Candlestick Pattern Scanner

Candlestick Pattern Scanner by Charts Algo

The Candlestick Pattern Scanner is a powerful TradingView indicator built to help traders instantly spot high-probability candlestick formations across multiple symbols at once. This tool is ideal for price action traders who rely on classic candle formations as part of their trading strategy.

🔹 How It Works

The scanner uses advanced logic to detect 10 of the most well-known candlestick patterns:

Hammer

Shooting Star

Doji

Bullish Engulfing

Bearish Engulfing

Hanging Man

Morning Star

Evening Star

Three White Soldiers

Three Black Crows

It supports up to 40 tickers simultaneously, scanning and displaying the results in a customizable table for quick visual reference.

⚖️ Settings Overview

Pattern Selection

You can choose which patterns you'd like to detect using the toggles. Each pattern can also be color-coded individually.

Trend Detection

The indicator optionally filters patterns based on trend direction, using:

SMA50 (basic trend filter)

SMA50 + SMA200 (for more conservative filtering)

Or no trend detection at all

Symbol Input (Up to 40)

Manually input up to 40 ticker symbols using TradingView's input.symbol() field.

Need more than 40 symbols? No problem. Just apply the indicator multiple times and input a new batch of tickers in each.

Table Output

Displays which symbols are triggering which candlestick pattern.

Choose position on the chart (top-left, middle-center, bottom-right, etc.).

Choose whether to show exchange prefix (e.g., "NASDAQ:AAPL" or just "AAPL").

Display Labels on Chart

You can enable on-chart labels that show abbreviated signals like "H" (Hammer) or "SS" (Shooting Star) directly above candles.

Table Colors and Highlighting

Every pattern result is color-coded based on your inputs, both for the column header and cell background, helping you identify at a glance which setups are firing.

🔔 Alerts

The scanner fires alerts when any chosen pattern is found on any of your tickers.
You can receive:

Names of the stocks triggering a signal

Grouped lists of which patterns are found

🚨 Disclaimer

This indicator is a tool created by Charts Algo to assist with pattern detection and multi-symbol scanning. It is not financial advice. All trading involves risk, and you are solely responsible for your decisions. Always validate signals using your own analysis before acting.

For best performance, combine this scanner with your broader trading strategy.