Chart Pattern Scanner

The Chart Pattern Scanner is a comprehensive multi-symbol scanning tool designed to detect 25+ popular chart patterns across up to 40 tickers simultaneously. Whether you’re tracking wedges, flags, head & shoulders, or double tops/bottoms, this tool highlights pattern signals visually and in a customizable table — right on your chart.

🔎 What It Does
Scans up to 40 symbols at once using Pine Script’s multi-symbol request system

Detects bullish, bearish, and neutral chart patterns such as:

Double Bottom / Double Top

Triple Bottom / Triple Top

Broadening Formations (Asc, Desc, Symmetrical)

Bull/Bear Flags & Pennants

Head and Shoulders (Regular, Ascending, Descending)

Elliott Waves

Alt Flags

Ascending / Descending Wedges

Outputs the scan in a scrollable table that updates in real-time

Draws detected patterns visually on your current chart if applicable

⚙️ Settings Overview
📁 Pattern Filters
Toggle which chart patterns you want to scan for. You can enable/disable specific formations to streamline your results:

Example: Only enable “Double Bottom” and “Bull Flag” for bullish setups

🎨 Drawing Customization
Customize the look of patterns and drawings:

Bullish Color, Bearish Color, Neutral Color

Change Label Text Color, Dotted Line Style, etc.

📐 Pattern Logic Configuration
Set your tolerances for pattern recognition:

AB Minimum Ratio, BC/BE Max Ratios: Control flag/pennant symmetry

Lower & Upper Tolerance: Allow flexibility in structure recognition

🧾 Symbol Entry
Use the “Symbols” input field to list up to 40 tickers (comma-separated).
Example:

Copy
Edit
AAPL,MSFT,TSLA,NVDA,AMD
🧱 Table Settings
Choose table position: Top left, center, bottom right, etc.

Customize table text color and size

➕ Want to Scan More Than 40 Symbols?

Simply add the indicator again from your script list.
Each new instance allows another 40 symbols — for example:

1st script = 40 tickers

2nd script = another 40

3rd script = 40 more, and so on...

This gives you unlimited scanning potential with minimal setup effort.

🖼️ Visual Drawings on Active Chart
The script also overlays drawings directly on your chart if any pattern is detected on your current symbol and timeframe:

Trendlines, necklines, wedge boundaries, and wave counts

Automatically labeled with clean formatting

Styles adjust dynamically depending on selected color preferences

To enable or disable drawing visibility, use the "Display Drawings?" toggle in the settings.

🛎️ Alerts
Alerts can be set to notify when new patterns are detected across any of your selected symbols.

⚠️ Disclaimer
This indicator is provided by Charts Algo for educational and informational purposes only. It does not constitute financial advice or trading recommendations. Always conduct your own analysis before making any trading decisions. Use at your own risk.