout Conditions
Identifying breakout conditions is paramount for successfully profiting on chart patterns. Trading tools equipped with diverse breakout conditions offer traders a comprehensive approach to deciphering market trends and making informed decisions.
This section delves into the set of breakout conditions built within the Harmonic Pattern Scanner, exploring their functionalities, applications, and the benefits they provide in the realm of chart pattern recognition.
TRN Bars Signal + Trend
The Harmonic Pattern Scanner includes also the TRN Bars algorithm. It is designed to spot bullish and bearish trends and reversals. The trend analysis is based on a new algorithm that weights several different inputs:
1. classical and advanced bar patterns and their statistical frequency
2. probability distributions of price expansions after certain bar patterns
3. bar information such as wick length in %, overlapping of the previous bar in % and many more
4. historical trend and consolidation analysis
If you use this breakout condition, the breakout is determined by the next signal (reversal, continuation, breakout) or trend change of the TRN bars after one of the harmonic patterns has been completed. These Breakout conditions give you the accurate trend recognition of the TRN Bars to find the perfect entry.
TRN Bars Signal
If a harmonic pattern gets completed and you use this breakout condition, the breakout will be determined by the next confirmed signal (reversal, continuation, breakout) of the TRN Bars. These Breakout Condition delivers signals with reenforced reliability, but they occur not as often as other breakout conditions.
RSI Crossing
With this breakout condition, a breakout for a long position gets determined, when the RSI line crosses above the RSI moving average (MA) after one of the harmonic patterns has been completed. A bearish breakout after a completed harmonic pattern gets determined, when the RSI line crosses below the RSI MA.
You can choose your preferred RSI and MA length in the indicator settings under the “Trade Management” section.
MACD Crossing
If a harmonic pattern gets completed and you use this breakout condition, the breakout gets determined, when the MACD line crosses above the signal line (bullish MACD crossover) for a bullish breakout. Conversely, when the MACD line crosses below the signal line (bearish MACD crossover), a bearish breakout gets determined after a harmonic pattern was completed.
You can choose your preferred MACD length in the indicator settings under the “Trade Management” section.
Swing Flip
Use this breakout condition, if you want a breakout to get determined when the next swing after point D gets detected by the build in swing detection algorithm of TRN Harmonics.
Close Below/Above Last 2 Lows/Highs
With this breakout condition, a breakout for a short position gets determined, if a close below the lows of the last 2 bars gets detected. For a long position, the breakout gets determined if a close above the highs of the last 2 bars gets detected.
Close Below/Above Last 3 Lows/Highs
In this scenario, a short position breakout is confirmed if the price closes below the lows of the previous 3 bars. Conversely, a long position breakout is confirmed if the price closes above the highs of the last 3 bars.
How To Setup Breakout Conditions
Go to indicator settings and choose one of our built-in breakout conditions under the section "Trade Management" of the menu item "Inputs", like for example TRN Bars Signal + Trend. A selection of 7 distinct breakout conditions is at your disposal.
Computation Details
The real-time detection of the harmonic patterns utilizes a unique swing-based pattern recognition. The difference to other swing-based computations is that the pivot points are identified without a look-ahead value. The result is a faster and better real-time detection. The tolerance level unites several internal parameters into one and results in a user-friendly setting.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
Head and Shoulders Pattern Hello Traders!
The Head and Shoulders Pattern indicator utilizes a unique swing-based pattern recognition to pinpoint head and shoulders patterns in real-time with unparalleled precision.
The head and shoulders chart pattern is a technical analysis pattern used to identify potential trend reversals in financial markets. It consists of three swing highs (peaks), with the middle peak being the highest and the two outside swing highs being slightly lower. The middle peak is referred to as the "head" and the two outside peaks are referred to as the "shoulders."
The pattern typically forms after an uptrend and is in most cases a bearish signal. The neckline is a support level that connects the lows of the two shoulders. Once the price breaks below the neckline, the pattern is confirmed, and a new down trend starts. Conversely, an "inverse head and shoulders" pattern forms after a downtrend and is a bullish signal.
Feature List
Real-time pattern detection
Visualization of entry, stop-loss and take-profit levels
Pattern performance statistics
Calculation of risk-rewards ratio
Risk Management
Breakout alerts
Customizable pattern size and accuracy
Customizable look and feel
The value of this indicator is to support traders to easily identify the Head and Shoulders pattern in an automated way. The special swing-based pattern recognition and the numerous built-in premium features make this indicator unique. The trader saves a lot of time scanning the markets for head and shoulders patterns, since everything is done automatically for the trader: Finding the pattern, looking and alerting for a breakout, computing the entry, stop loss and take profit levels as well as handling the risk management and computing the optimal order quantity.
How to Trade with the TRN Head and Shoulders Indicator
Identify the Pattern
Add the Head and Shoulders Pattern Indicator to your chart and look for the pattern on the asset and timeframe of your choice. The pattern is detected in real-time. If the pattern develops further in the next bars, then the indicator updates the pattern accordingly until a breakout is confirmed or the pattern becomes invalid.
You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is
1. in the making (Pattern active),
2. confirms an up breakout (B/O Up Confirmed)
3. confirms a down breakout (B/O Down Confirmed)
4. (Unconfirmed) in case a pattern breakout occurs, even if the pattern is not yet confirmed
This allows you to stay informed about potential breakout opportunities that are still awaiting confirmation.
Check Pattern Statistics
The pattern statistics make it easy for you to see how successful a pattern is on the asset and timeframe you are watching. You should always check the statistics before entering a trade. The chart displays the statistics in the upper right corner. These statistics are categorized into two sections: "long" for inverse head and shoulders patterns and "short" for head and shoulders patterns.
In the initial columns, labeled as "short" and "long", the identified breakouts are further divided based on whether the risk-reward ratio (R) is below a specified value (< x) or equal to/greater than the specified value (>= x). The following columns represent the count of the events:
1. Occ. (Occurrence) categorized according to the values of R from the first column
2. TP1, TP2, TP3 (Take Profit) - targets 1, 2 and 3
3. SL (Stop Loss)
4. T/O (Time Out) - neither stop loss or targets where hit in a certain amount of time
Breakout – Entry, Stop Loss and Targets
The indicator automatically displays the entry price line (EP) in grey at the point where the price breaks through the neckline, indicating a breakout. Once a breakout has been confirmed, place a buy order near the EP level for a long position, or a sell order for a short position. Set your stop-loss at the price level of the red stop-loss line (SL) and set your take-profits at the price level of the green take-profit-lines (TP1, TP2, TP3).
Risk Management
The Head and Shoulders Pattern Indicator comes with a built-in risk management feature. Just go to the settings and scroll down to the section "Risk Management". Here you can enter your Account Size and the percentage you want to Risk when you enter a position after a pattern breakout.
In the "Trade Management" section, you have the option to define the minimum accepted risk-reward ratio for confirmed rectangles. This means that breakouts of patterns failing to meet the minimum risk-reward ratio will not be considered as confirmed signals. If a breakout gets confirmed, the indicator automatically calculates the position size (Quantity). You can read the quantity from the gray entry point line (EP), which is located to the right of the risk-reward ratio (R). Note that your risk-reward ratio (R) is calculated based on TP1.
Customization and Settings
The indicator can scan for smaller and larger patterns at the same time. Adjust the Head and Shoulders Sizes in the indicator settings to align them with your preferences. A larger size results in larger patterns. Depending on the asset class, the market or the market phase, different sizes should be used for the Head and Shoulders pattern detection.
To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss. Look for a tolerance level that leads to favorable statistics and focus on trading patterns with a proven performance history.
Finally, you have the flexibility to customize various visual elements, such as the color of the pattern and whether to display values like price, target, or risk-reward ratio on your chart. You can also choose where these values appear.
Computation Details
The real-time detection of the Head and Shoulders Pattern Indicator utilizes a unique swing-based pattern recognition. The difference to other swing-based computations is that the pivot points are identified without a look-ahead value. The result is a faster and better real-time detection. Furthermore, the detection of the ratios between the single swings is based on a dynamic volatility measurement similar to the ATR. The tolerance level unites several internal parameters into one and results in a user-friendly setting.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
Harmonic Patterns Suite Hello Traders!
This indicator takes the time-consuming search for harmonic patterns completely off your hands. TRN Harmonics utilizes a unique swing-based pattern recognition to pinpoint 14 different harmonic patterns in real-time with unparalleled precision.
Pattern List (each pattern has a bullish and a bearish version)
Gartley
Bat
Butterfly
Crab
Cypher
Shark
5-0
Feature List
Real-time harmonic pattern detection
7 different built-in breakout conditions
Visualization of entry, stop-loss and take-profit levels
Pattern performance statistics
Calculation of risk-rewards ratio
Risk Management
Breakout alerts
Customizable pattern size and accuracy
Customizable look and feel
The value of this indicator is to support traders to easily identify harmonic patterns in an automated way. The special swing-based pattern recognition and the numerous built-in premium features make this indicator unique. The trader saves a lot of time scanning the markets for harmonic patterns, since everything is done automatically for the trader: Finding the pattern, looking and alerting for a breakout, computing the entry, stop loss and take profit levels as well as handling the risk management and computing the optimal order quantity.
How to Trade with the Harmonic Patterns Suite
Identify the Pattern
Add the Harmonic Patterns Suite to your chart and look for patterns on the asset and timeframe of your choice. The patterns are detected in real-time. If a pattern develops further in the next bars, then the indicator updates the pattern accordingly until a breakout is confirmed or the pattern becomes invalid.
You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is
1. in the making (Pattern active),
2. confirms an up breakout (B/O Up Confirmed)
3. confirms a down breakout (B/O Down Confirmed)
4. (Unconfirmed) in case a pattern breakout occurs, even if the pattern is not yet confirmed
This allows you to stay informed about potential breakout opportunities that are still awaiting confirmation.
Check Pattern Statistics
The pattern statistics make it easy for you to see how successful a pattern is on the asset and timeframe you are watching. You should always check the statistics before entering a trade. The chart displays the statistics in the upper right corner. These statistics are categorized into two sections: "long" for patterns with an upward breakout and "short" for patterns with a downward breakout.
In the initial columns, labeled as "short" and "long", the identified breakouts are further divided based on the different harmonic patterns. The following columns represent the count of the events:
1. Occ. (Occurrence) categorized according to the values of R from the first column
2. TP1, TP2 (Take Profit) - targets 1 und 2
3. SL (Stop Loss)
4. T/O (Time Out) - neither stop loss or targets where hit in a certain amount of time
Breakout – Entry, Stop Loss and Targets
The indicator automatically displays the entry price line (EP) in grey at the point where the breakout got detected. Once a breakout has been confirmed, place a buy order near the EP level for a long position, or a sell order for a short position. Set your stop-loss at the price level of the red stop-loss line (SL) and set your take-profits at the price level of the green take-profit-lines (TP1, TP2).
Risk Management
The Harmonic Patterns Suite comes with a built-in risk management feature. Just go to the settings and scroll down to the section "Risk Management". Here you can enter your Account Size and the percentage you want to Risk when you enter a position after a pattern breakout.
In the "Trade Management" section, you have the option to define the minimum accepted risk-reward ratio for confirmed harmonic patterns. This means that breakouts of patterns failing to meet the minimum risk-reward ratio will not be considered as confirmed signals. If a breakout gets confirmed, the indicator automatically calculates the position size (Quantity). You can read the quantity from the gray entry point line (EP), which is located to the right of the risk-reward ratio (R). Note that your risk-reward ratio (R) is calculated based on TP1.
Customization and settings
The indicator can scan for smaller and larger patterns at the same time. Adjust the harmonics size in the indicator settings to align them with your preferences. A larger size results in larger consolidations. Depending on the asset class, the market or the market phase, different sizes can be used for pattern detection.
To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss. Look for a tolerance level that leads to favorable statistics and focus on trading patterns with a proven performance history.
Finally, you have the flexibility to customize various visual elements, such as the color of the pattern and whether to display values like price, target, or risk-reward ratio on your chart. You can also choose where these values appear.
Breakout Conditions
Identifying breakout conditions is paramount for successfully recognizing and capitalizing on chart patterns. Trading tools equipped with diverse breakout conditions offer traders a comprehensive approach to deciphering market trends and making informed decisions.
This section delves into the set of breakout conditions built within TRN Harmonics, exploring their functionalities, applications, and the benefits they provide in the realm of chart pattern recognition.
TRN Bars Signal + Trend
The Harmonics Pattern Suite includes also the TRN Bars algorithm. It is designed to spot bullish and bearish trends and reversals. The trend analysis is based on a new algorithm that weights several different inputs:
1. classical and advanced bar patterns and their statistical frequency
2. probability distributions of price expansions after certain bar patterns
3. bar information such as wick length in %, overlapping of the previous bar in % and many more
4. historical trend and consolidation analysis
If you use this breakout condition, the breakout is determined by the next signal (reversal, continuation, breakout) or trend change of the TRN bars after one of the harmonic patterns has been completed. These Breakout conditions give you the accurate trend recognition of the TRN Bars to find the perfect entry.
TRN Bars Signal
If a harmonic pattern gets completed and you use this breakout condition, the breakout will be determined by the next confirmed signal (reversal, continuation, breakout) of the TRN Bars. These Breakout Condition delivers signals with reenforced reliability, but they occur not as often as other breakout conditions.
RSI Crossing
With this breakout condition, a breakout for a long position gets determined, when the RSI line crosses above the RSI moving average (MA) after one of the harmonic patterns has been completed. A bearish breakout after a completed harmonic pattern gets determined, when the RSI line crosses below the RSI MA.
You can choose your preferred RSI and MA length in the indicator settings under the “Trade Management” section.
MACD Crossing
If a harmonic pattern gets completed and you use this breakout condition, the breakout gets determined, when the MACD line crosses above the signal line (bullish MACD crossover) for a bullish breakout. Conversely, when the MACD line crosses below the signal line (bearish MACD crossover), a bearish breakout gets determined after a harmonic pattern was completed.
You can choose your preferred MACD length in the indicator settings under the “Trade Management” section.
Swing Flip
Use this breakout condition, if you want a breakout to get determined when the next swing after point D gets detected by the build in swing detection algorithm of TRN Harmonics.
Close Below/Above Last 2 Lows/Highs
With this breakout condition, a breakout for a short position gets determined, if a close below the lows of the last 2 bars gets detected. For a long position, the breakout gets determined if a close above the highs of the last 2 bars gets detected.
Close Below/Above Last 3 Lows/Highs
In this scenario, a short position breakout is confirmed if the price closes below the lows of the previous 3 bars. Conversely, a long position breakout is confirmed if the price closes above the highs of the last 3 bars.
How To Setup Breakout Conditions
Go to indicator settings and choose one of our built-in breakout conditions under the section "Trade Management" of the menu item "Inputs", like for example TRN Bars Signal + Trend. A selection of 7 distinct breakout conditions is at your disposal.
If you use the default settings of the Harmonic Patterns Suite, TRN Bars Signal + Trend will be the breakout condition for the detected harmonic patterns.
Computation Details
The real-time detection of the harmonic patterns utilizes a unique swing-based pattern recognition. The difference to other swing-based computations is that the pivot points are identified without a look-ahead value. The result is a faster and better real-time detection. Furthermore, the detection of the ratios between the single swings is based on a dynamic volatility measurement similar to the ATR. The tolerance level unites several internal parameters into one and results in a user-friendly setting.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
Consolidation and Range Pattern Hello Traders!
The TRN Consolidation and Range Pattern indicator utilizes a unique swing-based pattern recognition to pinpoint consolidation zones in real-time with unparalleled precision. The rectangle pattern, also known as a trading range or a consolidation pattern, is characterized by horizontal lines that act as support and resistance levels, creating a rectangular shape.
The value of this indicator is to support traders to easily identify consolidations and ranges. The special swing-based pattern recognition and the numerous built-in premium features make this indicator unique. Below, you'll find a list of these features.
Feature List
Real-time consolidation/range detection
Visualization of entry, stop-loss and take-profit levels
Pattern performance statistics
Calculation of risk rewards ratio
Risk Management
Breakout alerts
Customizable pattern size and accuracy
Customizable look and feel
The trader saves a lot of time scanning the markets for consolidation patterns, since everything is done automatically for the trader: Finding the consolidation, looking and alerting for a breakout, computing the entry, stop loss and take profit levels as well as handling the risk management and computing the optimal order quantity. Now, we describe how a combination of these features enhances the trading performance of confirmed consolidation patterns.
How to Trade with the TRN Consolidation and Range Pattern
Identify the Pattern
Add the TRN Consolidation and Range Pattern to your chart and look for the pattern on the asset and timeframe of your choice. The pattern is detected in real-time. If the pattern develops further in the next bars, then the indicator updates the consolidation zone until a breakout is confirmed.
You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is in the making (Pattern active), confirms a breakout to the upside (B/O Up Confirmed) or confirms a breakout to the downside (B/O Down Confirmed). By selecting the "Unconfirmed" option, you will receive notifications when a pattern breakout occurs, even if it is not yet confirmed. This allows you to stay informed about potential breakout opportunities that are still awaiting confirmation.
Check Pattern Statistics
The pattern statistics make it easy for you to see how successful a pattern is on the asset and timeframe you are watching. You should always check them out before entering a trade. The chart displays the statistics in the upper right corner. These statistics are categorized into two sections: "long" for patterns with an upward breakout and "short" for patterns with a downward breakout.
In the initial columns, labeled as "short" and "long", the identified breakouts are further divided based on whether the risk-reward ratio (R) is below a specified value (< x) or equal to/greater than the specified value (>= x). The following columns represent the count of the events:
1. Occ. (Occurrence) categorized according to the values of R from the first column
2. TP1, TP2, TP3 (Take Profit) - targets 1, 2 and 3
3. SL (Stop Loss)
4. T/O (Time Out) - neither stop loss or targets where hit in a certain amount of time
Breakout – Entry, Stop Loss and Targets
The indicator automatically displays the entry price line (EP) in grey et the point where the price breaks through the resistance or support levels, indicating that the consolidation period is over. Once a breakout has been confirmed, place a buy order near the EP level for a long position, or a sell order for a short position. Set your stop-loss at the price level of the red stop-loss line (SL) and set your take-profits at the price level of the green take-profit-lines (TP1, TP2, TP3). Note that your risk-reward ratio (R) was calculated based on TP1.
Risk Management
The TRN Consolidation and Range Pattern comes with a built-in risk management feature. Just go to the settings and scroll down to the section "Risk Management".
Here you can enter your Account Size and the percentage you want to Risk when you enter a position after a pattern breakout.
In the "Trade Management" section, you have the option to define the minimum accepted risk-reward ratio for confirmed rectangles. This means that breakouts of patterns failing to meet the minimum risk-reward ratio will not be considered as confirmed signals.
If a breakout gets confirmed, the indicator automatically calculates the position size (Quantity). You can read the quantity from the gray entry point line (EP), which is located to the right of the risk-reward ratio (R).
Customization and Settings
The indicator can scan for smaller and larger patterns at the same time. Adjust the consolidation sizes in the indicator settings to align them with your preferences. A larger size results in larger consolidations. Depending on the asset class, the market or the market phase, different sizes can be used for the consolidation detection.
To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss. Look for a tolerance level that leads to favorable statistics and focus on trading patterns with a proven performance history.
Finally, you have the flexibility to customize various visual elements, such as the color of the pattern and whether to display values like price, target, or risk-reward ratio on your chart. You can also choose where these values appear.
Computation Details
The real-time detection of the consolidations and ranges utilizes a unique swing-based pattern recognition. The difference to other swing-based computations is that the pivot points are identified without a look-ahead value. The result is a faster and better real-time detection. Furthermore, the detection of equal lows or highs which form a support or resistance level is based on a dynamic volatility measurement similar to the ATR. The tolerance level unites several internal parameters into one and results in a user-friendly setting.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
Consolidation & Head and Shoulders Scanner Hello Traders!
The Consolidation & Head and Shoulders Scanner utilizes a unique swing-based pattern recognition to pinpoint consolidation and (inverse) head and shoulders patterns in real-time with unparalleled precision.
The rectangle pattern, also known as a trading range or a consolidation pattern, is characterized by horizontal lines that act as support and resistance levels, creating a rectangular shape.
The head and shoulders chart pattern is a technical analysis pattern used to identify potential trend reversals in financial markets. It consists of three swing highs (peaks), with the middle peak being the highest and the two outside swing highs being slightly lower. The middle peak is referred to as the "head" and the two outside peaks are referred to as the "shoulders."
The pattern typically forms after an uptrend and is in most cases a bearish signal. The neckline is a support level that connects the lows of the two shoulders. Once the price breaks below the neckline, the pattern is confirmed, and a new down trend starts. Conversely, an "inverse head and shoulders" pattern forms after a downtrend and is a bullish signal.
The Consolidation & Head and Shoulders Scanner is designed to operate in a fully automated manner, detecting consolidation patterns, head and shoulders patterns and inverse head and shoulders patterns across the symbol and timeframe that you select. It grants you the ability to simultaneously scan for patterns across as many as 20 distinct symbols.
Feature List
Real-time consolidation and (inverse) head and shoulders pattern detection
Breakout alerts
Customizable pattern size and accuracy
Customizable look and feel
The value of this indicator is to support traders to easily identify consolidations and (inverse) head and shoulders patterns in an automated way and across many different markets at the same time. The special swing-based pattern recognition makes this indicator unique. The trader saves a lot of time scanning the markets for consolidation and head and shoulders patterns, since finding the pattern and alerting for a breakout is done automatically for the trader.
For a visualization of the detected patterns, you can add the TRN Consolidation and Range Pattern and the TRN Head and Shoulders Pattern indicators to your chart.
How does Consolidation & Head and Shoulders Scanner work?
On the right side of the chart, you can find a table displaying the symbols monitored by our scanner for pattern and breakout detection (first column). The table provides information on the status of each symbol.
ACTIVE – Pattern building up
UP – Upside Breakout
DN – Downside Breakout
UP CONF – Upside Breakout confirmed
DN CONF – Downside Breakout confirmed
FAILED – Pattern failed to get confirmed
This visual representation allows you to quickly identify the evolving pattern dynamics across different symbols, helping you stay informed and make timely trading decisions.
In the second and fifth column, the status of consolidation patterns with two different consolidation sizes gets displayed. In the third and fourth column, the status of detected long and short head and shoulders patterns is displayed. The same goes for column seven and eight but with a different head and shoulders size which is customizable in the settings.
The scanner operates specifically on the timeframe you have selected in TradingView, ensuring that the detected patterns and breakouts align precisely with your trading perspective. F If the scanner displays a pattern or a breakout, you just can switch to this instrument and start trading it if you like what you see.
Follow these instructions to discover how you can utilize the scanner for seamless and simplified chart pattern detection like never before:
Add Symbols
Go to indicator settings and scroll down to the "Symbols" section. The enabled symbols can be recognized by the check marks. Click on one of them and use the search function to add the symbol of your choice to the scanner. You can search for up to 20 different Symbols at the same time.
Use Alerts (optional but recommended)
You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is
in the making (Pattern active),
confirms an up breakout (B/O Up Confirmed)
confirms a down breakout (B/O Down Confirmed)
(Unconfirmed) in case a pattern breakout occurs, even if the pattern is not yet confirmed
This allows you to stay informed about potential breakout opportunities that are still awaiting confirmation.
Customization and Settings
The indicator can scan for smaller and larger patterns at the same time. Adjust the consolidation and head and shoulders sizes in the indicator settings to align them with your preferences. A larger size results in larger patterns. Depending on the asset class, the market or the market phase, different sizes can be used for pattern detection.
To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
ABC Pattern Pro Hello Traders!
ABC corrections (also known as 1-2-3 patterns, swing retracements, or three-point pullbacks) are one of the most frequent and tradeable structures in any market. ABC Pattern Pro automatically detects these Fibonacci-validated correction patterns for both long and short setups, marks the entry bar with a visual signal, and provides structured stop loss and target levels directly on your chart.
Strategy
The ABC pattern is a three-point correction structure: an impulsive move (A to B), a Fibonacci retracement (B to C), and a continuation in the original direction. This is the same structure traders know as the 1-2-3 reversal, the swing pullback entry, or the corrective wave in Elliott Wave theory.
The trading strategy is straightforward:
Wait for the indicator to detect and draw a valid ABC pattern on your chart
The entry signal (triangle marker) appears on the bar that confirms the entry condition
Enter at the next bar's open in the direction of the original impulse (A→B)
Stop loss is placed at point A — if price returns there, the ABC structure is invalidated
Take profit is calculated automatically based on your chosen target method
The indicator validates every pattern against Fibonacci retracement criteria and optionally filters for time symmetry between the impulse and correction legs. This ensures you're only trading well-formed corrections with defined risk, not chasing random swing points.
Key Features
Dual-Layer Detection
Run two independent detection layers simultaneously with different swing sizes. The smaller size captures short-term ABC patterns, while the larger size identifies broader correction structures. Both layers operate concurrently, each with its own color scheme, so you can see patterns forming across multiple scales at once.
Fibonacci Retracement Validation
Every detected pattern is validated against a configurable Fibonacci retracement range. The C point must retrace a defined percentage of the AB leg — by default between 50% and 88.6%. The nearest Fibonacci level (38.2%, 50%, 61.8%, 78.6%, or 88.6%) is displayed at point C, giving you immediate context for the depth of the correction.
Entry Signal Markers
A triangle marker appears below (long) or above (short) the bar that confirms the entry condition. This gives you a clear, unambiguous visual signal that the pattern is ready to trade on the next bar's open.
Time Symmetry Filter
An optional filter ensures that the BC leg duration is proportionate to the AB leg duration. This removes patterns where the correction takes disproportionately long or short relative to the impulse move, improving overall pattern quality.
Flexible Entry Methods
Choose between two entry methods:
Retracement Entry: Triggers when price retraces a configurable percentage of the BC leg from C back toward B. Provides earlier entries while the correction is resolving.
Bar Confirmation: Triggers when price closes beyond the high (for longs) or low (for shorts) of the bar where point C was confirmed. Provides more conservative, momentum-confirmed entries.
Three Target Calculation Methods
Fixed Risk Reward: Set a fixed risk-to-reward ratio applied to the distance between entry and stop loss.
AB Projection: Project a percentage of the AB leg from point C as the target. 100% replays the full impulse leg.
Reciprocal Ratio: The target is automatically calculated based on the Fibonacci depth of point C — deeper retracements produce more conservative targets, shallower retracements produce more ambitious targets.
Built-In Trade Statistics
A statistics table tracks every pattern outcome historically — showing total occurrences, win rate, loss rate, expired trades, and cumulative R for both long and short directions. Use this to evaluate how the indicator performs on your preferred instrument and timeframe before committing real capital.
How to Use ABC Pattern Pro
When the indicator detects a valid ABC pattern, it draws the A-B-C structure with connecting lines and a filled triangle on the chart. An entry line extends from point C showing where the entry level sits. Once the entry condition is met, a triangle marker appears on the bar confirming the signal, and the indicator draws entry, stop loss, and target levels that extend and track the trade outcome.
Start with the default settings (Size 1: 7, Size 2: 14) and observe the patterns detected on your chart. If you trade smaller timeframes and want more frequent patterns, reduce the swing sizes. For higher timeframe swing trading, increase them.
The stop loss is placed at point A — the origin of the impulse move. If price returns to A, the ABC structure is invalidated. Select a target method that fits your style: Fixed Risk Reward for simplicity, AB Projection for measured-move trading, or Reciprocal Ratio for Fibonacci-based targeting.
Check the statistics table to understand the historical performance profile on your specific instrument and timeframe before adjusting parameters.
What Makes This Different
Unlike basic zigzag or ABC indicators that simply connect swing points, this indicator applies a structured validation framework to every pattern. The Fibonacci retracement range filter, time symmetry analysis, and multi-layer detection work together to reduce false positives and surface only patterns that meet defined quality criteria. The built-in trade management with three distinct target methods and live statistics tracking turns pattern detection into a complete analytical process — from identification through execution to outcome measurement.
Key Settings
Size 1 / Size 2 — Swing sizes for pattern detection. Smaller values detect smaller, more frequent patterns. Larger values detect broader structures. Default: 7 / 14
Retracement Min / Max — The valid Fibonacci retracement range for point C relative to the AB leg. Default: 50% – 88.6%
Time Symmetry — When enabled, filters out patterns where the BC duration is disproportionate to AB. Default: Off
Entry Method — Choose between Retracement Entry (earlier, level-based) or Bar Confirmation (later, momentum-based). Default: Bar Confirmation
Entry Retracement % — For Retracement Entry: how far price must retrace from C toward B to trigger entry. Default: 38%
Target Type — Fixed Risk Reward, AB Projection, or Reciprocal Ratio. Default: Fixed Risk Reward (2R)
Trade Directions — Long + Short, Long Only, or Short Only. Default: Long + Short
All visual elements (colors, line styles, widths, fill transparency) are fully customizable.
ABC Pattern Pro provides a structured, repeatable framework for trading ABC corrections, 1-2-3 reversals, and Fibonacci swing retracements across all markets and timeframes.
Wedge Pattern Pro Hello Traders!
Overview
Wedge patterns are among the most reliable chart formations in technical analysis, yet identifying them manually requires constant trendline drawing and subjective judgement about whether two converging lines truly form a valid wedge. The TRN Wedge Pattern indicator automates the detection of rising and falling wedges using a proprietary swing-based converging trendline analysis — delivering real-time pattern identification with automatic entry, stop loss, and take profit levels.
The indicator runs up to four concurrent detection sizes simultaneously, identifying wedge formations across multiple scales on a single chart. When a wedge breaks out, the indicator automatically computes entry, stop loss, and take profit levels, displays them on the chart, and tracks their outcome in a built-in statistics table. This gives traders a complete, structured framework for trading wedges — from pattern detection to trade evaluation.
What It Detects
The indicator identifies two core wedge types:
Rising Wedge
Forms when price makes higher highs and higher lows within converging trendlines
The lower trendline rises more steeply than the upper trendline, indicating weakening buying momentum
Classic breakout direction is downward (bearish)
Falling Wedge
Forms when price makes lower highs and lower lows within converging trendlines
The upper trendline falls more steeply than the lower trendline, indicating weakening selling momentum
Classic breakout direction is upward (bullish)
Detection is based on swing-based slope analysis of converging trendlines. The indicator uses a proprietary algorithm to compute slope relationships between swing highs and swing lows, validates convergence geometry, and filters for steepness and duration constraints — ensuring that only structurally valid wedges are identified. The trendlines are not drawn once and left static. As new swing points form within an active pattern, the trendlines dynamically update to reflect the best-fit converging lines, producing cleaner and more accurate wedge boundaries as the pattern evolves.
Feature List
Quad-size detection
Three target calculation modes
Reverse breakout support
Visualization of entry, stop-loss and take-profit levels
Pattern performance statistics
Calculation of risk-reward ratio
Breakout alerts
Customizable detection sizes and pattern length
Customizable look and feel
Quad-Size Detection
Unlike most wedge indicators that operate on a single detection scale, TRN Wedge Pattern runs up to four independent detection layers simultaneously. Each detection layer has its own swing sensitivity (Size) and maximum pattern length (Max Length), allowing traders to scan for micro wedges and macro wedges on the same chart at the same time. Each detection size is rendered in its own color — from subtle to prominent — so traders can instantly distinguish between small, emerging patterns and large structural formations. Detection sizes must be entered in ascending order. This multi-scale approach means a small wedge completing inside a larger wedge is visible on the same chart, providing context that single-scale detectors miss entirely.
snapshot
Breakout Targeting
Once a wedge breakout is confirmed — when price closes beyond the trendline boundary — the indicator automatically calculates and displays entry, stop loss, and take profit levels. The stop loss is placed at the most recent swing extreme opposite to the trade direction. The take profit is determined by one of three target calculation modes:
Fixed Risk Reward: Uses a configurable risk-reward multiplier (default 2.0) applied to the distance between entry and stop loss. For example, with a 2R target, if the risk is 50 points, the target is 100 points from entry.
Pattern Height: Uses the full height of the wedge pattern measured from its widest point. This mode ties the target directly to the pattern's geometry — larger wedges produce larger targets.
Max (Fixed RR, Pattern Height): Uses the larger of the two calculations, ensuring the target is at least as large as the fixed risk-reward but can be larger if the pattern's height exceeds it.
Reverse Breakout
Classic wedge theory predicts that a rising wedge breaks down and a falling wedge breaks up. But experienced traders know that wedge failures happen — and those failures are themselves tradeable setups. The optional reverse breakout mode enables trading in the opposite direction of the expected breakout. When activated, a rising wedge breaking upward or a falling wedge breaking downward also generates a trade signal with its own entry, stop loss, and target levels. The statistics table tracks reverse breakout performance separately, so traders can evaluate whether these counter-setups are profitable on their specific instrument and timeframe.
Pattern Performance Statistics
The built-in statistics table tracks historical pattern performance in real-time. For each trade direction (long, short, reverse long, reverse short), the table displays the number of occurrences, win rate, loss rate, expired trades (timeout), and cumulative R — the total risk-adjusted return across all trades. This allows traders to evaluate whether wedge patterns actually produce an edge on the asset and timeframe they are watching, rather than relying on theoretical expectations. The table supports Dark and Light theme presets and is fully customizable in position, text size, and styling.
How to Trade with this Indicator
Identify the Pattern
Add the TRN Wedge Pattern to your chart and look for wedge formations on the asset and timeframe of your choice. Wedges are detected in real-time. As the pattern develops, the indicator dynamically updates the trendlines until a breakout occurs or the pattern becomes invalid. You can use the built-in alerts to get notified when a breakout happens.
Check Pattern Statistics
Before entering a trade, check the statistics table. It shows how successful wedge breakouts have been historically on the asset and timeframe you are watching. If rising wedge breakdowns have a strong win rate but falling wedge breakouts do not, you can adjust your trade direction filter accordingly.
Breakout — Entry, Stop Loss and Target
When a breakout is confirmed, the indicator displays the entry price line (EP), stop loss line (SL), and take profit line (TP) directly on the chart. The entry is at the next bar open after the breakout candle closes beyond the wedge boundary. Set your stop-loss at the SL level and your take-profit at the TP level. The risk-reward ratio is displayed on the entry label.
Detection Sizing
Adjust the four detection sizes to match your trading style. Smaller swing sizes (e.g. 7) detect frequent, shorter-duration wedges suited for intraday trading. Larger swing sizes (e.g. 21–35) detect structural patterns more suited for swing or position trading. Each detection size has an independent Max Length setting that limits how far back in bars the pattern can extend.
Alerts
Rising Wedge Breakout (Short) — classic rising wedge breaking down
Falling Wedge Breakout (Long) — classic falling wedge breaking up
Rising Wedge Reverse Breakout (Long) — rising wedge breaking upward
Falling Wedge Reverse Breakout (Short) — falling wedge breaking downward
Any Classic Wedge Breakout — any breakout in the expected direction
Any Wedge Breakout — any breakout in any direction
What Makes This Indicator Unique
Standard wedge detection tools typically use fixed lookback windows and detect only one pattern scale at a time. TRN Wedge Pattern takes a fundamentally different approach: four independent detection layers run concurrently with proprietary swing-based trendline analysis that dynamically refines pattern boundaries as new data arrives. The result is more precise wedge detection across multiple timeframe scales simultaneously. The addition of reverse breakout tracking and per-direction performance statistics provides a level of analytical depth that goes beyond basic pattern detection — enabling traders to make data-driven decisions about which wedge setups are worth trading on their specific instrument.
Key Settings
Detection Sizes 1–4: Swing sensitivity for each detection layer. Must be in ascending order. Each size has an independent Max Length to limit pattern duration. Defaults: 7, 14, 21, 35.
Trade Directions: Filter for Long + Short, Long Only, or Short Only.
Target Type: Fixed Risk Reward, Pattern Height, or Max of both. Default: Fixed Risk Reward at 2.0R.
Reverse Breakout: Enable to also detect and manage breakouts in the non-classic direction. Includes independent target type for reverse trades. Default: Off.
Log Scale: Enable for correct slope calculations on instruments with large price ranges. Recommended for most assets. Default: On.
Trade Timeout: Maximum trade duration in bars. If neither target nor stop loss is reached within this window, the trade counts as expired in the statistics. Default: 500 bars.
All visual elements — pattern fill colors, outline styles, line widths, trade visualization colors, and statistics table styling — are fully customizable.
Designed to provide a structured, data-driven framework for trading one of the most established patterns in technical analysis.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
ABC Pattern Scanner Tracking ABC pattern setups by hand means flipping through chart after chart. The cleanest entry usually forms on the symbol you weren't watching. This scanner ends that. It monitors up to 20 instruments at once. You stop missing setups. Your watchlist runs itself.
What the ABC Pattern Scanner Does
Runs the same Fibonacci-validated detection used for individual ABC patterns. Now across your entire watchlist. In real time. Built on a proprietary swing engine for clean, structurally sound pattern recognition. Each candidate moves through its full lifecycle: forming, triggered, confirmed, or invalidated. Built for swing and price-action traders who trade pullbacks. The ones who cannot watch twenty charts at once.
What You Get
No more missed setups — The scanner watches up to 20 markets at once. Every active ABC on your watchlist shows up in the table.
Clean signal quality — A proprietary swing engine surfaces structurally sound ABC patterns. Less noise. Fewer false positives.
Hands-off monitoring — Set it up once. Enable alerts. Walk away. You're notified the moment a pattern triggers or confirms.
Coverage across markets — Futures, FX, crypto, equities, indices. Anything TradingView supports.
Ready-to-execute signals — Every confirmed entry comes with entry price, stop, target, and risk-reward. Or fire JSON to TradersPost and let your broker handle it.
One screen, one decision — Scan the table top-down. Open the chart that matters. Take the trade.
What It Scans For
Long ABC patterns — bullish pullbacks that resolve in the trend direction
Short ABC patterns — bearish pullbacks that resolve lower
Retracement-validated setups — only pullbacks inside your chosen Fibonacci range
Optional second detection scale — a larger swing size in parallel for structural pullbacks
Confirmed and unconfirmed entries — early triggers and close-validated entries, tracked separately
Full Pattern Lifecycle, Color-Coded
Most screeners answer one question: is the pattern there right now? This scanner tracks every state:
ACTIVE — A three-point structure has formed. Waiting for entry.
UP / DN — Price has crossed the entry trigger. Not yet confirmed.
UP CONF / DN CONF — Next bar confirms with a follow-through close. Entry.
FAILED — The structure breaks before entry triggers.
Each state has its own cell color. You see what's setting up next, not only what's already moved. No surprise entries.
Dual-Layer Detection
Activate the second detection scale. The table grows two extra columns:
Smaller scale — captures intraday ABCs and faster setups
Larger scale — captures the broader swing structure
Both layers run concurrently. You see intraday and higher-timeframe ABCs side by side. When both align, you know it. No mental gymnastics, no second scanner.
Built on a Proprietary Swing Engine
Detection is only as good as the underlying swing logic. This scanner runs on a proprietary swing engine purpose-built for structural pattern recognition. The result: high detection accuracy on clean ABC structures, precision swing points, and patterns that match what a discretionary chartist would mark by hand.
Every candidate passes three validation filters on top of that:
Fibonacci retracement range — Point C must retrace a configurable percentage of the AB leg (50% to 88.6% by default). Outside the range, the pattern is rejected.
Optional time symmetry filter — Rejects patterns where BC duration is disproportionate to AB.
Swing-structure integrity — Invalidates the pattern the moment the underlying geometry breaks.
What survives is not "anything that looks like three points." It's corrections that pass a discretionary trader's quality bar. You skip the noise and trade the structurally sound setups.
Webhook-Ready Execution
Every confirmed entry can fire a TradersPost-compatible JSON alert. Full trade package included:
Entry price, stop level, take-profit target
Risk/reward ratio
Auto-computed position size from account size and per-trade risk %
Three target methods are available: Fixed Risk Reward , AB Projection , or Reciprocal Ratio . The alert payload matches your preferred target methodology. No downstream logic needed. You stop watching the table. The trades route themselves.
How to Use This Scanner
Load your watchlist into the symbol slots.
Choose your trade direction: long, short, or both.
Set the retracement window that defines a valid pullback for your style.
Pick an entry method — bar-close confirmation, or a defined retracement level.
Watch the table for cells advancing to the confirmed-entry state.
Drop to that chart. Manage the trade with the calculated entry, stop, and target.
Works on any timeframe. Intraday and swing horizons both benefit. The second detection scale catches structural pullbacks rather than minor ones.
What Makes This Different
Most ABC and 1-2-3 screeners stop at "pattern detected — yes or no." This one goes further in four ways:
Full lifecycle tracking — Surfaces patterns from formation through confirmation or invalidation. You see what's setting up next, not just what's already triggered.
Concurrent dual-layer detection — Two swing scales run at once. Monitor intraday and swing-scale ABCs without splitting attention.
Proprietary swing engine — Purpose-built for structural pattern recognition. Precision swing points and Fibonacci-validated filtering applied across an entire watchlist.
Webhook-ready execution — Confirmed entries fire TradersPost-compatible JSON with stop, target, RR, and position size. Closes the loop from detection to order routing.
Key Settings
Trade Directions — long, short, or both. Default: Long + Short
Detection Size — the swing scale used to find patterns. Smaller values find more frequent, smaller pullbacks. Default: 7
Second Detection Scale — adds a parallel larger-swing layer with its own table columns. Default: off
Retracement Range — the minimum and maximum pullback depth that qualifies a pattern. Default: 50% to 88.6%
Entry Method — bar-close confirmation, or a defined retracement level. Default: Bar Confirmation
Target Type — fixed risk-reward, projection of the prior leg, or a ratio scaled to pullback depth. Default: Fixed Risk Reward
Custom Alert Message — optional broker-ready JSON template with risk-based position sizing. Default: off
All visual elements (colors, line styles, widths) are fully customizable.
A complete ABC scanning framework in a single dashboard. Chart-level detection quality across your entire watchlist. From formation to execution. Wedge Pattern Scanner Hello Traders!
Wedges form slowly and break fast. The cleanest breakout usually fires on the symbol you weren't watching. This scanner ends that. It monitors up to 20 instruments at once. You stop missing breakouts. Your watchlist runs itself.
What the Wedge Pattern Scanner Does
Detects rising and falling wedges across your entire watchlist. In real time. Built on a proprietary swing engine for clean, structurally sound pattern recognition. Each wedge is tracked through its full lifecycle: forming, breaking out, confirmed, or invalidated. Built for breakout and chart-pattern traders. The ones who want to catch compressions across many markets without cycling through charts.
The scanner dashboard with multiple symbols, every wedge state color-coded in one table.
What You Get
No more missed breakouts — The scanner watches up to 20 markets at once across three detection scales. Every active wedge (minor or structural) shows up in the table.
Clean signal quality — A proprietary swing engine surfaces structurally sound wedges. Less noise. Fewer false positives.
Hands-off monitoring — Set it up once. Enable alerts. Walk away. You're notified the moment a wedge breaks out or confirms.
Coverage across markets — Futures, FX, crypto, equities, indices. Log-scale analysis keeps detection consistent across price ranges.
Ready-to-execute signals — Every confirmed breakout comes with entry price, stop, target, and risk-reward. Or fire JSON to TradersPost and let your broker handle it.
One screen, one decision — Scan the table top-down. Open the chart that matters. Take the trade.
What It Scans For
Rising wedges — converging structure that classically resolves to the downside
Falling wedges — converging structure that classically resolves to the upside
Classic breakouts — moves in the wedge's expected direction
Reverse breakouts — optional counter-direction breaks for traders who play both sides
Up to three detection scales — minor compressions through large structural wedges, each in its own column pair
Confirmed and unconfirmed breakouts — early triggers and close-validated breakouts, tracked separately
Full Pattern Lifecycle, Color-Coded
Most screeners answer one question: is the wedge there right now? This scanner tracks every state:
ACTIVE — A wedge has formed and is compressing. Waiting for the breakout.
UP / DN — Price has broken out of the wedge. Not yet confirmed by close.
UP CONF / DN CONF — Next bar confirms with a follow-through close. Entry.
FAILED — The wedge structure breaks before a clean breakout triggers.
Each state has its own cell color. You see what's compressing right now, not only what's already broken out. No surprise breakouts.
A clean falling wedge with trendlines anchored to precision swing points.
Multi-Scale Detection
Wedges form on every timeframe and every scale. This scanner runs up to three independent detection scales concurrently:
Smaller scales — catch intraday compressions and faster setups
Larger scales — capture broader, structural wedges
Each scale gets its own pair of columns in the table. You see at a glance whether a symbol is compressing on a single scale or several at once. When scales align, you know it. No mental gymnastics, no second scanner.
Built on a Proprietary Swing Engine
A wedge is only as good as the swing points that define its trendlines. This scanner runs on a proprietary swing engine purpose-built for structural pattern recognition. The result: high detection accuracy on clean wedge structures, precision trendline construction, and patterns that match what a discretionary chartist would mark by hand.
Every candidate is checked against:
Trendline convergence — Both trendlines must genuinely converge. Parallel channels and divergent structures are rejected.
Per-scale max length — Each detection scale enforces its own maximum pattern length. Keeps timing realistic.
Swing-structure integrity — Invalidates the wedge the moment a swing point breaks the trendline geometry.
What survives is not "any two converging lines." It's wedges that pass a discretionary trader's quality bar. You skip the noise and trade the structurally sound setups.
A falling wedge breaking out to the upside, flagged UP CONF in the scanner table.
Log-Scale Analysis
Slope measurements distort on a linear scale when instruments differ in price. A wedge on CME_MINI:NQ1! and a wedge on FX:EURUSD measure totally different slopes, even when they look identical. This scanner measures trendline slope on a logarithmic price scale by default. Detection stays consistent whether you scan a high-priced index future, a sub-1.00 FX pair, or a crypto pair below $1. Price level never skews the read.
Both Sides Covered
Rising wedges classically resolve down. Falling wedges classically resolve up. That's the textbook view. An optional Reverse Breakout mode tracks counter-direction breaks too: bullish moves out of rising wedges, bearish moves out of falling ones. One tool covers continuation traders, reversal traders, and the players who trade both sides.
Webhook-Ready Execution
Every confirmed breakout can fire a TradersPost-compatible JSON alert. Full trade package included:
Entry price, stop level, take-profit target
Risk/reward ratio
Auto-computed position size from account size and per-trade risk %
Three target methods are available: Fixed Risk Reward , Pattern Height , or The Larger of the Two . The alert payload matches your preferred target methodology. No downstream logic needed. You stop watching the table. The trades route themselves.
How to Use This Scanner
Load your watchlist into the symbol slots.
Enable the detection scales you care about. Each adds its own column pair.
Choose your trade direction: long, short, or both.
Decide whether to include reverse, counter-direction breakouts.
Watch the table for cells advancing to the confirmed-breakout state.
Drop to that chart. Manage the trade with the calculated entry, stop, and target.
Default watchlist covers CME_MINI:NQ1! , CME_MINI:ES1! , CBOT_MINI:YM1! , COMEX:GC1! , COMEX:SI1! , NYMEX:CL1! , FX:EURUSD , BINANCE:BTCUSDT.P , NASDAQ:NVDA , $NASDAQ:GOOG. Ten more slots open. Works on any timeframe. Larger scales suit swing structure. Smaller scales catch intraday compressions.
What Makes This Different
A basic screener tells you a wedge exists. This one goes further in five ways:
Full lifecycle tracking — Surfaces patterns from formation through breakout, confirmation, or invalidation. You see what's compressing now, not just what already broke out.
Three concurrent detection scales — Minor compressions and structural wedges side by side. When scales align, conviction goes up.
Proprietary swing engine — Purpose-built for structural pattern recognition. Precision trendline construction across an entire watchlist.
Log-scale-adjusted detection — Slope measurements stay consistent across instruments that differ widely in price. Index future or crypto pair, same detection quality.
Webhook-ready execution — Confirmed breakouts fire TradersPost-compatible JSON with stop, target, RR, and position size. Closes the loop from detection to order routing.
A confirmed breakout running up into its projected target zone.
Key Settings
Trade Directions — long, short, or both. Default: Long + Short
Reverse Breakout — also flags breakouts against the wedge's classic direction. Default: off
Detection Sizes 1-3 — independent swing scales, each with its own max pattern length and table columns. Default: all three on
Use Log Scale — measures trendline slope on a logarithmic price scale for instrument-agnostic accuracy. Default: on
Target Type — fixed risk-reward, pattern height, or the larger of the two. Default: Fixed Risk Reward
Custom Alert Message — optional broker-ready JSON template with risk-based position sizing. Default: off
All visual elements (colors, line styles, widths) are fully customizable.
A complete wedge scanning framework in a single dashboard. Chart-level detection quality across your entire watchlist. From first compression to confirmed breakout.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
