Trade Scanner

Spot chart patterns live as they form

Drawing trendlines on hundreds of charts takes all day. Trade Ideas watches the market for you and flags triangles, double tops, head and shoulders and candle patterns the moment they complete.

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Trade Ideas 2 minute chart of RPM with a 1-2-3 Continuation Buy Signal alert boxed on the pattern
Real alert: a 2 Minute 1-2-3 Continuation Buy Signal on RPM.

How the pattern scanner works

Many pattern scanners refresh on a timer or check one chart at a time. Trade Ideas watches every stock at once and streams the alert the moment the pattern forms. See how streaming pattern alerts compare with TrendSpider.

Each pattern is its own alert with its own rules. When a stock completes one, the alert fires and the description lists the prices that formed it.

Trade Ideas Streaming Alerts window listing 1-2-3 Continuation pattern alerts
Real Streaming Alerts (Scanner): pattern alerts as they fire.

Streaming Alerts run in TI Pro, our desktop app for Windows (on a Mac, through Parallels). More on candles in real-time candlestick pattern recognition.

Chart Pattern Recognition guide

What the pattern scan finds

It finds stocks that just finished a known chart shape. A double top is two highs near the same price. A triangle is lower highs and higher lows squeezing together. A hammer is a candle with a long lower tail.

You could find these by flipping through charts. The scan watches the whole market at once and tells you which stock, which pattern and at what prices.

The pattern alerts, by name and code
PatternWhat it meansTrade Ideas alert
TriangleLower highs and higher lows squeezing togetherTriangle Bottom (GTBOT)
Triangle Top (GTTOP)
Double top / bottomTwo highs, or two lows, near the same priceDouble Top (GDTOP)
Double Bottom (GDBOT)
Head and shouldersFive turning points, highest high in the middleHead and Shoulders (GHAS)
Inverted Head and Shoulders (GHASI)
RectanglePrice boxed between two levelsRectangle Top (GRTOP)
Rectangle Bottom (GRBOT)
Broadening top / bottomSwings getting wider, higher highs and lower lowsBroadening Top (GBTOP)
Broadening Bottom (GBBOT)
Consolidation breakoutPrice leaves a tight range5 Minute Consolidation Breakout (CBO5)
5 Minute Consolidation Breakdown (CBD5)
Channel breakoutPrice leaves its channelChannel Breakout (CHBO)
Channel Breakdown (CHBD)
Crossing support / resistancePrice moves through a level it has turned at beforeCrossed Above Resistance (CAR)
Crossed Below Support (CBS)
MACD crossoverMACD crosses its signal line5 Minute MACD Crossed Above Signal (MDAS5)
5 Minute MACD Crossed Below Signal (MDBS5)
Stochastic crossoverStochastic leaves oversold or overbought5 Minute Stochastic Crossed Above 20 (SC20_5)
5 Minute Stochastic Crossed Below 80 (SC80_5)
Hammer / hanging manSmall body with a long lower tail5 Minute Hammer (HMR5)
5 Minute Hanging Man (HGM5)
EngulfingOne candle body covers the one before it5 Minute Bullish Engulfing (NGU5)
5 Minute Bearish Engulfing (NGD5)
DojiOpen and close nearly the same5 Minute Doji (DOJ5)
NR7Narrowest range of the last seven barsNR7 (15 Minute) (NR7)
1-2-3 continuationA push, a pause, then the move resumes5 Minute 1-2-3 Continuation Buy Signal (C1U_5)
5 Minute 1-2-3 Continuation Sell Signal (C1D_5)

Most candle, MACD, Stochastic and consolidation alerts come in several bar lengths, like 5, 15 and 60 minutes. The 5 minute version is linked here; the help page lists the rest.

How detection works as patterns form

Trade Ideas reads every trade as it prints and keeps each stock’s turning points up to date. When the last piece of a pattern falls into place, the alert fires right then.

Candle alerts fire when the bar closes, since a candle isn’t finished until then. Geometric alerts fire when the final turning point is set.

These are Streaming Alerts in TI Pro, our desktop app for Windows. On a Mac, run it through Parallels.

Set it up in 4 steps
  1. In TI Pro, open a Streaming Alerts window.
  2. Turn on the patterns you trade, like Double Top and Triangle Bottom, or Hammer on 15 minutes.
  3. Add Price (Price), Dollar Volume (DV) and Relative Volume (RV) so you only see liquid, active names.
  4. Save the window and turn on sound, so you hear a pattern complete without staring at it.
How traders use pattern alerts

Watchlist. A pattern on a stock already moving on volume gets a closer look.

Levels. The alert lists the prices that formed the pattern. Traders use those for entries and stops.

Confirmation. Some only take a breakout when a candle pattern lines up with it.

A real chart example
Trade Ideas 5 minute chart of ADMA with a Doji alert boxed on a small-bodied candle near 10:00
Real Trade Ideas chart: a 5 Minute Doji alert on ADMA.

The boxed candle opens and closes at nearly the same price, and the alert marks it as the bar closes. A doji says buyers and sellers were even for that bar. What comes next is up to the following bars.

Risks and common mistakes

Patterns fail. A double top can break higher, and a hammer can be followed by more selling.

Short bar lengths fire a lot of alerts. Start with longer bars, or add Relative Volume to cut the noise.

Don’t trade a pattern on a stock with wide spreads or thin volume. The shape means less when few shares trade.

Try it on today’s market.

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Chart pattern scanner FAQ

Plain answers to what traders ask about pattern recognition in Trade Ideas.

What is a chart pattern recognition scanner?

Software that checks many charts at once for set shapes, like triangles or double tops, and tells you when one completes. Trade Ideas does it with Streaming Alerts, one alert per pattern.

Which chart patterns does Trade Ideas find?

Geometric: triangle, double top and bottom, head and shoulders and inverted, rectangle and broadening tops and bottoms. Candles: hammer, hanging man, engulfing, doji, dark cloud cover, bottoming tail, NR7 and 1-2-3 continuation. Plus consolidation and channel breakouts, support and resistance crosses, and MACD and Stochastic crossovers. See the Geometric and Candle lists.

Is there a stock pattern scanner that works in real time?

Yes. The pattern alerts are Streaming Alerts. They fire when the pattern completes, not on the next refresh.

Is this AI chart pattern recognition?

The pattern alerts are rule based. Each one has written rules on its help page, so you can see exactly why it fired. Holly AI Signals are a separate feature and part of TI Premium.

Can I get a free chart pattern scanner?

You can try it with a free account, just an email, no card. Live access is for a limited time, then it is part of a paid plan.

Does chart pattern recognition software work on a Mac?

TI Pro runs on Windows. On a Mac, traders run it through Parallels.

Do chart patterns work?

Sometimes. A pattern shows a shape that has played out before; it does not promise what happens next. Test your rules in a simulated account first.

Alerts and filters to look at

Past results, including backtests, don't guarantee future results.

See chart patterns the moment they complete.

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